Crypto Exchange Layoffs: Here’s What’s Happening
As discussions around inflation take up the pace, and companies try to cope with the slowing demand, crypto exchanges are facing the heat too. According to a report, tech and…
NFT holders can earn millions through IP rights, says Apocalyptic Apes founder
Bill Starkov, the founder of Apocalyptic Apes, said that holders can earn a lot of money by licensing their nonfungible tokens. While the most common way to earn money in…
Swedish Central bankers snipe Bitcoin mining, cite rampant energy use
A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react. Another day, another environmental attack…
Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation
The ghost of the highest inflation since 1981 gets traders pricing in three more 0.5% rate hikes by October. Bitcoin (BTC) fell sharply on June 10 after surprisingly high inflation…
Bear market: Some crypto firms cut jobs while others aim for sustainable growth
While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors. To put things into perspective, since November 2021,…
NFT Discord Server Hacks has the NFT crowd Worried: Should They Be?
NFT Discord Server Hacks has the crypto crowd worried – but should they be? Yes. They should. NFT hacks have been getting increasingly common now that they’ve become too mainstream.…
COTI is down by 8% – Time to Invest?
After staying in the bearish area of the graph last month, COTI, the issuer of Cardano’s Stablecoin DJED, finally started to turn its fortune around. The token traded in the…
Alameda Research’s Recent Alleged stETH Selloff Puts Celsius Network in Trouble
Analysts in the market are worried that Celsius Network may be running out of liquid funds to pay back investors. Alameda Research recently redeemed 50,000 stETH for ETH, and the…
Bitcoin’s real energy use questioned as Ethereum founder criticizes BTC
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower. The ever-raging debate around Bitcoin’s energy consumption…
Samsung Asset Management to launch blockchain ETF in Hong Kong
Samsung Asset Management acquired a 20% equity stake in the U.S. ETF provider Amplify Holding Company in March 2022. Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s…
Anchorage forms custody network with five crypto exchanges
The exchange custody network includes Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms…
Bitcoin at the WEF: What did the world’s elite think of crypto?
In a Cointelegraph video, the world’s elite and some crypto believers rub shoulders to share their views on crypto. Cointelegraph introduces “Crypto Street,” a series of spontaneous conversations with strangers…
MasterCard Partners With Central NFT Marketplaces To Facilitate Easy NFT Payments
MasterCard is set to collaborate with central NFT marketplaces to facilitate easy NFT payments The company is collaborating with major NFT marketplaces such as Immutable X, Candy Digital, Nifty Gateway,…
Deloitte Survey: 85% of Merchants Say Enabling Crypto Payments Is High Priority
A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters…
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal…