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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

2024-6-13 04:00


Why Is Bitcoin Stagnant Despite ETF Inflows? Report Answers

Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. дальше »

2024-6-13 03:00


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Bubblemaps alleges insider trading in memecoins promoted by Andrew Tate, Iggy Azalea

Blockchain analytics platform Bubblemaps has levied allegations of significant insider trading activity in the memecoin projects recently promoted by Andrew Tate and Iggy Azalea. Despite the evidence of wallets purchasing significant amounts of the tokens during and before their respective launches, there is no evidence linking them to Tate or Azalea. дальше »

2024-6-13 01:58


Litecoin Sees Decline Despite Surge In Network Activity And Potential Rebound Indicators

Despite a 4% decline today and a 7% drop over the past week, Litecoin has experienced a significant increase in network activity. Over the past week, Litecoin averaged approximately 704,000 unique addresses interacting on the network, a substantial rise from the 345,000 addresses averaged throughout May. This more than doubling […] дальше »

2024-6-13 05:43


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Crypto Analyst Predicts XRP Price Breakout Of Critical Zone, Sets Target As High As $7.5

A crypto analyst has boldly predicted a significant price breakout for the XRP price, setting a target as high as $7.5 despite the cryptocurrency trading below $1 presently. While this projection may seem ambitious, if realized, it would mark new all-time highs for XRP, decisively ending the cryptocurrency’s years-long downward trend. XRP’s Roadmap To $7.5 […] дальше »

2024-6-12 02:00


Bitcoin Price Analysis: Top Trader Warns of an Imminent BTC Correction – Here’s Their Outlook

Bitcoin’s price movements have always been a subject of intense analysis. Trader Alan Santana offered a comprehensive analysis of Bitcoin’s current state on TradingView lately. Despite some notable developments in the market, the analyst notes that bearish signals continue to dominate, suggesting that a correction might be imminent. дальше »

2024-6-7 11:15


China Never Banned Bitcoin Mining, Researcher Reveals

In a striking revelation that challenges widely-held perceptions, Daniel Batten, a Bitcoin environmental impact analyst, disclosed that BTC mining was never officially banned in China. According to Batten’s research, despite widespread reports to the contrary, the so-called “ban” was actually a temporary suspension, and mining activities have largely resumed across the country. Bitcoin Mining Was […] дальше »

2024-6-7 10:00


The Base Ecosystem and Coinbase: Your Ultimate Guide to the Ethereum Layer-2

The Base ecosystem, incubated within Coinbase, is a Layer-2 solution designed to make the Ethereum blockchain more scalable, reduce transaction costs, and improve dApp user experiences.   Despite ties to a centralized exchange, the project aims for progressive decentralization, which is critical for an open cryptoeconomy. дальше »

2024-6-7 20:46