The Federal Reserve, according to the WSJ, has begun looking into Goldman Sachs. The publication claims the investigation is focused on whether or not the bank “ramped up consumer lending” with adequate protections in place. It’s no exaggeration to say that Goldman Sachs Group Inc. is among the world’s most
Companies in the conventional IT business have started laying off workers alongside those in the cryptocurrency sector. Microsoft made the decision to lay off 10,000 workers recently. Other well-known companies, such as BlackRock, Amazon, and Meta, have already revealed such initiatives. A further industry leader in technology has just been
Charles Hoskinson, founder of Cardano, said on Friday that he is contemplating purchasing CoinDesk in order to transform it from a cryptocurrency news website into a hybrid of sorts, bringing together news and a community forum. He thinks the asking price of $200 million is too much, despite the fact
The news that Binance, the biggest cryptocurrency exchange in the world, would be delisting Beam (BEAM) caused its price to plummet. According to statistics compiled by CoinMarketCap, BEAM has lost 30% of its value in the previous 24 hours. The cryptocurrency exchange said that the BEAM token did not match
Another media outlet, CoinDesk, has run into problems only hours after it was reported that DCG’s cryptocurrency trading arm, Genesis, intends to file for bankruptcy. DCG’s own media outlet has retained the services of the Lazard Group. As financial consultants in preparation for a sale. CoinDesk would be leaving Barry
Amid the pressure to speed up the burn rate, the Terra Classic community has burnt up almost 16 million LUNC tokens in less than a week. In 2023, validators and projects working with Terra Classic want to burn billions of Terra Classic (LUNC) to increase the burn rate. An estimated
The completion of the Bitcoin Miner GRIID and a blank-check merger has been pushed back yet again. This past week, Adit EdTech, a special purpose acquisition company (SPAC), revealed in an SEC filing that it had extended the deadline for the merger from January 14 to February 14. The original
According to BeaconScan statistics, the number of Ethereum (ETH) validators has surpassed 500,000 in anticipation of the Shanghai upgrade in March. A validator is a node in a proof-of-stake (PoS) blockchain. That verifies the legitimacy of network transactions and prevents double-spending. Staking 32 ETH, or around $50,000 at today’s exchange
Stablecoins and CBDCs, issued by central banks, have captured the interest of governments throughout the world. Evidence for this comes from the fact that several nations are embracing CBDCs and launching pilot programmes to fully integrate them into daily life. Recent events include the introduction of a CBDC pilot programme
Reportedly in the next few days, Microsoft will carry out a massive layoff, affecting 11,000 employees. During a worldwide economic slump, the report claims the technology giant wants to lay off a large portion of its workers. Right from 2022, layoffs were routine, and many people started planning ahead for
