Cryptocurrency Analysis and News Portal
The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators. Original Source
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In response to new rules by the Financial Conduct Authority (FCA), OKX announced changes to its services for U.K. users, including offering 40 tokens. Seychelles-based crypto exchange OKX has responded to strict new rules regulating the advertising of cryptocurrencies in the U.K. by significantly changing its services and offerings for customers
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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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Michael Egorov, founder of Curve Finance, has settled his loan on the Aave Protocol and cut his total debt to $42.7 million.
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Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000. In a major development and probably the first, the US Securities and Exchange Commission (SEC) has decided to revise its fine against
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Many other notable digital currencies are currently seeing massive gains, bringing the crypto market a remarkable 1.7% increase on the day to surpass the $1 trillion mark.Ethereum (ETH) price has surged to its highest level since November 8 as demand for the network also continues to build up. This follows
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Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02).American multinational conglomerate holding company, Berkshire Hathaway Inc (NYSE: BRK.A) has reduced its stake by offloading
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Stablecoin issuer Tether has cut its holdings of commercial paper by 58% to $8.5 billion, with a further reduction to $3.5 billion expected at the end of the month as it seeks to tackle speculation about the quality of support for its dollar-pegged USDT token. Original Source
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Litecoin was affected by the bearish movements that were recently experienced in the cryptocurrency market as its market cap crashed. Litecoin’s market cap was down by over 30% compared to what it was in the first week of May, wherein the digital asset was performing well. Litecoin’s market valuation was
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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. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June
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