Global venture capital and growth investor Sequoia Capital has announced the launch of two new funds – a $2 billion early-stage venture, and growth product for India as well as an $850 million dedicated one for Southeast Asia. The focus will also be on the Web3 ecosystem. Sequoia has ambitious plans for the region and...Read More
The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to remain disciplined amidst the ongoing crypto havoc. He compared the months-long selloff to the Internet bubble burst in 2000 while noting that some crypto gems will survive the winter as Amazon did twenty-two years ago. “Stay Disciplined” As the bloodbath deepened, bitcoin slumped...Read More
Yesterday was one of the worst days in the history of crypto; prices crashed harder, crypto companies cut jobs, the Fed hinted at hiking rates, Binance halted BTC withdrawals, and Celsius suspended multiple services. These events on the same day left many investors in psychological turmoil. Ripple CEO Urges Crypto Investors to Stay Strong While...Read More
The five leading cryptocurrency exchanges in South Korea – Upbit, Bithumb, Coinone, Korbit, and Gopax – will reportedly set up a joint consultative body that will oversee the local digital asset market, scheduled to go live during the second half of 2022. Trying to Prevent Another Accident Like Terra A local media revealed that Korea’s...Read More
Gary Gensler – Chairman of the Securities and Exchange Commission (SEC) – spoke about crypto during the RFK Human Rights Compass Summer Investors Conference on Tuesday. He cautioned the public about the returns that some companies within the crypto space are promising, which he views as “too good to be true.” Too Good to be...Read More
New York City Mayor Eric Adams has spoken against the bill that seeks to impose a two-year moratorium on bitcoin mining plants, which are not 100% run by renewal energy in the New York state. He thinks the moratorium can impede the growth of the bitcoin mining industry in the United States. The controversial bill...Read More
The bearish blues hover over Terra’s LUNA price as the crypto market’s recent crash has put all the coins under pressure once again. For Terra, mid-$2.30 levels have performed as support above the bottom recorded last Thursday at $2.10. LUNA pricing avoided making a new all-time low on Tuesday. Because LUNA 2.0, like most cryptocurrency...Read More
The native token for crypto lending platform Celsius has abruptly skyrocketed following bullish news regarding its efforts to address liquidity issues. On-chain data shows that the company has received substantial DAI stablecoin contributions, which its already used to pay back its loans. According to Etherscan, Celsius received multiple DAI transactions worth over $28 million in...Read More
It’s been a rough start to the week for crypto investors. The total market cap slumped below $1 trillion for the first time in 18 months. Bitcoin spearheaded the crash, falling to $21,000 on Monday, and Ether (ETH) dropped to as low as $1,093. The sell-off worsened after news surfaced that the U.S. Federal Reserve...Read More
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down...Read More
Brian Armstrong – CEO of Coinbase – today announced his decision to reduce the size of the company’s team by 18%. Every Coinbase employee has now been issued a letter informing them of whether they’ve been laid off. The Bear Market Strikes According to a blog post from Armstrong on Tuesday, the CEO explained that...Read More
By Brian Armstrong, CEO and Cofounder Earlier today, I shared the following note with all Coinbase employees. Team, Today I am making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn. I want to walk you through why I am making this...Read More
A metric known as trading volume can be used to measure how frequently a specific coin is exchanged on the market at any one time. Investors frequently consider trading volume as part of a broad range of financial products traded worldwide. Most traders consider a cryptocurrency’s trading volume to be one of the most important...Read More
The first nation to legalize BTC inside its borders sits on a substantial unrealized loss from its bitcoin stack. However, its Finance Minister, Alejandro Zelaya, reassured that the most recent market crash will not hurt the country’s fiscal health. No Worries in El Salvador The small Central American country made history approximately a year ago...Read More
The company behind the Cardano ecosystem – Input Output – announced the launch of its Ethereum Virtual Machine (EVM) sidechain alpha on the testnet. However, the layer-one blockchain did not specify if such EVM compatibility would be directly deployed to its mainnet one day. Interoperability Is The Future IOHK tweeted that the initiative will enable...Read More
Centralized crypto exchange and lending platform BlockFi joined Geminis, CryptoCom, and other digital asset firms in massively trimming its staff size in the light of a downtrend wave storming the industry. Roughly 20% of its 850+ employees are set to be laid off, according to the company’s blog post penned by co-founders Zac Prince and...Read More
Many investors are already talking about how long this crypto winter could last. Still, according to Bank of America, most retailers are waiting for the ideal time to buy cryptocurrencies as soon as this year. A survey of 1,000 people conducted in early June by Bank of America (BAC) found that 90% of respondents were...Read More
The French Government’s Olympics committee is willing to run the Paris 2024 Olympic Games with minimum security risks for fans. As such, the organization might incorporate blockchain technology into its ticketing system and provide non-transferable, personalized passes to spectators. Blockchain to the Rescue According to a recent coverage, Michel Cadot – the interministerial delegate of...Read More
