Flowcarbon, a blockchain-enabled carbon credit trading platform cofounded by WeWork founder Adam Neumann, announced on Saturday that it has postponed the launch of its token due to slowing operations ...
Tag: Downturn
How to Run Lean During a Downturn
Crypto winter has a silver lining. Great companies are born in the bear market, says George Narita, Founder and CEO of Aurora 42. Web3 is not exactly having a great few weeks. Its critics are declarin...
Polkadot’s Network Usage Remained Consistent in Q2 Despite Market Downturn: Report
Blockchain analytics platform Messari has published a detailed report on Polkadot’s performance in Q2, 2022, analyzing different aspects of the protocol, including market valuation, network usage, dev...
DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional. As the crypto winter drags on, savvy crypto investors have realized th...
OpenSea Lays Off 20% of Its Staff to Prepare for ‘Prolonged Downturn’
Top NFT marketplace OpenSea has laid off roughly one in five of its employees. CEO Devin Finzer shared via Twitter on Thursday that the company is parting ways with approximately 20% of its workforce...
NFT Marketplace OpenSea Cuts Staff By 20% Amid Market Downturn
The bear market has negatively affected the staffing levels at several major crypto firms, and the latest to suffer under the carnage of the price drops is the world’s leading non-fungible token (NFT)...
Crypto Mergers Keep Pace With 2021, Despite Market Downturn
The crypto has lost 70% of its total market capitalization in 2022 with the price of Bitcoin and other large cryptocurrencies crashing by over 40% in the past two months alone. The downside price acti...
Future of Singapore Crypto Hub Shaken by Market Downturn
Singapore’s future development as a cryptocurrency hub has been placed in doubt by the recent downturn in the global markets. Crypto and blockchain companies in Singapore received $1.48 billion in inv...
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Topline Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest...
BTC/USD Extends Downturn After Stops Elected Below 21005: Sally Ho’s Technical Analysis 12 July 2022 BTC
Bitcoin (BTC/USD) extended its recent pullback early in the Asian session as the pair failed to sustain recent gains and tested the 20546.77 level, representing the 50% retracement of the recent appre...
Cardano price analysis: ADA travels low as bears cause a downturn towards $0.449
The latest Cardano price analysis shows a decreasing trend as the bearish momentum seems to be intensifying in the last 24 hours. The past weeks proved crucial for cryptocurrency’s progress, as the pr...
Here’s why the crypto downturn isn’t the end for DeFi
After an explosive 2021, the recent downturn has left a bitter taste for crypto investors, not least those who went heavy on DeFi. Since the market peaked in November 2021, investors had pinned their ...
Most of the downturn in crypto is attributable to macro factors – Coinbase Research
Coinbase Institute published a blog on crypto prices, which states that experts believe that cryptoassets will become further correlated to the existing financial system. Coinbase Institute published...
Bullish.com to Layoff Staff amid Market Downturn
Cryptocurrency exchange Bullish.com has joined other crypto companies in making layoffs to tackle the massive market downturn. According to The Block, a source said that less than 30 Bullish staff mem...
Bank of England Calls For Stricter Crypto Regulation Amid Market Downturn
The Bank of England (BoE) is calling for stricter regulations on crypto after the recent market downturn to safeguard against the potential financial stability risks they could pose. BoE Calls for Str...
Ethereum Gas Fees Drop To Record Low As Market Downturn Continues
Ethereum’s gas fees have plummeted, hitting a 20-month low as the market downturn saw a sharp decline in user activity. The market slump has resulted in a significant reduction in network congestion, ...
India’s This Stance Over Crypto Might Have Saved It From Downturn
The global cryptocurrency market has registered a broad sell off over the past few months. The biggest of the digital tokens’ prices have dropped by around 60% since the beginning of the year. India’s...
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld, a crypto lending and exchange firm headquartered in Singapore, announced on Monday that it has suspended withdrawals, trading, and deposits on its platform, citing the current “financial challe...
Gas Fees on Ethereum at its 19 months low – Good News or market downturn effect?
Since the Ethereum network received wide adoption, it has been facing issues in terms of gas fees, which are now at relatively low levels For those who have known crypto space for a while now and unde...
Ethereum Gas Fees Hit 20-Month Low Amid Market Downturn
Key Takeaways Ethereum gas fees have hit a 20-month low as the market declines. The average transaction fee on Ethereum is currently just over $2. While the market slump has reduced network congestion...
Shiba Inu Holders’ count rising despite market downturn; is this a Bullish Signal?
Interesting to see that Shiba Inu’s price drop is not deviating investors from accumulating SHIB tokens This does not happen very often when people are holding an asset despite its price either droppi...
Circle denies rumors USDC stablecoin is troubled amid market downturn
Circle’s founder and CEO Jeremy Allaire tweeted a thread of statements and linked blog posts on Saturday addressing rumors that the company’s USDC stablecoin was near collapse amid the crypto market d...
Coinbase Plans Expansion into Europe amid Market Downturn
Nasdaq-listed cryptocurrency exchange Coinbase Global Inc has announced its plans to expand its operations in the European Union and the United Kingdom despite the ongoing market downturn. According ...
NFT Sales Stave off Crypto Market Downturn
Crypto economy saw more losses over the last seven day Ethereum saw the most NFT sales this week At the time of writing approximately $154,366,090 in NFT sales were recorded across 18 different blockc...
The Crypto downturn may have declined NFTs prices, but not supporters’ trust in them!
Many proponents of digital artworks like Snoop Dogg remain bullish, despite the pathetic condition of the crypto and NFTs market. Looking at the growing popularity and widespread adoption of digital a...
NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $152.9 million in NFT sales were recorded ac...
A Possible Way Out In A Cryptocurrency Downturn
Most people in the crypto market expect their investments to be double or triple in value from their purchase price; admittedly, earning profit is one of the primary motivations of any investor or tra...
The Crypto Market downturn turned out to be a loss of millions, even for North Korea!
Although the ongoing market crash is not at all good for investors, they might see a silver lining in millions of losses are also there for North Korea Many reports have come out depicting the value l...
Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massi...
Coinbase plans European expansion as crypto downturn continues
Crypto exchange Coinbase plans to expand its operations in Europe and is actively registering in key European countries, including Italy, Spain, France, and the Netherlands, Bloomberg News reported Ju...
These companies hopped on the crypto train when times were booming. Which are exposed in a downturn?
During recent cryptocurrency booms, companies have been quick to jump on the trend, whether by reorienting their entire businesses around the buzzy theme, building meaningful crypto features alongside...