Market News Top Crypto News Coinbase Lays Off Over 60 Employees – Top Crypto Updates Coinbase lays off over 60 employees Coinbase is laying off more than 60 staff in its recruiting and institutional onboarding departments. The latest round of layoffs is a sign that the exchange may still be trying to cut costs in the ongoing bear market. The company’s layoffs also come just five months after the exchange […] Written by Cherian Varghese November 11, 2022November 11, 2022
Market News Top Crypto News Coinbase Posts Q3 Loss as Volumes Drop – Top Crypto Updates Coinbase revenue declines 28% in Q3 as trading volume falls Coinbase reported net revenue of $576 million for the third quarter (Q3 CY22), down 28% from the previous quarter. Transaction revenue fell 44% compared to Q2 as fewer users were active on the crypto exchange amidst a brutal bear market. Coinbase’s monthly transacting users dropped […] Written by Cherian Varghese November 4, 2022November 4, 2022
Market News Top Crypto News Google Partners With Coinbase to Accept Crypto Payments – Top Crypto Updates Google partners with Coinbase to accept crypto payments Google Cloud has partnered with crypto exchange Coinbase to drive Web3 innovation. The tech giant will receive crypto payment via an integration with Coinbase. Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also use Coinbase’s custody […] Written by Cherian Varghese October 13, 2022October 13, 2022
Market News Top Crypto News EU Lawmakers Pass Crypto Assets Regulation Bill – Top Crypto Updates EU lawmakers pass Crypto Assets Regulation Bill European Union lawmakers have signed the Markets in Crypto Assets Regulation (MiCA)— landmark legislation that hopes to regulate the digital asset space within the union. The MiCA bill asks those issuing crypto to publish a “crypto-asset white paper” containing information about their project. The EU Parliament also passed an […] Written by Cherian Varghese October 11, 2022October 11, 2022
Market News Top Crypto News WazirX Lays Off 60+ Employees – Top Crypto Updates WazirX lays off 40% of its employees: Report Indian crypto exchange WazirX has laid off several employees, the company said in a statement shared with CoinDesk. Around 50-70 employees, or 40% of the exchange’s workforce of 150, were laid off amid adverse economic conditions, the ongoing crypto winter, and India’s anti-cryptocurrency stand. WazirX’s daily trading […] Written by Cherian Varghese October 3, 2022October 3, 2022
Market News Top Crypto News Filecoin Reports Strong Growth Ahead of FVM Launch – Top Crypto Updates Filecoin reports strong growth ahead of FVM launch Decentralized filesharing protocol Filecoin saw a nearly seven-fold growth of data suppliers since the start of 2022. The project plans for a major upgrade in early 2023. The network’s storage providers were increasing at a rate of 20% each month, with most activity in North America, Korea, […] Written by Cherian Varghese September 26, 2022September 26, 2022
Market News Top Crypto News Cardano Vasil Upgrade Completes First Phase – Top Crypto Updates Cardano Vasil upgrade completes its first phase Cardano blockchain’s long-awaited upgrade, the Vasil hard fork, successfully completed its first phase early Friday morning. Vasil will bring improvements to the Cardano network, making it more scalable and increasing its efficiency and cost-effectiveness. [Hard forks are permanent updates to a blockchain protocol that require all nodes or […] Written by Cherian Varghese September 23, 2022September 23, 2022
Market News Top Crypto News Busan Taps FTX to Develop Crypto Exchange – Top Crypto Updates Busan taps FTX to develop crypto exchange South Korean city Busan signed an agreement with crypto exchange FTX to develop blockchain-based businesses in the coming months. This partnership is in line with the city’s broader plans to become a global blockchain and financial hub. Busan City and FTX will work together to develop and promote […] Written by Cherian Varghese August 31, 2022September 1, 2022
Market News Top Crypto News Ethereum Foundation Confirms Date for Merge Upgrade – Top Crypto Updates Ethereum Foundation confirms date for merge upgrade The Ethereum Foundation announced that the ETH merge upgrade will be fully completed between September 10 and 20. The network will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain next month in a much-awaited upgrade known as “the merge.” In proof-of-work, crypto transactions are verified through mining. Meanwhile, in proof of […] Written by Cherian Varghese August 25, 2022August 25, 2022
Market News Top Crypto News Celsius Countersues KeyFi for ‘Gross Mismanagement’ – Top Crypto Updates Celsius countersues KeyFi for ‘gross mismanagement’ Crypto lending platform Celsius filed a countersuit in U.S. Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely represented himself as a pioneer and expert in coin staking and decentralized finance (DeFi) investments. The countersuit alleges KeyFi stole millions of dollars in coins from […] Written by Cherian Varghese August 24, 2022August 24, 2022
Market News Top Crypto News Crypto Markets Fall on Release of Fed Minutes – Top Crypto Updates Crypto markets dip on release of Fed minutes Crypto markets fell after the U.S. Federal Reserve released minutes from its July 27 meeting in which the agency said it will continue to hike interest rates in order to manage inflation. The minutes stated that inflation was still too high, despite the labor market being strong and unemployment low—and […] Written by Cherian Varghese August 18, 2022August 18, 2022
Market News Top Crypto News DeFi Exchange Curve Finance Gets Hacked – Top Crypto Updates DeFi exchange Curve suffers frontend hack Decentralized trading platform Curve Finance confirmed reports that its website had suffered a frontend attack on Tuesday. Hackers compromised a Curve website or domain name to redirect users or their transactions to a malicious destination. According to blockchain detective Zachxbt, hackers stole $570,000 in ETH and sent it to […] Written by Cherian Varghese August 10, 2022August 10, 2022
