Category Archives: Cryptocurrencies Market

Coinbase cuts roughly 1,100 jobs amid fears of a ‘crypto winter’

Coinbase is retracting job offers amid hiring freeze The crypto company is also extending the pause on new jobs. J. Fingas @jonfingas June 3, 2022   Sheldon Cooper/SOPA Images/LightRocket via Getty Images Coinbase isn’t just freezing new hires as it grapples with a rough cryptocurrency market. Protocol says Coinbase is now rescinding some of its … Continue reading Coinbase cuts roughly 1,100 jobs amid fears of a ‘crypto winter’

Cryptos drop today as Powell signals upcoming 50bps rate hike

Alejandro Arrieche Last updated: 22 April 2022 Cryptocurrencies and other risky assets are dropping this morning following hawkish remarks from the head of the United States central bank – the Federal Reserve – that hinted to policymakers possibly eyeing a 50 basis points rate hike during their next meeting. The head of the Fed, Jerome … Continue reading Cryptos drop today as Powell signals upcoming 50bps rate hike

Binance Carries Out 19th Token Burn Worth $741 Million

Alejandro Arrieche Last updated: 20 April 2022 The popular cryptocurrency exchange Binance just announced that it completed its 19th token burn for a total of 1.84 million BNB tokens whose market value is approximately $ 741.84 million. According to data compiled by CoinMarketCap, the current circulating supply for BNB stands at 165.12 million which means … Continue reading Binance Carries Out 19th Token Burn Worth $741 Million

MicroStrategy’s Saylor Says Its Bitcoin Initiative Has Been A “Tremendous Success”

Alejandro Arrieche Last updated: 16 April 2022 The head of the world’s largest institutional crypto investor, Michael Saylor, recently qualified its investment strategy consisting of purchasing huge amounts of Bitcoin on behalf of its company MicroStrategy as a “tremendous success”. These comments were embedded within a letter directed to MicroStrategy’s shareholders ahead of the Annual … Continue reading MicroStrategy’s Saylor Says Its Bitcoin Initiative Has Been A “Tremendous Success”