Month: January 2023

Blockchain.com Slashes Workforce Crypto Industry Downturn

The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year. To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company. Blockchain.com currently has about 280 employees left, after starting off with 160 members at the beginning of 2021. The company added that all affected employees will be receiving severance packages. However, the packages will differ depending on the country an employee resides. Crypto Companies That Have Cut Their Workforce The…

Cardano Leads Development With Unique Sidechains And Toolkits

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This month, the Cardano ecosystem team is getting ready to release a software toolkit that will let developers build their own sidechains. On January 12, Input Output Global (IOG), a blockchain engineering firm created by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK), made the announcement. The official technical documentation for the sidechain toolkit was also released in the announcement. Great move by @InputOutputHK I believe this help spread the usage of Sidechains for Cardano which is a good strategy if it evolves to use mithril /…

Bitcoin price wants to retest 2017 all-time high near $20K — analysis

Bitcoin (BTC) stayed near $19,000 at the Jan. 13 Wall Street open as traders hoped a week of swift gains would stick. BTC/USD 1-da candle chart (Bitstamp). Source: TradingView BTC price “breakout or fakeout remains to be seen” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crisscrossing the $19,000 mark as United States equities began trading. The pair rapidly took out sellside liquidity overnight, gapping higher to what on-chain analytics resource Material Indicators forecast could be a retest of the $20,000 mark. “Seems like BTC is setting up for…

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS – Bitcoin News

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Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for IRS Enforcement of Tax Laws After Kevin McCarthy, the speaker of the United States House of Representatives, announced his intention to repeal the tens of billions in funding that was approved for the Internal Revenue…

Coinbase Email Leak Reveals Red Flags!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io An internal email leak from Coinbase reveals major red flags about the future of coinbase and the current financial status of the crypto exchange. It’s Webull’s Anniversary! Get 6 FREE stocks valued up to $12,600 by opening & funding a Webull brokerage account! WebullTurns4! Let’s Get Started! International Binance: Join Robinhood with my link and we’ll both pick our own free stock 🤝 Buy Crypto on Gemini Get $10 in Free Bitcoin: Buy Crypto on Crypto.com and Earn Free CRO Coin: Use…

$93 Million Liquidated In 1 Hour

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Data shows a large amount of shorts have been liquidated in the Bitcoin futures market in the past day as BTC pushes above $19,000. $93 Million Bitcoin Shorts Were Wiped Out In Only 1 Hour As per data from the on-chain analytics firm Glassnode, short liquidations have spiked in the past day. A “liquidation” takes place when a derivative exchange has to forcibly close up a contract on the Bitcoin futures market. Contracts usually liquidate when a certain percentage of the margin – the collateral amount that the holder had…

Bloomberg, WSJ and CoinDesk Among Media Orgs Seeking to Know Who Bailed Out Sam Bankman-Fried

“The public’s interest in this matter cannot be overstated,” said one filing made Thursday to Judge Lewis Kaplan in the Southern District of New York on behalf of the Associated Press, Bloomberg, Financial Times, CNBC, Reuters, Dow Jones (publisher of the Wall Street Journal) and Washington Post, among others. “Mr. Bankman-Fried stands accused of perpetrating one of the largest financial frauds in history.” Source

Ethereum ‘shark’ accumulation, Shanghai hard fork put $2K ETH price in play

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Ether (ETH) price technicals suggest that 35% gains are in play by March 2022 due to several bullish technical and fundamental factors. Ethereum price rises above two key moving averages On Jan. 8, Ether’s price crossed above its 21-week exponential moving average (21-week EMA; the purple wave) and 200-day simple moving average (200-day SMA; the orange wave). Historically, these two moving averages have separated bull and bear markets. When ETH price trades above them, it is considered to be in a bull market, and vice versa. ETH/USD daily price chart feat.…

Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta

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Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market. While many showed resilience as Terraform Labs, Celsius and Voyager, among others, closed down, Sam Bankman-Fried’s alleged misappropriation of FTX customers’ funds drove even the most die-hard crypto investors to question the integrity of those running the show. A series of…