NEWS Archives - Page 30 of 134

February 01, 2024

Polygon Labs Cuts 19% of Staff Amid Crypto Downturn

In a strategic move to realign its focus and navigate the challenges posed by the current crypto market downturn, Polygon Labs, a leading blockchain infrastructure provider, has announced a workforce reduction of 19%, impacting 60 employees. The decision, revealed by CEO Marc Boiron on Thursday, is...

#CRYPTOCURRENCY #Layoffs #NEWS #Polygon Labs

January 31, 2024

Tether Posts Record Profit and Reserves in Q4 2023

Tether, the issuer of the widely-used USDT stablecoin, has reported a staggering financial performance in its latest attestation report conducted by global auditing firm BDO. The report, released today, reveals that Tether achieved an unprecedented net profit of $2.9 billion during the fourth quart...

#NEWS #Stablecoin #Tether #USDT

January 30, 2024

Solana Blockchain Sees Record Transaction Volume in January

In a stunning display of growth, the Solana blockchain, renowned for its speed and scalability in hosting decentralized applications, has experienced an exceptional surge in transaction volume throughout January 2024. The latest data from The Block’s Data Dashboard reveals that the transactio...

#CRYPTOCURRENCY #NEWS #Solana #The Block

January 29, 2024

Crypto Outflows Hit $500 Million as Investors Seek New Opportunities

The global market for digital asset investment products witnessed a massive wave of outflows last week, amounting to $500 million, according to CoinShares’ latest report. The crypto outflows were mainly concentrated in the US, Switzerland, and Germany, where investors withdrew $409 million, $...

#BITCOIN #CoinShares #Crypto Outflows #ETF #Grayscale #NEWS

January 26, 2024

Bitcoin Price Predicted to Drop Further After ETF Approval

The approval of the first spot Bitcoin Exchange Traded Fund (ETF) by the US Securities and Exchange Commission (SEC) on January 10, 2024, has not provided the anticipated boost to the cryptocurrency market. Contrary to expectations, both Bitcoin (BTC) and other digital assets have experienced a los...

#Bitcin ETF #BITCOIN #CRYPTOCURRENCY #NEWS

January 25, 2024

SEC Postpones Decision on Grayscale’s Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has opted to delay its decision on the approval of a proposed spot Ethereum exchange-traded fund (ETF) by Grayscale Investments, a prominent digital asset manager. On Thursday, January 25, 2024, the SEC issued an order to initiate proceedings and ga...

#CRYPTOCURRENCY #Ethereum ETF #NEWS #Regulation #SEC

January 24, 2024

Core Scientific Resumes Trading on Nasdaq After Bankruptcy Exit

Texas-based bitcoin mining company Core Scientific has triumphantly exited Chapter 11 bankruptcy and is back in action on the Nasdaq as of Wednesday. We are thrilled to announce that Core Scientific has officially emerged from Chapter 11! Read the full press release here: https://t.co/mP0O62CyUm pi...

#Bankruptcy #Core Scientific #CRYPTOCURRENCY #NEWS

January 23, 2024

Crypto Outflows Continue Amid High Trading Volumes and Price Volatility

The past week was marked by heightened trading volumes and price volatility. We witnessed massive crypto outflows, with $21 million leaving digital asset investment products, according to CoinShares. The majority of these losses were concentrated in Canada and Europe, reflecting a strategic adjustm...

#BITCOIN #CoinShares #CRYPTOCURRENCY #Inflows #NEWS

January 22, 2024

Terraform Labs Files Chapter 11 Bankruptcy Amid SEC Lawsuits

Singapore-based Terraform Labs, the creator of the TerraUSD stablecoin, has officially filed for Chapter 11 bankruptcy protection in the U.S., according to recently disclosed court documents. The company filed with the U.S. Bankruptcy Court for the District of Delaware on Sunday, January 21, accord...

#CRYPTOCURRENCY #Do Kwon #NEWS #Terraform Labs