Cryptocurrency

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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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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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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SHIB Burns Plunge to 2 Million in Past 24 Hours, What’s Happening?

SHIB Burns Plunge to 2 Million in Past 24 Hours, What’s Happening?

Contents Only 2 million SHIB removed from circulation Here’s how low burns might be linked to SHIB game The Shibburn tracking platform that keeps an eye on all SHIB burn transactions on Etherscan and then publishes them on its website has announced that in the past 24 hours, the SHIB burn rate has plunged by …

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

EU narrows Russia’s options further with crypto sanctions

The EU says its sanctions will potentially weaken Russia’s industrial capacity to continue its war in Ukraine. The European Union (EU) commission has imposed a new wave of sanctions on Russia over its invasion of Ukraine, according to an Oct. 6 press statement. “(All) existing prohibitions on crypto assets have been tightened by banning all …

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FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?

FTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks. ANALYSIS   In September, cryptocurrency exchange FTX US secured the winning bid for the assets of embattled crypto brokerage firm Voyager Digital with a bid of approximately $1.4 billion. The bid was …

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