Cryptocurrencies

Articles about cryptocurrencies, Bitcoin, Ethereum, altcoins, stablecoins, exchanges, brokers, the stock market, and investments in general.

Mass layoffs and sale of cryptocurrencies in Robinhood

by
Robinhood layoffs

Cryptocurrency and stock exchange Robinhood Markets recently announced that it will be massive layoffs its workforce. Specifically, it is expected to cut approximately 7% or 150 full-time jobs. This measure is implemented in response to declining customer engagement, a challenge the company has been grappling with. Commitment to operational excellence and team adjustments The company … Read more Mass layoffs and sale of cryptocurrencies in Robinhood

Iris Energy expansion plan to increase its Bitcoin mining capacity

by
Iris Energy

Institutional-grade Bitcoin (BTC) mining company Iris Energy has announced its expansion plan to increase its hash processing capacity. With the goal of reaching 9.1 EH/s (exhashes per second) from its current level of 5.6 EH/s, Iris Energy seeks to strengthen its position in the cryptocurrency market. Bitcoin mining with 100% renewable energy The company stands … Read more Iris Energy expansion plan to increase its Bitcoin mining capacity

IMF promotes the creation of a global platform for Central Bank Digital Currencies (CBDC)

by
IMF CBDC

The International Monetary Fund (IMF) is developing a global platform that aims to improve the interoperability of Central Bank Digital Currencies (CBDC). The agency considers that a general agreement is necessary to ensure that private market cryptocurrencies do not occupy its functional space. Kristalina Georgieva, managing director of the IMF, highlighted at a conference in … Read more IMF promotes the creation of a global platform for Central Bank Digital Currencies (CBDC)

eToro removes cryptos for US clients due to SEC legal action, but market looks to be recovering

by
etoro us sec

Social trading platform eToro has announced that it will delist some crypto tokens for United States clients, in response to legal action by the US Securities and Exchange Commission (SEC). Starting yesterday, US clients will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC) tokens, according … Read more eToro removes cryptos for US clients due to SEC legal action, but market looks to be recovering

United States (US) Bipartisan Stablecoin Bill

by
democrats war crypto

The US House Committee on Financial Services has introduced a bipartisan stablecoin bill, aiming to provide clarity in the digital asset market and payment stablecoin regulation. The Committee’s full hearing is scheduled for June 13 under the title “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The bill combines the ideas … Read more United States (US) Bipartisan Stablecoin Bill

Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador

by
tether bitcoin mining

Tether announced yesterday, June 5, its investment of $1 billion in the construction of the world’s largest Bitcoin mining site in El Salvador. The company participated in the first round of financing for this billion-dollar project, focusing on investing in renewable energy to support Bitcoin mining. The mining site will harness the country’s volcanic energy … Read more Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador

Cryptocurrency Expert Predicts Bitcoin (BTC) Going Towards $ 300 000

by
Trade Cryptocurrency Profitably

Renowned cryptocurrency trader Tone Vays expresses his belief that the recent Bitcoin (BTC) correction is setting the stage for a prolonged bullish cycle in the market. In a strategy session addressed to his 123,000 YouTube subscribers, Vays notes that Bitcoin’s current consolidation indicates that the cryptocurrency is likely to follow a path that leads to … Read more Cryptocurrency Expert Predicts Bitcoin (BTC) Going Towards $ 300 000

The challenge of the century? The BRICS currency threatens the supremacy of the US dollar

by
brics us dollar

The proposal for a BRICS cross-border currency has generated interest and discussion among the nations that make up this group: Brazil, Russia, India, China and South Africa. According to a report by China’s Global Times, Zhou Yu, director of international finance research at the Shanghai Academy of Social Sciences, sees this initiative as a significant … Read more The challenge of the century? The BRICS currency threatens the supremacy of the US dollar

SEC Alert! Filecoin in the Crosshairs: Could FIL Tokens Be Considered Securities?

by
fil securities

The United States Securities and Exchange Commission (SEC) has intervened in the Filecoin (FIL) case and has issued a warning to Grayscale, the cryptocurrency manager, noting that these tokens could be considered securities. This is the latest in a series of disputes involving cryptocurrency-related companies. In response to the SEC warning, Grayscale, a subsidiary of … Read more SEC Alert! Filecoin in the Crosshairs: Could FIL Tokens Be Considered Securities?

Coinbase expands its global reach and strengthens its presence in Singapore

by
Coinbase Singapore

Cryptocurrency exchange Coinbase is considering moving overseas due to a lack of regulatory clarity in the United States. Coinbase CEO Brian Armstrong has identified the Bahamas, the United Arab Emirates, and Europe as possible locations for the company’s headquarters. Coinbase’s global expansion strategy seeks to counter the growing crackdown on cryptocurrencies by US regulators, and … Read more Coinbase expands its global reach and strengthens its presence in Singapore

A whale is discovered buying large amounts of Arbitrum (ARB) with accumulation strategy

by
Arbitrum ARB

A crypto whale investor is timely acquiring ARB tokens through the popular exchange platform, Binance. With an impressive holding of 2.5 million ARB tokens, it has created quite a stir in the market and affected the value of ARB. Through the use of Arkham Intelligence, the whale’s transaction history has been obtained. Four days ago, … Read more A whale is discovered buying large amounts of Arbitrum (ARB) with accumulation strategy

US Democrats Continue Their Secret War Against Crypto Industry While Republicans Defend It

by
democrats war crypto

In a leaked memo ahead of the House Financial Services Committee hearing on digital assets, it was revealed that US Democrats want full control over the country’s crypto industry. This includes the figure of SEC Chairman Gary Gensler, who is leading the war against crypto criminals and protecting investors and consumers from harm. Additionally, Republicans … Read more US Democrats Continue Their Secret War Against Crypto Industry While Republicans Defend It