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October 6, 2022

Even Matt Damon couldn’t save 2,000 Crypto.com staff

Even Matt Damon couldn’t save 2,000 Crypto.com staff

More than 2,000 employees have either been fired or resigned from Singapore-based crypto exchange Crypto.com since the firm began a series of major cutbacks in the wake of the market’s drastic downturn earlier this year. As reported by AdAge, the company slashed its pre-summer workforce by up to 40% between June and August, and while there …

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NFL superstars back Coolkicks founder’s  million raise for collectible trading platform

NFL superstars back Coolkicks founder’s $6 million raise for collectible trading platform

QUICK TAKE The team behind sneaker chain Coolkicks are moving into the web3 space with a new trading platform called MynaSwap.  The startup has raised $6 million at a $50 million valuation from investors such as Blizzard, Spartan Capital and NFL superstars Odell Beckham Jr. and Kyler Murray.  The team behind the legendary Coolkicks sneaker chain has raised …

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SOUTH CAROLINA STATE TREASURER TRAVELS TO EL SALVADOR TO LEARN ABOUT BITCOIN ADOPTION

SOUTH CAROLINA STATE TREASURER TRAVELS TO EL SALVADOR TO LEARN ABOUT BITCOIN ADOPTION

Curtis Loftis and other SC officials spent five days in El Salvador experiencing first-hand the country’s Bitcoin adoption. A delegation from South Carolina, U.S. traveled to El Salvador to learn how the country’s recognition of bitcoin as legal tender is transforming its economy, per a release sent to Bitcoin Magazine. Business and technological leaders, healthcare …

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Tuttle Capital files Inverse ETFs to trade against Jim Cramer’s recommendations

Tuttle Capital files Inverse ETFs to trade against Jim Cramer’s recommendations

Advisory firm Tuttle Capital has filed two exchange-traded funds (ETF), which it created to trade against investment recommendations made by Jim Cramer, who hosts the popular CNBC show “Mad Money.” Jim Cramer is a veteran stock market investor known for his contrarian investment strategy. He buys when everyone is selling and vice versa. Since Cramer dabbled into crypto, …

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DeFi Tokens UNI, CRV, and AAVE Lead Crypto Gains, Can NEAR Follow Suit?

DeFi Tokens UNI, CRV, and AAVE Lead Crypto Gains, Can NEAR Follow Suit?

In Brief Uniswap (UNI), Aave (AAVE), Near Protocol (NEAR), and Curve DAO Token (CRV) were a few tokens that traded in green. UNI’s 3-month ROI stood at +17.77% BTC and ETH had a -6.66% and +12.00% ROI over the same period. Next to UNI on the top gainers’ chart was Near Protocol’s NEAR token which …

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Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange

Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange

Alexandre Kech’s departure follows the exit of another key digital-assets employee from Citi in August. Alexandre Kech, director of blockchain and digital assets at Citi Ventures, is leaving the U.S. bank to take a role at Six Digital Exchange, according to his LinkedIn page. Six Digital Exchange is a Swiss digital asset exchange that offers …

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From first downs to crypto: A former NFL player gets into digital assets

Lewis Neal went from playing professional football to trading various asset classes before he found out about Bitcoin. NEWS   When things don’t go as planned in your career, finding opportunities in other fields is the way to go, according to Lewis Neal, a former National Football League (NFL) defensive tackle. Speaking to Cointelegraph at …

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Bitcoin beats out shorts as BTC price attempts to crack .5K

Bitcoin beats out shorts as BTC price attempts to crack $20.5K

Further fluctuations within the range nonetheless see bulls avoid another retest of more crucial support. Bitcoin (BTC) reclaimed and held $20,000 into Oct. 6 as the latest rebound punished short speculators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin preserves “important” $19,600 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing from local lows of $19,740 on …

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Grayscale unveils bitcoin mining-centered investment entity

Grayscale unveils bitcoin mining-centered investment entity

QUICK TAKE Grayscale is launching Grayscale Digital Infrastructure Opportunities, a “private, co-investment opportunity in mining hardware that powers the bitcoin ecosystem.” The company is partnering with digital asset mining and staking infrastructure firm Foundry, which will manage day-to-day operations. Crypto asset management firm Grayscale aims to take advantage of the slide in crypto prices with …

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