Day: December 4, 2022

Bybit announces second round of layoffs in 2022 to survive bear market

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Yes, the bear market weeds out the bad actor, but it also forces the existing players to rethink their business strategies to offset resultant losses. In this effort, crypto exchange Bybit announced mass layoffs for the second time in 2022. Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce. The “planned downsizing” will affects employees across the board: “We are all saddened by the fact this reorganization will impact many of our dear Bybuddies…

Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain – News Bitcoin News

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Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes precede this upcoming winter. Paul Krugman Compares Crypto Winter to Fimbulwinter Paul Krugman, the Nobel prize award winner, is warning about an upcoming eternal cryptocurrency winter for blockchain-based projects, including Bitcoin and other cryptocurrency networks. In an NYT opinion piece published on Dec. 1,…

Orbeon Protocol (ORBN) Presale Surges by 260%, Tamadoge (TAMA) and Big Eyes (BIG) Price Remains Flat

Place/Date: – December 4th, 2022 at 10:00 am UTC · 4 min read Source: Orbeon Protocol It doesn’t matter if there’s a bull market or a bear market – a savvy investor can make money in both. We can see investors taking advantage of this as demand for rising stars Tamadoge (TAMA) and Big Eyes (BIG) is currently flat, but elsewhere, Orbeon Protocol (ORBN), currently in Phase 2 of its presale with 6000% forecasted gains, is selling out fast. Orbeon Protocol (ORBN) Is Selling Out Fast in Presale A new…

Dogecoin Price Trends 2023: Coinspeaker Advent Calendar

Dogecoin has one of the most dedicated communities in the industry and riding on the backing from Elon Musk, chances are that the coin will experience extreme volatility in the coming year. Dear readers, Dogecoin (DOGE) is the altcoin we will be shining our beam on today as we analyze and predict how its price will be in the coming year. It is undoubtedly true that Dogecoin is one of the oldest altcoins around, founded in 2013 as a memecoin. The digital currency was floated to create a means to…

XRP Price Poised For A 13% Leap

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XRP, the 7th largest cryptocurrency with more than $19.74 billion market capitalization, appears to be poised for a healthy surge. Unfortunately for traders, investors or prospective buyers of the crypto asset, this upward movement will be temporary and the bears are expected to take control shortly after the altcoin registers an uptick in its price. XRP has already lost almost 14% of its value over the last 30 days The altcoin could jump all the way to the $0.44 level Whales have already moved over 150 million XRP tokens At…

Elon Musk alleges SBF donated over $1B to Democrats: “Where did it go?”

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The attempts of mainstream media to water down the frauds committed by FTX CEO Sam Bankman-Fried (SBF) did not fare well in convincing the crypto community and entrepreneurs. Instead, the misinformation campaign collided with Tesla CEO Elon Musk’s drive to position Twitter as “the most accurate source of information.” The world is yet to overcome the shock after witnessing the legal leniency awarded to SBF for misappropriating users’ funds and shady investment practices via trading firms Alameda Research and FTX. Will Manidis, the CEO of ScienceIO, a healthcare data platform,…

AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees – News Bitcoin News

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Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange’s workers came just days after the Nigerian crypto and blockchain advocacy group asked to refrain from doing so. Meanwhile, the former vice president of AAX claimed in a tweet that the “brand is no more and trust is broken.” Disgruntled Nigerian AAX Users Told to Spare Local Employees According to a local report, a group of disgruntled…

SHIB Price Trends Sideways, Will It Surge Anytime Soon?

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The crypto market’s overall performance has not been impressive, including memecoins like SHIB. The prices of almost all crypto assets declined over the past few weeks. But then, the story changed just when it seemed like the market was to witness high volatility. With the strong influence of the bears, the value of digital assets took to the south. In addition, the recent collapse of one of the world’s prominent crypto exchanges, FTX, spiked an unfavorable shift in the space. Following the trend in the market, the leading memecoins have…

Russia Miners Buy More BTC Mining Rigs in Quarter 4, Report

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Bitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market hasn’t enjoyed a whole month of positive price trend. As the investors cry about the loss of investment funds, the miners of Bitcoin struggle to remain afloat. As a result, BTC price has continued to plummet even with the increasing electricity costs for miners’ operations. But, surprisingly, many miners in Russia will buy mining rigs now. Why Are Russian Miners…

Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009

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Online forums are integral to the Bitcoin origin story, where Satoshi Nakamoto and early contributors collaborated to discuss and create a disruptive financial system from scratch. One of the oldest Bitcoin forums — bitcointalk.org — still preserves historical discussions around creating the Bitcoin (BTC) logo and the payment system. A curious member of the bitcointalk.org forum recently sought to identify Bitcoin miners from the early days. To their surprise, an anonymous member shared a signature dating back to January 2009, just a week after Bitcoin came into existence. The oldest…