Robinhood cuts 23% of its workforce as fewer users trade during the bear market

[ad_1] Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices […]

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Why are regulators swooping down on stablecoins?

[ad_1] As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for […]

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Weekly Crypto Roundup: seeking attention, slashed jobs, and sideways momentum

[ad_1] Bitcoin and Ether’s prices aren’t changing quickly, but the crypto and NFT sector certainly is Bitcoin and Ether’s prices aren’t changing quickly, but the crypto and NFT sector certainly is Seeking attention Crypto proponents have been struggling for years to take their emerging technology mainstream. Now, the crypto sector is the centre of attention, […]

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Crypto lending platform Celsius files for bankruptcy protection

[ad_1] A company statement confirmed that Celsius had “$167 million in cash on hand” A company statement confirmed that Celsius had “$167 million in cash on hand” The beleaguered cryptocurrency lending platform, Celsius Network, which last month froze all user withdrawals and transfers, has now filed for bankruptcy protection. (Sign up to our Technology newsletter, […]

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Weekly Crypto Roundup: testing times, trapped funds, and thefts

[ad_1] Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Testing times Crypto watchers and investors hoping for a dramatic change in the market were again disappointed this week as […]

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Factbox: Cryptocurrency lenders who ran into difficulties

[ad_1] Crypto lending platforms had to resort to extreme measures in some cases, such as freezing trades Crypto lending platforms had to resort to extreme measures in some cases, such as freezing trades Crypto lenders, which boomed during the COVID-19 pandemic, have run into difficulties recently due to a slump brought on by the downfall […]

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Singapore-based crypto lending platform Vauld freezes trades

[ad_1] The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds As the crypto sector’s turmoil stretches on, more companies are adopting extreme measures to protect themselves, even if it means […]

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Central African Republic President: Crypto is key to financial inclusion

[ad_1] The move to adopt cryptocurrencies in a country where internet use is low and electricity unreliable has raised eyebrows among crypto experts. The move to adopt cryptocurrencies in a country where internet use is low and electricity unreliable has raised eyebrows among crypto experts. Cryptocurrencies are the solution to tackling financial exclusion in the […]

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Celsius Network hires advisors to prepare for potential bankruptcy, says WSJ report

[ad_1] Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal […]

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Crypto.com exchange announces “in-principle approval” from Singapore

[ad_1] The cryptocurrency exchange Crypto.com has announced that it is deepening its roots in Singapore after receiving “in-principle approval” from the country’s regulator for its Major Payment Institution License. “Once granted, this license will enable Crypto.com to offer a range of payment services within the Payment Services Act, including Digital Payment Token (DPT) services to customers in […]

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