Cryptocurrency Analysis and News Portal
Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts.The firm announced its decision to downscale its workforce in a bid to weather difficult market conditions, just a week after the resignation of CEO Whit
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“I am definitely in support of doing another 75 basis-point hike in July, probably 50 in September,” Waller said, adding a 25 basis-point hike that could then be on the cards after that. Concerns of the Fed tipping the U.S. into a recession were overblown, he said, and added that
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CoinDesk looks at what EU crypto companies can expect after the bloc sealed deals on the political shape on anti-money-laundering and licensing laws. Original Source
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Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became
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The Top 5 cryptos featured in this article today are taking a heavy blow in the ongoing market pandemonium. Led by Bitcoin and Ethereum – two of the biggest cryptocurrencies in terms of market cap – these five cryptos have been hogging the headlines of late. Investors now wonder when a recovery
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Investors redeemed a net $5.8 million from short bitcoin funds in the seven days through June 17, the crypto asset manager CoinShares wrote Monday in a report. (A "short" position in financial markets is a bet on a price decline.) At the beginning of the week, assets under management (AUM)
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The Sandbox native token, SAND, jumped from eight-month lows following Friday’s announcement of a collaboration between the metaverse and Lionsgate Studios. As a result of the news, SAND surged as high as 20% to $0.9715, before reversing course to trade at $0.8647. The move helped SAND overcome a seven-day losing run in
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On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle
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Unsurprisingly, Renier doesn’t want the banking sector to get forgotten, arguing that it would likely be the intermediary between central banks and ordinary shoppers. For others, Web 3 is a chance to transform the financial system – among them EU lawmaker Luis Garicano, who wants the ECB to think bigger. Source
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Crypto market capitalization increased some 4.5% in the past 24 hours after sliding under $1 trillion earlier this week. Source
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