CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst From July Inflation Data

Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024. дальше »

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NFT Now Cuts Jobs in Restructuring Move

Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend. дальше »

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Japan Blockchain Association demands tax cuts for crypto

Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets.

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Sequoia Capital cuts its crypto fund by 65%

VC firm Sequoia Capital has reportedly downsized its crypto fund from $585 million to $200 million amid a liquidity crunch and focus on smaller crypto players. дальше »

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KuCoin denies mass layoffs, says cuts are part of normal operations

KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some “personnel adjustments” in the future. дальше »

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US Push for AI Dominance Dealt Blow as Local Manufacturing Suffers

TSMC cuts revenue forecast as demand for AI chips stabilize and the silent US-China chip wars fester. The post US Push for AI Dominance Dealt Blow as Local Manufacturing Suffers appeared first on BeInCrypto. дальше »

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Binance Delists Cardano (ADA) and Polkadot (DOT) From This Section

Blow to ADA and DOT as major exchange cuts trading support дальше »

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Binance cuts ties with the Argentine Football Association 

Binance has cut ties with the Argentine Football Association (AFA), citing a breach of contractual agreement. Binance Argentina announced its decision to end the partnership deal with the AFA stems in a tweet on July 17. Despite being given ample… дальше »

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Binance cuts employee benefits; hints at more layoffs as profits decline

Crypto exchange Binance has reportedly cut employee benefits effective June 19, citing a declining profit margin, Wall Street Journal reported on July 17. The exchange stated that its workers would no longer get mobile-phone reimbursement, fitness reimbursement, and other staff-related bonuses. дальше »

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Binance cuts back on employee benefits, citing ‘decline in profit’: Report

The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home. дальше »

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Dapper Labs Lays Off 51 Amid NFT Market Slump In Third Round Of Cuts

Dapper Labs, the tech firm and non-fungible token (NFT) creator, has announced its second round of staff layoffs in less than a year. The move comes amid a more broadly challenging market environment for NFTs and cryptocurrencies. дальше »

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Dapper Labs Lays Off 51 as NFT Market Stays Chilly

Dapper Labs made prior cuts in February and November. дальше »

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Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday. дальше »

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Slovakia Stands to Lose €30M Through Crypto Tax Cuts

Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.

The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.

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Oil: Flex Jobs, Fuel Efficiency Stymie Rally from Output Cuts

Demand for oil has been weakened by Americans driving less as they work from home and amid the increasing use of fuel-efficient cars. дальше »

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Crypto Brokerage Robinhood Cuts 150 Staff as Daily Users Fall to 11 Million

Robinhood attempts to offset lower trading volume through additional staff cuts and 24 hours stock and ETF trading during the work week. The post Crypto Brokerage Robinhood Cuts 150 Staff as Daily Users Fall to 11 Million appeared first on BeInCrypto. дальше »

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Robinhood To Lay Off 7% of Full-Time Staff In Latest Restructuring

Approximately 150 employees of trading firm Robinhood Markets are slated to lose their jobs, according to a Wall Street Journal report on Monday. This decision, which constitutes the third round of job cuts happened within a span of slightly over a year. дальше »

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Oil Slumps Despite Output Cuts

Oil prices have tumbled about 40% from a year ago despite OPEC+ curtailing production. Weak demand is weighing on the market. дальше »

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Dash (DASH) completes its block reward “Halving”

Dash block reduction occurred at block height 1,892,161. Unlike Bitcoin halving that cuts block rewards in half, Dash reduces its reward by 7. 14% after every 210,240 blocks. Currently, the reward is 2. дальше »

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Algorand Cuts Block Time After New Upgrade

The protocol upgrade includes several improvements intended to make application development faster and more cost-efficient. дальше »

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Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking

The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy. дальше »

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First Mover Asia: Bitcoin Slips Back to $26.3K in Weekend Trading as Investors Weigh Potential Interest Rate Decisions

The largest crypto by market cap benefited from last week's pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country. дальше »

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Binance.US reportedly cuts 50 staff following SEC charges

Binance. US, the American counterpart of Binance, has laid off about 50 staff members across its legal, compliance, and risk departments. , Reuters reported June 15. Two Binance. US employees, who have not been identified, disclosed a “round of layoffs” on LinkedIn and said that they were leaving the company. дальше »

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Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’

Binance cuts staff. дальше »

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Casino stocks boost as China cuts key policy rate- can Bitcoin casinos benefit?

Yes, Macau casino stocks could benefit from a new boost – the monetary stimulus that China is looking at as the country’s leadership pushes to halt a fresh economic slump. According to Casino. дальше »

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Fed forecasts ‘mild recession’ in 2023

Quick Take The FOMC minutes were released Thursday, showing a split among members over further rate hikes. However, it was clear that rate cuts will not be happening in the near future. In the staff economic outlook, it was stated a “mild recession” could occur later this year. дальше »

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Reliance JioMart Cuts 1,000 Workers as Part of Broader Sustained Layoff Agenda

Coinspeaker Reliance JioMart Cuts 1,000 Workers as Part of Broader Sustained Layoff Agenda Indian retail giant Reliance JioMart has begun its layoff plan, which is expected to last several weeks and impact 10,000 employees. дальше »

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Silvergate begins NYSE delisting process as it readies to cut 230 staff

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing. дальше »

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PacWest Cuts Dividend as Regional Banks Recovery Deepens

Coinspeaker PacWest Cuts Dividend as Regional Banks Recovery Deepens Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods. дальше »

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Tesla Hikes Price for Model S and X Cars in China by $2,747

Coinspeaker Tesla Hikes Price for Model S and X Cars in China by $2,747 Following months of repeated price cuts, Tesla has raised the price of some of its EV offerings in China to remain competitive. дальше »

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Key OpenSea Investor Cuts Platform’s Valuation By 75% As Global NFT Sales Plummet

The global NFT market has seen a significant downturn recently, with various platforms and investors feeling the impact. As the hype surrounding NFTs subsided last year, the market experienced a correction, leading to a decline in trading volumes and valuations. дальше »

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Apecoin Price Analysis & Prediction (April 24th) – APE Cuts 14% to Tap $4, Can it Break or Make This Crucial Level?

