Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated...Read More
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related...Read More
While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on...Read More
The largest cryptocurrency went on a full bull run after Donald Trump won the US presidential elections a month ago but its most recent price movements have been quite underwhelming compared to numerous altcoins. However, the amount of BTC getting withdrawn from exchanges continues to increase, and another address-related metric suggest the asset’s price still...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, December 4th, 2024] The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power The Binary Holdings to accelerate...Read More
“One of the biggest misconceptions in Bitcoin is that HODLers never sell,” said on-chain analyst James Check on X on Dec. 3. However, they do sell, and they’re currently keeping prices from moving higher, he added. Bitcoin has been range bound, oscillating around $95,0000 since Nov. 20, two weeks ago. It has failed to register a...Read More
Altcoins are leading the charge today as total crypto capitalization peaks at $3.68 trillion while Bitcoin remains range-bound. The top-performing digital asset over the past 24 hours is Tron (TRX), which has skyrocketed a monumental 70% to hit an all-time high of $0.431 during early trading on Wednesday in Asia. This has pushed TRX’s market...Read More
