Crypto news

Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media post, the CEO stressed that the layoffs were not a financial decision, a point reinforced in a subsequent blog entry titled “Letting Go.” Here, Juliano attributed the...

Bitcoin im freien Fall: Was passiert bei einem Mini-Crash? Der Bitcoin-Markt ist bekannt für seine schnellen Schwankungen, und die extreme Volatilität führt oft zu kurzfristigen Einbrüchen, auch als „Mini-Crashes“ bezeichnet. Ein Mini-Crash kann das Vertrauen erschüttern, birgt jedoch auch Chancen und Risiken, die das komplexe Verhältnis zwischen Angebot, Nachfrage und Marktstimmung widerspiegeln. Bei einem Mini-Crash von Bitcoin sinkt der Preis in...

Nishad Singh, the former FTX head of engineering, was sentenced to time served and three years of supervised release. He avoided further prison for his role in the multibillion-dollar fraud at the collapsed cryptocurrency exchange. Singh, sentenced by Judge Lewis A. Kaplan in New York, also faces an $11 billion forfeiture, becoming the fourth ex-FTX employee held accountable in court. Limited Role and Cooperation Although Singh was initially facing a potential 75-year...

TL;DR Analysts share optimistic BTC price predictions. One trader thinks a parabolic increase of $300K is possible sometime next year. The US presidential election on November 5 may drive BTC volatility due to candidates’ contrasting crypto policies. New Peak Under This Condition Bitcoin’s price has been one of the hottest topics in the crypto space in the past few days. It pumped to as high as $73,600 (just $150 away from tapping a new all-time high) on October 29 before...

The Ethereum-based cryptocurrency lending protocol Aave is witnessing a rapid increase in Coinbase Wrapped Bitcoin (cbBTC) flows into its platform due to a new incentives program involving the asset. While this reflects growing liquidity and rising adoption of the wrapped Bitcoin product on Aave, the market analytics platform IntoTheBlock says it poses a risk to users. According to an IntoTheBlock tweet, users may be temporarily unable to repay their loans on Aave if the...

[PRESS RELEASE – Vilnius, Lithuania, October 31st, 2024] Nexo redesigns its innovative solutions for long-term digital wealth building with 24/7 advanced client care on Bitcoin Whitepaper Day.  Nexo, a leading digital assets institution, today announced its major rebrand and platform redesign, marking its evolution from a crypto lending pioneer to the first comprehensive and compliant digital assets wealth platform. Unveiled on Bitcoin Whitepaper Day, this step reflects...

[PRESS RELEASE – Tokyo, Japan, October 31st, 2024] Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for content creators and developers. This node sale will help create a global, decentralized spatial computing infrastructure as the market for extended reality devices...

[PRESS RELEASE – Hong Kong, China, October 31st, 2024] The web3 firm accelerates APAC expansion, welcoming new leadership to drive growth and adoption across Asia. Serotonin, the global web3 firm bringing breakthrough technologies to market, is pleased to announce its expansion into APAC with the launch of its Hong Kong-based marketing practice, Serotonin’s first dedicated services operation in Asia. Over the last year, Serotonin has invested in scaling its APAC operations,...

A recent investigation has linked popular YouTube personality James Stephen Donaldson, better known as MrBeast, to over $23 million in alleged profits from various cryptocurrency trades that may involve insider trading. According to a report by advisory firm Loock.io, a group of on-chain investigators claims that MrBeast and his influencer network used their social media presence to promote and profit from several crypto tokens at the expense of investors. $23 Million in...

In an announcement on Oct. 29, international credit giant Visa unveiled the partnership enabling real-time money movement between traditional banking and crypto services using the Visa Direct network. “This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement,” it stated. Visa’s head of crypto, Cuy Sheffield, commented on the collaboration on Oct. 30. Excited for Visa to partner...