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Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals. Coinbase to Reassess Headcount Needs, Focus on
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CEO Vlad Tenev said the platform’s rapid growth in 2020 and 2021 led to duplication of roles and functions. Original Source
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Avalanche (AVAX) jumped 43.8% between March 14 and March 31 to a $97.50 daily close, which is the highest level since Jan. 5. This layer-1 scaling solution uses a proof-of-stake model and has amassed $9 billion in total value locked (TVL) deposited on the network’s smart contracts.AVAX token/USD at FTX.
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The organization, which splurged on the cryptocurrency last week, last bought BTC on Monday, according to one observer. Source
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On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings.Blockchain analytics firm Nansen has reported that seven-day activity in terms of addresses for many of the leading networks has been in decline. Only the Ethereum L2
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Bitcoin continues to trend lower over the weekend and seems at risk of re-testing previous lows. The first crypto by market cap was rejected at mid-area north of $40,000 and was unable to muster the momentum to hold those levels. Related Reading | Did Top Three Bitcoin Addresses Just Call Another
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Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.Total revenue rose 13% to $6.9 billion, in line with analysts' estimates, according to FactSet, but significantly slower than the 25% growth recorded in the
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Bitcoin (BTC) sellers remain active despite signs of short-term support on the charts. The cryptocurrency was trading around its 200-day moving average, currently at $46,000, and is roughly flat over the past week. Upside appears to be limited given strong resistance between $50,000-$55,000.On the daily chart, bitcoin registered a downside
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Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support at about $53,000 could stabilize the current pullback.BTC was trading at around $55,000 at press time and is down about 2% over the past 24 hours.Upside momentum is starting to
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Bitcoin spent most of Thursday ranging around $65,000 during U.S. trading hours as the markets slowly digested a highly volatile trading day on Wednesday, when bitcoin dropped to near $64,000. At the time of publication, bitcoin was up slightly over the past 24 hours. Ether was above $4,700, a nearly
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