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Liquidity for top cryptocurrencies on the exchange, measured by 0.1% and 1% market depth indicators, has declined by 25% or more to less than $150 million and around $180 million, respectively, in the past 24 hours, data tracked by Kaiko show. Market depth is a collection of buy and sell
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The crypto industry as a whole has experienced numerous job cuts in response to poor market conditions. Blockchain analytics firm Chainalysis has reduced its staff by 15%, affecting approximately 150 employees as it grapples with the ongoing market downturn in the crypto industry. The job reduction marks the second round of
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Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues.On Oct. 3, Chainalysis confirmed to Cryptox that it had made the difficult decision to part ways with 15% of its employees, amounting to approximately 135
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Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s
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The Bitcoin (BTC) price gained traction on Sept. 12 after deep diving around the $25,000 mark. On-chain metrics indicate notable hikes for the flagship cryptocurrency amid unreliable market conditions. Bitcoin is up by 1.17% in the past 24 hours and is trading at $26,875 at the time of writing. The asset’s market
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto scene is inherently volatile. Albeit the general shaky conditions, a few projects continue to shine, drawing investors’ attention and enthusiasm globally. Hedera (HBAR), THORChain (RUNE), and, notably, InQubeta’s QUBE are popular as more investors explore their core
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Txbit, a cryptocurrency platform, has announced its closure on September 14, 2023, due to increasing regulatory challenges and market pressures. In an announcement on Monday, Aug. 14, a Netherlands-based cryptocurrency exchange Txbit revealed it is ceasing operations by
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The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service. Original Source
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Bitcoin mining company Marathon Digital has linked its recent slump in the total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees.According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amount of
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Solana's Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the
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