Crypto news

Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated that the firm is focusing on its core business lines to strengthen its market position. As...

TL:DR; SOL’s price skyrocketed after Trump’s victory in the US elections to a new all-time high of $263 on November 23 but lost its momentum and is down by more than 11% since then. However, whales seem unfazed as they keep buying portions of the asset while analyst envision a massive rally that could push it to as high as $600. SOL Whales Push the Buy Button As mentioned above, Solana’s native token was among the biggest beneficiaries of Trump’s victory as it found a place...

The crypto industry has been booming, with discussions about the future of trading financial assets, as well as the possibility of putting them on-chain. Some of the major players in the financial world, such as BlackRock, are starting to take notice of the transformative power of blockchain-based technology. This begs the question of what’s next. And in this conversation, real-world assets (RWAs) have definitely emerged as a frontier, capturing the spotlight with their...

Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related to Celsius’ token, CEL. During a Tuesday hearing before U.S. District Judge John Koeltl, he admitted to...

While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on CoinMarketCap. This remarkable rise brings its year-to-date gains to nearly 200%. As of December 4, BNB has surpassed Solana (SOL) in market capitalization, securing its...

RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that it will wind down operations by January 2025. Final Collection and Legacy Tribute “Today, we’re announcing the plan to wind down RTFKT operations,” the post stated. “Looking back, we’re incredibly proud of everything we’ve achieved together.” RTFKT also outlined plans to release a final collection in...

“Coinbase just locked my account after trying to send $25,000 USDC,” reported Ethereum developer Eric Connor on Dec. 3. “Wasn’t Brian Armstrong just talking about debanking? Very cool!” he quipped. He added that the notification was “completely useless” as both paths to unlock the account required him to sign in, which he couldn’t do. “Service agent on the phone also completely useless,” he added. Coinbase just locked my account after trying to send $25k USDC Wasn’t...

Shiba Inu’s blockchain underwent a considerable upgrade today. The Heimdall and Bor hard forks are live. They aim to improve performance and stability and include an upgradeable burn contract. The Heimdall Hard Fork According to the official documentation, the latest version of the Heimdall upgrade, namely v1.07-bone has been released for the Shibarium blockchain. Amid the numerous features of the upgrade are: Documentation enhancements Improvements to code validation...

[PRESS RELEASE – New York, United States, December 3rd, 2024] Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience designed to move DeFi forward. Tackling...

Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC’s “soon-to-be prior administration.” Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the company. Coinbase Cuts Ties with Milbank In a post on X, Armstrong revealed that...