Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. Ledger’s CEO and Chairman, Pascal Gauthier, highlighted the need to make difficult decisions in the face of prevailing market conditions. Gauthier acknowledged the impact of […]
Binance, the world’s largest cryptocurrency exchange, has announced plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. Additionally, the exchange will delist 19 trading pairs on October 6, all involving BUSD. This follows Binance’s earlier announcement to discontinue support for the stablecoin, BUSD, next year. […]
Ledger, a hardware wallet manufacturer, announced in a blog post on October 5 that it will lay off 12% of its staff due to macroeconomic headwinds. CEO Pascal Gauthier said that the company had prepared for the bear market in early 2022 and had raised significant capital in the first two quarters of 2023. Gauthier […]
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is in talks to raise $2 billion in fresh funding. This comes days after Amazon announced plans to […]
An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for Binance Coin (BNB). According to the report, Binance founder and CEO Changpeng Zhao declared the ICO a success, claiming it had raised $15 million […]
A hacker has managed to steal 234 Ether (ETH) worth approximately $385,000 in less than 24 hours by manipulating the SIM cards of four Friend.Tech users. The victims reported that the scammer was able to switch their SIM cards to an iPhone SE at the Apple store. Manifold Trading has warned that up to $20 […]
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
El Salvador has taken a major step forward in its ambition to use renewable energy sources for cryptocurrency mining by launching its first local Bitcoin mining pool, “Lava Pool”. Spearheaded by Volcano Energy in conjunction with Luxor Technologies, the project will make use of Luxor’s Hashrate Forward Marketplace to automate risk management techniques. The project […]
Litecoin (LTC) is currently trading at $64 and has seen a 1.5 percent rise in the last 7 days. The digital asset has been mirroring Bitcoin’s price movement and is looking to break out of the $70 local resistance. Investors have placed orders to buy 234,370 LTC when the price drops 5 percent to hit […]
Elon Musk is facing legal proceedings from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena. The SEC is investigating whether Musk violated federal securities law with his Twitter purchase last year. The regulator has requested Musk’s testimony to obtain information relevant to its investigation. Musk had agreed to testify […]
