Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The Stablecoin bill passed by Japanese lawmakers is bound to take effect 12 months from now, and irrespective of these delays, the bill will still make the Asian giant the first to pioneer this area of the growing blockchain ecosystem.
The representative noted that the Facebook COO purchased 48 million restricted stock units, options, and shares while she served at the technology company.
In February, Dubai announced its first crypto regulation, making it illegal for anyone to deal with crypto assets without VARA approval.
Balancer worked along with decentralized investment platform Conjunction X to deploy a decentralized exchange (DEX) that will compete within the Optimism ecosystem.
Canonical kept its fund size small following the officials’ decision to concentrate on pre-seed and seed investments.
The Weeknd stated he was enthralled by Binance’s user focus and novel tech, noting that the company is all about community.
The Coinbase chief legal officer said that customers’ funds are safe with the company and will always be.
Gemini issued a memo to all its staff nationwide notifying them of an impending layoff to help the company survive the bear market.
El Salvador finance minister revealed that the country is not ready for a Bitcoin bond, blaming the Ukraine war for current market conditions.
Tesla as one of the highest valued tech stocks in the United States has taken a very massive beating in recent times, plunging by as much as 27% in the year-to-date period.
Lululemon Athletica said its gross profit increased by 24 percent to $870.4 million, whereas its gross margin decreased 320 basis points to 53.9 percent.
The announcement comes just two weeks after Coinbase launched an initiative to cut down on spending in an effort to grow revenue. As its Q1 2022 results have shown, the exchange incurred a net loss of $430 million in its first-quarter earnings as well as saw its stock plunging.
In response to the lawsuit, Gemini said the company has always been open to constructive regulations and is ready to prove that it is ever abiding by existing rules and regulations governing the nascency of the product categories it offers to investors and traders.
Users will be able to obtain the NFTs through giveaways, a presale, and minting.
The ongoing macroeconomic events have a massive toll on the price of cryptocurrencies, and according to Arthur Hayes, there may still be more downsides to watch out for.