Day: June 7, 2022

ETH Plunges Below $1,800 as Red Wave Intensifies – Market Updates Bitcoin News

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Following a move towards $32,000 to start the week, BTC was fighting to stay above $29,000 during Tuesday’s session. The red wave which captured bitcoin bulls, also overcame ETH, pushing prices nearly 8% lower, as of writing. Bitcoin Following a strong start to the week, bitcoin was once again trading lower, as prices dropped below the $30,000 mark. Tuesday’s selloff saw BTC/USD slip to an intraday low of $29,311.68, which is over 7% lower than yesterday’s peak at $31,693.29. After breaking out of its $30,500 ceiling on Monday, prices were…

Coinbase Alumni Roundtable Hosted by Fred Ehrsam

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Co-Founder and Board Director Fred Ehrsam hosts alumni Jacob Horne, Dee Goens, Linda Xie and Antonio Juliano in a roundtable conversation. They share experiences and favorite memories from the early days of building Coinbase, discuss their crypto journeys and the state of crypto now, and look ahead to what’s next for DeFi, NFTs and the cryptoeconomy as a whole. ► Visit Coinbase here: ► Learn more about our mission at Coinbase here: ✅ Subscribe to our channel here: ► Follow us…

Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments

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The recent trend for Polygon (MATIC) has followed a negative pattern, raising more concern within the industry. Within the midst of the 2022 extended cryptocurrency market correction, MATIC has a consistent bearish overview. From its value of $2.92 on December 27, 2021, the token has fallen by over 60%. Volatility remains one of the significant characteristics of cryptocurrency that has generated mixed opinions within the virtual space. It creates the basis on which the profitability of the assets stands. Also, it could form the foundation for the collapse of a…

Katie Haun’s New Fund Leads $32M Round in Lending Protocol Euler

“The primary purpose of Euler when we first started the project was to remove a lot of the barriers to entry that projects have in terms of getting listed under a DeFi protocol,” Euler XYZ CEO Michael Bentley told CoinDesk in an interview. “We wanted to create a permissionless protocol, kind of like the Uniswap of lending and borrowing, where users can activate their own lending markets as they see fit.” Source

FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues.  In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will onboard new staff just as they have done on the market’s better days. Bankman-Fried noted that in February the company slowed down hiring. However, he said that this is not due to a lack of funds. The move was…