Robinhood, the popular trading platform, has announced its third round of layoffs, reducing approximately 150 staff members. This move is a response to a slowdown in customer trading activity since Q2 2021. The company aims to align its team structures and adjust to volumes. In 2022 alone, Robinhood has cut its headcount by 30%. Critics...Read More
Changpeng Zhao has recognized the ongoing situation and implicitly advised everyone to disregard any fear, uncertainty, and doubt (FUD), fake news, or attacks. In a Twitter post, he assured that his team is actively ensuring system stability, including withdrawals and deposits. A response will be provided once they receive the complaint, as the media sometimes...Read More
Renowned Bitcoin cash advocate and early Bitcoin investor, Roger Ver, predicts that neither Ethereum nor Bitcoin will be the primary choice for new crypto users. Speaking on the “Show Me the Crypto podcast,” Ver, often referred to as “Bitcoin Jesus” for his past Bitcoin advocacy, acknowledges Ethereum’s scaling issues but recognizes it as the frontrunner...Read More
Atlanta’s Federal Reserve Bank praises Ripple’s XRP for cross-border transactions. Reserve Bank eyeing XRP payments, Federal Bank on web3 at digital assets. The Report shows more use of web3 and Blockchain by central banks, Highlights project Mariana( A Proof Concept of by BIS; Bank of International Settlements, and financial institutions. Project Mariana boosts cross-border settlements using...Read More
crypto regulation FTAF(Financial Action Task Force) denied requiring countries to ban virtual assets and services despite Pakistan’s Finance Minister’s claims. Minister Aisha Pasha says legalizing cryptocurrency risks the country being ‘Grey listed’ by FTAF and said no to legalizing cryptos in Pakistan. FTAF Grey lists the country due to huge crime and violence, FTAF mandates VAP(...Read More
CPI REPORT The Bureau of Labor Statistics has recently released new data indicating that prices increased by 5% over the course of the year ending in March. While this rate is slightly lower than the 6% reported in February, it is still a significant figure. Moreover, when compared to February, March saw a marginal increase...Read More
