Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) –…
Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage.
The government fears more Bitcoin miners could come online as Bitcoin’s price increases, applying increased stress to electricity grids.The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency…
USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023.
A total of $5.4 billion is now in Tether’s surplus reserves, an increase of $2.2 billion.This is according to its latest attestation report by global auditing company BDO. Tether, the…
Ethereum Faces Downturn as Selling Pressure Erodes Recent Price Gains.
If the price manages to go below $2244 level, then it will likely test $2179 support level. At the time of writing, Ethereum is trading at $2270, down 1.56% in…
FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts.
FTX pledges full customer reimbursement but announced no plan to restart the platform. FTX’s native token, FTT, surged then sharply declined in response to the restitution plans. FTX, the troubled…
Two Times in Two Months: Jack Dorsey’s Block Layoffs Staffs Again.
Block has laid off more employees in line with its goal to trim its workforce to 12,000 by the end of 2024. Block Inc., a fintech company co-founded by former…
Amateur Bitcoin Holders Who Sold Their Assets Because of Bears Pressure Losses as Bitcoin Whales Bought their BTC
The latest sell-off by short-term Bitcoin holders could suggest that the market is gearing up to continue upward.Bitcoin gained a little over 3%, pushing its worth to $43.8k, with an…
SEC Faces Sanctions in Court Over Another Crypto, Files for Dismissal.
According to court documents, the SEC misrepresented evidence and may face sanctions for doing so.DEBT Box, a company that primarily provides users of its services with crypto mining software, was…
Visa Partners With Transak Enabling Instant Bitcoin and other Crypto-To-Fiat Conversions.
The partnership makes converting funds from crypto to fiat much easier for users of several popular crypto wallets.Transak – a leading infrastructure provider for crypto-to-fiat conversions – has partnered with…
Ethereum Co-founder Vitalik Buterin Explores Crypto and AI Integration.
Vitalik Buterin simplifies the complex dynamics by classifying it into four separate categories. Buterin presents the concept of AI as the governing body, with AIs embedded inside DAOs.Co-Founder of Ethereum…