The metaverse market cap is down 5% today due to the ongoing sell-off across the crypto space. As a result of this, Apecoin lost its spot on the metaverse chain with a 14% weekly drop. It’s currently negotiating $4. дальше »

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Polkadot (DOT) Price Slumps Below $6 – Any Chances For Reversal?

The price of Polkadot (DOT) has been gradually moving south over the past few days. The price decline cuts across the entire crypto market, with strong signs of bears. The cumulative market cap has dropped by 2. дальше »

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Price Cuts: Tesla Drops Model 3 and Model Y Prices Again

Coinspeaker Price Cuts: Tesla Drops Model 3 and Model Y Prices Again The previous discounts have positively affected Tesla's quarterly sales, with the automaker selling 422,875 cars EVs in Q1. дальше »

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DeFi Protocol Balancer Cuts Budget, Slashes Headcount Ahead of Strategy Pivot

The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand. дальше »

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Crypto Market Forecast: Week of April 10th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, OPEC cuts oil production pushing gas prices higher and contributing to inflation concerns, the Ethereum Shanghai upgrade is set to take effect this week, and Texas legislators table a bill to return the state to the Gold standard. дальше »

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State compression drastically cuts cost of minting NFTs on Solana

The Solana Foundation has announced that it now costs way less to mint 1 million NFTs on Solana, thanks to a new technology that helps to drastically cut costs by introducing a novel way to store NFTs on-chain. дальше »

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OPEC+ Production Cuts to Impact Central Banks Fight against Inflation

Coinspeaker OPEC+ Production Cuts to Impact Central Banks Fight against Inflation Reducing oil production means there will be a relative shortage in the supply of the product. OPEC+ Production Cuts to Impact Central Banks Fight against Inflation дальше »

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Bitcoin drops slightly following OPEC production cuts announcement

Quick Take CryptoSlate has discussed the possibility of de-dollarization and moving towards a unipolar world. The post Bitcoin drops slightly following OPEC production cuts announcement appeared first on CryptoSlate. дальше »

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VORB Stock Down 50% in Pre-market, Virgin Orbit Plans to Halt Operations

Coinspeaker VORB Stock Down 50% in Pre-market, Virgin Orbit Plans to Halt Operations News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. дальше »

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Electronic Arts Joins Downsizing Companies with Plans of 6% Job Cuts 

Coinspeaker Electronic Arts Joins Downsizing Companies with Plans of 6% Job Cuts  Meanwhile, Electronic Arts dropped its booking expectation last month as consumers began to slow down on spending. дальше »

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Animoca Brands cuts metaverse fund target to $800M: Report

The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023. дальше »

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Rate cuts are now the expectation as fed balance sheet grows

Quick Take The outlook from markets has completely changed in the past few weeks due to banking failures in the US and EU. The post Rate cuts are now the expectation as fed balance sheet grows appeared first on CryptoSlate. дальше »

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NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters

When Animoca initially unveiled its plans for the fund last November, its target was $2 billion. This was then cut in half to $1 billion in January. дальше »

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Bitcoin slides off Fed meeting before bouncing back, but what next?

Key Takeaways Federal Reserve hikes 25 bps, Bitcoin drops over 6% Bounceback in prices follow, however, as market bets on rate cuts down the line Bitcoin originally fell to $26,700 and is now back at $27,700 Tight monetary policy appears to be coming to a close, which is exactly what Bitcoin investors want to hear […] The post Bitcoin slides off Fed meeting before bouncing back, but what next? appeared first on CoinJournal. дальше »

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Major bitcoin ATM manufacturer cuts cloud service after hack 

General Bytes, a manufacturer of bitcoin ATMs, has closed down its cloud services due to the discovery of a security flaw that enabled hackers to access users' hot wallets and acquire confidential data. дальше »

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Banking Giant State Street Cuts Ties With Crypto Custody Firm Copper

State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said. дальше »

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Meta Identity Crisis: The Company’s Struggle for Relevance

Discover how Meta's recent decisions, including 10,000 job cuts and the end of its NFT experiment, signal a desperate struggle for relevance. Will new strategies or leadership changes save Meta, or is it facing an inevitable decline? The post Meta Identity Crisis: The Company’s Struggle for Relevance appeared first on BeInCrypto. дальше »

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What next after SVB collapse? 30% chance of interest rate cuts by the summer

That escalated quickly.   Silicon Valley Bank (Nasdaq: SIVB) is no more, the biggest banking casualty since Lehman Brothers shocked the world in 2008. In came the US administration, pulling out emergency stops to stave off the crisis – in the short term, at least. дальше »

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Coinbase cuts ties with Silvergate as bank delays annual report filing

Coinbase announced that it would not accept payments from or to Silvergate The news comes hours after LedgerX reportedly ended its relationship with the crypto bank Coinbase, a leading U. дальше »

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