Thursday, March 28, 2024
Home > Reduction

Improbable Reports 85% Reduction in Losses for 2022 as Metaverse Focus Pays Off

In addition to the metaverse, Improbable attributed the robust financial earnings to a decrease in the cost of hosting large-scale virtual events.  London-based virtual reality startup Improbable has announced a substantial reduction in its losses for the 2022 fiscal year, marking a notable shift in the company’s financial performance. The company, known

Read More

The Ethereum Merge has Lead to Net Supply Reduction of 300K Ether (ETH)

"In August 2022, the Ethereum Foundation warned users that the upcoming Paris upgrade would not reduce gas fees. Subsequently, prices fell, and ether was doomed to underperform bitcoin. But this also hinted towards the next potential catalyst for Ether investors—lower gas fees," Markus Thielen, head of research and strategy at

Read More

Binance headcount reduction hits 1,000 employees: Report

Binance is celebrating its sixth anniversary, with over 1,000 people reportedly laid off in recent weeks, The Wall Street Journal reported.According to former employees, cuts were global and customer service workers were heavily affected, particularly in India. Including this week’s layoffs, over 1,000 employees have lost their jobs at the

Read More

Crypto tax liability reduction strategies may be changing in US

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode has revealed some effective strategies that could enable crypto investors to minimize their tax liability, including relocation, self-directed Individual Retirement Accounts (IRAs), and tax loss harvesting, as the Biden administration gears up to address

Read More

DAO of DeFi Protocol PancakeSwap Votes For “Aggressive Reduction” of CAKE Token Inflation

The “version 2.5” tokenomics proposal would move CAKE toward a “deflationary model” by slashing the token rewards paid to traders and stakers by over 68%. The so-called CAKE “emissions” on Syrup Pool, PancakeSwap’s main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal. Source

Read More

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit – Economics Bitcoin News

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations.

Read More

Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement

The overall market capitalization of stablecoins fell for a 10th consecutive month in January, to $137 billion, according to a report by research group CryptoCompare. Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins

Read More

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues – Altcoins Bitcoin News

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current

Read More

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction – Mining Bitcoin News

Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as

Read More