Crypto news

The combination of BSC’s strong ability and opBNB’s dedicated new features will make data access easier. In a major announcement on Monday, June 19, Binance-founded Layer-1 blockchain platform BNB Smart Chain (BSC) introduced a new scalability solution opBNB, with the goal of offering a seamless experience for users, developers, and projects on BSC. Binance unveiled the testnet on the very same day inviting testnet validators and dApp builders to try their hands. They noted that opBNB will...

The market capitalization of the flagship cryptocurrency recently hit levels greater than that of all other cryptocurrencies combined. Bitcoin (BTC) has had some difficult runs recently, but maybe its market dominance was never in doubt. This follows after the market capitalization of the flagship cryptocurrency recently hit levels greater than that of all other cryptocurrencies combined. According to TradingView data, Bitcoin dominance surpassed 50% on Monday, in what was its first...

Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs. Grab Holdings, a Singapore-based ride-hailing and food delivery company, is gearing up for its largest round of layoffs since the pandemic, according to a report by Bloomberg on Tuesday. Sources familiar with the matter stated that the company would officially announce the planned job cuts this week, which is expected to surpass...

The hawkish approach of the US Securities and Exchange Commission (SEC) has caused many prominent cryptocurrency companies to look abroad. Gemini is amongst them. Gemini, the cryptocurrency exchange led by Tyler and Cameron Winklevoss, has announced plans to expand its headcount in Singapore. The company revealed in a blog post that it plans to increase its Singapore offices to over 100 employees. They also plan to include an engineering base in India as part of the APAC...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up An IIT Kanpur student named Shubransh Nayak and several of his friends were detained by Naupada police after evidence emerged they were involved in a crypto fraud scheme. Naupada Police Investigate Crypto Scam A police report issued the following statement: The initial complaint is of ₹2.5 lakh, but the scam...

[Press Release – Singapore, Singapore, June 20th, 2023] Tokenaut, a platform specializing in identifying the next moonshot memecoins and NFT projects, has announced its official launch. The platform’s debut will be accompanied by a giveaway and airdrop to jumpstart the journey. Tokenaut provides users with insights into emerging memecoins and NFTs throughout the crypto market. The platform uses an AI algorithm that crawls Twitter, Google, and other online platforms to assess...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price seems to be recovering above the $0.25 level against the US Dollar. The price is now trading below $0.288 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.260 on the 4-hour chart (data feed via Coinbase). The price could gain...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is eyeing an upside break above the $1,760 resistance against the US Dollar. ETH price is now trading above $1,720 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $1,725 on the 4-hour chart (data feed from Coinbase). The pair could...

The cryptocurrency payments company – Wyre – announced it will cease operations, citing current “market conditions.”  The firm has gone through several ups and downs in the past few years, with its main problems starting in 2023 due to the ongoing uncertainty in the digital asset market.  The San Francisco-based crypto entity said it will no longer provide its services, blaming the current challenging times in the finance sector. The move aims to “protect the best interest of...

One of the leading cryptocurrency exchanges – Crypto.com – was recently rumored to have conducted proprietary trading, whereas some of its teams might have traded assets for profit.  The company rejected the accusations, asserting it has adopted best practices to operate in the industry. Crypto.com Under Fire Five people with direct knowledge of the matter supposedly told Financial Times that the cryptocurrency platform had deployed internal teams to engage in illegal...