Coinbase Reduces the Size of the Firm’s Workforce by 18%

Post Views: 353 Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. On June 14, Coinbase published a blog post written by…

Biggest Movers: THETA, HNT Rise Over 20%, Despite Crypto Crash

Post Views: 312 THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day. Following…

Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’

Post Views: 321 The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value. Bank of England (BOE) Governor Andrew Bailey reiterated his…

Bitcoin, Ethereum Technical Analysis: BTC Falls to $20,000 Range, as Sell-Off Extends

Post Views: 314 Bitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. BTC fell to the $20,000 range for the first time since December 2020, whilst ETH hit $1,000, also recording a multi-year low. BTC was trading lower for an eighth consecutive day, with Monday’s decline sending prices…

Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing

Post Views: 368 The Fair token launch gives its community an equal opportunity to participate in lieu of easy upfront cash from private sales or pre-sale. AFINS fair launch manifesto Richard Fetyko is the CEO and Founder of altFINS, the best crypto trading analytics platform. He worked 14 years on Wall Street in Equity Research…

Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving

Post Views: 401 After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region. Close to…

Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token

Post Views: 321 Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes…

JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed

Post Views: 347 The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95%…

Dohrnii DAO Crypto Giveaway: Ready to Win $100K in Bitcoin?

Post Views: 312 “We know the crypto space is full of opportunities, which is why we want to encourage its massive adoption through DHN. Dohrnii’s utility token aims to empower people in crypto through education. That’s what this 100K giveaway is all about: a life-changing incentive to empower you on your journey to financial freedom”,…

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments

Post Views: 308 Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets….