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The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.The crypto exchange reportedly laid off 44 employees from its customer support division in August, citing redundancy in roles amid the
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" ... startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS (tax deducted at source) on domestic exchanges," the company said. "These factors had a significant impact on our volumes and
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In a recent note that has caught the attention of both traditional financial markets and the Bitcoin community, Goldman Sachs economists, including
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Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7 which is designed to power high-level artificial intelligence (AI) systems. The company said its next-generation GH200 Grace Hopper Superchip, is one of the first to be equipped with a HBM3e processor and is designed
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Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported. Source
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The bank said it sees few positive drivers for the crypto exchange’s share price in the near term. Source
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A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.A new Ethereum request for comment (ERC) was published on Github on July 3. In it, the lead developer Diyahir
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The Australian dollar, which is sensitive to the Chinese economy due to the strength of trade ties between the two countries, fell 0.7% against the U.S. dollar, and China's benchmark equity index, CSI, traded flat to negative. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 0.5% and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the SEC’s recent lawsuits against major crypto exchanges, trading platform Robinhood has announced its decision to discontinue support for cryptocurrencies Cardano, Polygon, and Solana from June 27, underscoring the growing regulatory pressures within the
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The layer 2 landscape on top of Ethereum has seen some intense competition over the past few months. According to L2Beat, Arbitrum, another optimistic scaling solution and Optimism’s biggest rival, leads the way with $5.69 billion total value locked (TVL), a measure of collateral socked into decentralized-finance (DeFi) protocols on
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