People • June 11, 2023, 2:13AM EDT Crypto tax and compliance startup TaxBit has reportedly let go of 80 employees — or nearly 40% of its staff. The latest cuts — which follow a 15% staff reduction in ...
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Rheinmetall could be worth 17 billion euro over medium term-CEO
BERLIN (Reuters) – The CEO of Germany’s largest defence contractor Rheinmetall said he expected a further boost to the company’s stock market value due to the Ukraine war and increas...
Polygon Labs responds to SEC’s claim MATIC is a security
Polygon Labs has responded to the United States Securities and Exchange Commission’s claims that MATIC is an unregistered security. After stating that the token was “developed outside the ...
How Ethereum has put the DeFi market at risk
A further drop in ETH’s price could send the DeFi market into another round of liquidation. The DeFi TVL across all chains submerged. Ethereum [ETH] and assets linked to the Decentralized Finance (DeF...
The Journey Of Bitcoin Legalization In El Salvador: A Two-Year Review And Future Prospects
Two years have passed since El Salvador became the first nation in the world to recognize Bitcoin as legal tender. It’s unclear how the decision will ultimately affect the nation, which was received w...
Filecoin Price Crash: Is Filecoin Headed for Further Declines?
The cryptocurrency market is once again facing turmoil as major exchanges Binance and Coinbase come under fire from the U.S. Securities and Exchange Commission (SEC). With accusations of mishandling c...
Better.com lays off real estate team and shutters business unit
Digital mortgage lender Better.com is exiting the real estate business. The struggling fintech startup laid off its real estate team on June 7, multiple sources confirmed to TechCrunch. The company is...
Nigerian Regulator Declares Local Binance ‘Illegal’
In a significant move, Nigeria’s market regulator has issued a directive to suspend the operations of Binance, the largest cryptocurrency exchange globally, within the country. The regulator stated th...
Investors Who Predicted The Last Dogecoin Pump Recommend Another Hot New Token
The crypto market is electrified with anticipation as investors who successfully predicted the last major pump of Dogecoin (DOGE) now turn their attention to a hot new token. These astute investors, a...
SHIB up +10.66%, BTC +1.24%, Shiba Inu is The Coin of The Day – Daily Market Update for Jun 11, 2023 | CoinCodex
Key highlights: The total cryptocurrency market cap increased from $ 1.05T to $ 1.06T in the past 24 hours, representing a 0.82% change The Bitcoin price at press time is $ 25,817 after growing by 1.2...
Nike Pivots Back to Wholesale with Macy’s and DSW. Here’s Why.
Text size Nike is rekindling its relationship with DSW and Macy’s. Scott Olson/Getty Images Nike has spent the better part of the last six years cutting ties with bricks-and-mortar retail partners to ...
Are MATIC bulls privy to new buying opportunity?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MATIC smashed the $0.7414 support level. Funding ...
MATIC Future Looks Promising With Exciting Tech Announcements Despite The Delisting
Key Points: Polygon Labs is confident in their actions and focused on future growth despite MATIC’s recent delisting and drop in trading price. The team is grateful for global support and efforts bein...
Being a Utility Executive Is Getting Harder. Tesla Is to Blame.
Text size Schneider Electric is investing in the hardware and software technologies needed to build the electrical grid of the future. Charly Triballeau/Getty Images Forget building a big coal plant a...
Sparklo (SPRK) Ahead of the Curve as Monero (XMR), Bitcoin Cash (BCH) see Price Twists
As market prices swing from one end to the other, Sparklo is increasingly becoming a pacesetter and ahead of other cryptocurrencies in a highly volatile crypto market. The Sparklo project has garnered...
Cardone Reveals His Biggest Multifamily Investment Mistake Was Thinking Too Small
Multifamily investment is preferred for passive monthly income with multiple benefits, including rental income, appreciation and tax advantages. But according to one well-known entrepreneur and invest...
Bond Traders Brace for Fed Meeting Fraught with Wildcards, Risks
(Bloomberg) — The risks for bond investors from next week’s Federal Reserve meeting go well beyond whether officials decide to raise interest rates again. Most Read from Bloomberg For a market t...
XRP Holders Finally Back To Supporting Cardano Founder
Crypto Market News: The rivalry between Cardano founder Charles Hoskinson and the XRP token holder community could finally be ending as both sides agree to make peace. This could not have come at a be...
Carvana crashes back down to earth
Carvana’s big rally is now looking more like a blip on the radar. Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news that it expected to post $50 mil...
5 Best Free Cryptocurrency Cloud Mining Sites in 2023 – Daily Payouts
Cryptocurrency cloud mining is a significant global trend. It’s becoming more and more popular because it doesn’t call for expensive technology or specialized skills. Today, anyone may buy hash power ...
TUSD Serious Plunge After Mining Stop Notice
Key Points: TUSD is in the midst of the most severe de-anchor against BUSD and USDC. Yesterday, TrueUSD announced it to stop providing mint service through Prime Trust amid rumors that this company is...
TaxBit Layoffs 40% Of Workforce After $130M Valuation Boost
Key Points: TaxBit lays off 80 employees amid crypto industry downturn and regulatory pressure. The firm was valued at over $1.3B after Series B funding but had to make cutbacks due to economic condit...
What’s Next for Bitcoin (BTC), Ethereum (ETH), & Ripple (XRP) Prices in the Coming Week?
Bitcoin (BTC) Price Analysis The Bitcoin price witnessed a massive dump of over 3.38% in the past 24 hours, dragging the global market cap by nearly 6%, which is approaching the $1 trillion mark. The ...
Bitcoin: Will bearish sentiment let up next week?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. A shorting opportunity could present itself amids...
Oil Has a Pricing Disconnect—and a Trust Issue
Illustration by Elias Stein Text size Oil prices fell 1.8% this past week even after OPEC and its allies extended production cuts through 2024 that have taken 3.5 million barrels a day off the oil mar...
‘Black Swan’ author Nassim Taleb lashes out at Bitcoin and says it’s ‘transformed into a cult’
Bitcoin is an ineffective cult that not even “bad guys” want to join anymore, said the author of The Black Swan, a bestselling book on the extreme impact of outlier events. Cryptocurrency falls short ...
Hong Kong Web3 Industry Faces Up To 100,000-Person Talent Gap Crisis
Key Points: Hong Kong Web3 industry is experiencing a significant talent gap, hindering its growth and development. Legislative Council member Wu Jiezhuang intends to incubate 1,000 Web3 companies in ...
China Declares Support for Massive BRICS Expansion As Countries Push to Challenge US Dollar
China says it’s fully backing a major expansion of the global economic alliance known as BRICS. The country is ready to “bring more like-minded partners” into BRICS, which currently consists of Brazil...
Tesla’s Record Run Drives Nearly $200 Billion Jump in Value
(Bloomberg) — The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullis...
SEC Seeks To Take Satoshi Nakamoto To Court With Lawsuit Against Bitcoin
Key Points: According to a source from famous cryptocurrency trader Ash Crypto, the SEC has just filed a lawsuit against Bitcoin and wants Satoshi Nakamoto to appear in court. The Sec once asserted th...
FTX authorized to ‘permanently redact’ customer names from all bankruptcy filings
Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. Meanwhile, the names of companies and institutional inves...
Coinbase CEO Reveals Tense Relationship With SEC Chairman Gensler
Key Points: Coinbase CEO Brian Armstrong hopes for changes in U.S. crypto regulatory policies after the 2024 U.S. election. The Republican Party’s friendliness to cryptocurrencies is a positive sign f...