BlockFi Will Lay Off 20% Of Its Staff
Cryptocurrency lending company BlockFi is shedding around 20% of its workforce as the business deals with a sharp decline in digital currency and heightened fears...
The Crypto Market Is Dyed Red, Is It Time to Buy or Sell?
by Jai Hamid
Today, the crypto market hit a new low for the year. Market capitalization has dropped from $1.10 trillion to $1.02 trillion since yesterday’s close. Nearly...
Do Kwon Refutes Claims He Cashed Out $2.7B before Terra’s Implosion
by Jai Hamid
Do Kwon, the infamous inventor of the Terra (LUNA) blockchain, has resorted to Twitter to deny recent accusations that he took out $2.7 billion prior...
Do Kwon Discusses the State of Terra 2.0 and Next Steps
by Jai Hamid
Do Kwon addressed a number of Terra 2.0 concerns in a series of tweets released on June 9th. It all starts with a pledge to...
Sen. Pat Toomey Says Fed Canceled Fintech Master Account
by Jai Hamid
According to Reuters’ report from Thursday, United States Senator Pat Toomey is seeking explanations on the revocation of a master account for the FinTech Reserve...
New York State Issues New Guidance For Stablecoins
by Jai Hamid
Financial regulators in New York State have published recommendations for the use of dollar-backed stablecoins corporate bonds subject to DFS regulation....
Jamaica CBDC Coming Soon
by Jai Hamid
The legalization of the CBDC by the Bank of Jamaica (BoJ) is part of the bank’s effort to diversify the island’s economy away from cash....
CFTC Introduces New bill to Regulate Cryptocurrencies
by Jai Hamid
A widely anticipated Senate plan to put the unregulated cryptocurrency market under government control would benefit the industry by elevating the Commodity Futures Trading Commission...
PayPal to Allow Crypto Transfers Between Wallets and Exchanges
by Jai Hamid
Users of PayPal who have Bitcoin and Ethereum on the site may now withdraw them to external wallets. This enables PayPal purchasers to finally self-store...
New York Bill Limits Crypto Miners’ Fossil Fuel Use
by Jai Hamid
By signing a two-year prohibition on the use of fossil-fuel power plants to produce electricity for cryptocurrency mining, the New York State Legislature has made...