Tag: News

Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms – Bitcoin News

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As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s largest digital currency exchanges, Rain Financial revealed it had to lay off dozens of employees. Rain’s CEO said as cryptocurrency markets have slowed down, it has “impacted businesses across the globe.” 7 Crypto Firms Forced…

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’ – Economics Bitcoin News

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The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said gold is good for diversification because “it has zero correlation with stocks.” Therefore, under his stewardship, the CNB hopes to increase its holdings of the…

Poilievre's position on cryptocurrency criticized | CPC leadership debate

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Pierre Poilievre’s position on cryptocurrency and bitcoin was criticized by other candidates at the leadership debate. Subscribe to CTV News to watch more videos: Connect with CTV News: For the latest news visit: For a full video offering visit the CTV News Network: CTV News on Facebook: CTV News on TikTok: CTV News on Twitter: CTV News on Instagram: CTV News on Reddit: — CTV News is Canada’s most-watched news organization both locally and nationally, and has a network of national, international,…

Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer – Mining Bitcoin News

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Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s Hashrate Captures Another Record High This Year On June 2, Bitcoin.com News reported on the top five mining pools retaining over 71% of Bitcoin’s hashrate during the month of May. BTC’s hashrate at the time had a rough average of…

Don't fight the Fed: get out of stocks and buy more Bitcoin, says Mashinsky

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With the Federal Reserve pursuing aggressive tightening and putting a lot of pressure on the U.S. economy, a recession is coming next year, said Celsius Network CEO Alex Mashinsky. One of the best strategies going into this environment is not to fight the Fed. And this means getting out of the U.S. stock market, Mashinsky told Kitco News’ Editor-in-Chief Michelle Makori and anchor David Lin on the sidelines of Bitcoin 2022 in Miami. “I normally say don’t fight the Fed. Fighting the Fed…

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT – Finance Bitcoin News

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Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a platform using blockchain technologies to facilitate international settlements between Russia and its partners and the storage of digital currency. CELLS is intended as an alternative to the global payment messaging system SWIFT, from which a…

Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’ – Bitcoin News

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Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the cryptocurrency market is now bigger than subprime mortgages before the financial crisis circa 2008, and its links with traditional finance keep growing. Governor of Bank of Spain Warns About Expansion of Crypto The governor of the Bank of Spain has warned about the risks of letting the…

Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto – Featured Bitcoin News

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According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and cryptocurrencies. Using a Trusted Intermediary The Dubai-based real estate developer, DAMAC Properties, has since the beginning of the year completed cryptocurrency deals worth $50 million, the company’s chief operating officer (COO) Ali Sajwani has said.…

Central Bank Digital Currencies Could Kill Cryptocurrencies – Regulation Bitcoin News

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Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI’s Deputy Governor Discusses Impact of CBDCs on Cryptocurrencies RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International Monetary Fund (IMF), local media reported Friday. He was quoted as saying: We (RBI) believe that CBDCs would actually be able to…

Tesla CEO Elon Musk Has ‘Super Bad Feeling’ About US Economy — Biden Responds – Bitcoin News

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Tesla and Spacex CEO Elon Musk says he has a “super bad feeling” about the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on his trip to the moon. Elon Musk’s Bad Feeling About the U.S. Economy Tesla CEO Elon Musk said he has a “super bad feeling” about the U.S. economy in an email to executives seen by Reuters. The email, titled “pause all hiring worldwide,” was sent two days after Musk told staff to return to the…