Blockchain.com Dismisses 25% of Workforce as It Absorbs Financial Losses and Survives Bear Market
Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations.
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Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations.
In the company’s letter to investors, Tesla executives stated that the company sold 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet.
Bankman-Fried has assured that they will keep growing with new staff just as they did in the better market days.
zkSync will support scripting languages for EVM-based apps such as Solidity and Vyper. The mainnet launch for zkSync 2.0 shall happen before the end of 2022.
The SEC has filed objections against XRP holders and attorney John E Deaton who are aiding Ripple in its defense against the regulator.
The Solana Launchpad will also focus on enhancing the collectors’ experience. OpenSea said that they will also help creators navigate through all pre-mint activities.
Minecraft plans to block the use of its in-game assets such as skin packs, mods, and personal items to create digital collectables.
Tesla’s recent Q2 report reveals that the EV company sold $936 million in Bitcoin to help with COVID-triggered liquidity concerns.
Authorities in South Korea have cracked down on several business related to the Terra collapse of the UST and LUNA tokens.
The UK Treasury Department had earlier called for regulations for only those stablecoins that are pegged to a fiat currency.
Despite seeing its highest vehicle production month in history, Tesla also saw its automotive gross margin fall for the first time in a long while.
As revealed by the platform, the equity offering will be opened to all investors across a wide range of jurisdictions.
Amid the crypto market downturn, Swiss crypto ETP issuer 21Shares is now offering investors low-risk exposure via its BTC & ETH ETPs.
Despite a bleak outlook, Novogratz believes that the Bitcoin “store-of-value” appeal will see it rise to $500K in five years.
Bitcoin has moved past its crucial resistance of 200-week EMA. But BTC needs to form a daily and weekly candle above it to confirm the uptrend.