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 and […]
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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 stablecoin […]
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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, for […]
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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, Today’s […]
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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 Bitcoin […]
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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 of […]
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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 stopping […]
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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 Central […]
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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 reported […]
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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 Singapore,” stated […]
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