In a significant move that has prompted discussions within the blockchain and cryptocurrency communities, dYdX—a Swiss-based decentralized trading platform—has announced a notable 35% cut to its core workforce. This decision, articulated by CEO Antonio Juliano in a post shared on the platform’s X account, raises critical questions regarding the strategic direction and long-term viability of
Crypto
The Austrian cryptocurrency exchange Bitpanda is reportedly contemplating an initial public offering (IPO) in Frankfurt, Germany, which could elevate its valuation to at least $4 billion. This speculation, first brought to light by Bloomberg on October 28, indicates an important shift for the company, which has rapidly evolved since its inception in 2014. Key investment
Bitcoin’s trajectory has captured global attention recently as it experiences remarkable fluctuations in pricing. The cryptocurrency reached a tantalizing peak of $73,600 on October 29, only to retract slightly to $72,200 shortly afterward—still an impressive figure that hints at potential new all-time highs. Analysts across the spectrum of the cryptocurrency space are cautiously optimistic, debating
As industries around the world evolve, the need for effective regulation becomes increasingly paramount, especially in the realm of digital currencies. At the recent Binance Blockchain Week in Dubai, Jeremy Allaire, CEO of Circle, underscored the remarkable transformation in global regulatory attitudes towards cryptocurrencies and stablecoins. His commentary reflects a growing optimism that many regulatory
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an astonishing inflow of $872 million, marking the highest single-day record since its inception in January. This remarkable achievement comes on the heels of heightened trading activity, with the fund’s daily trading volume climbing to $3.35 billion—the most substantial volume seen in over six months. As
Polymarket, a prominent player in the realm of blockchain betting, has garnered attention as a potential indicator of electoral outcomes. However, recent investigations have cast doubt on the reliability of its odds, raising concerns over the integrity of its trading practices. This skepticism is underscored by a report from Fortune, which highlights findings from two
Maximiliano Pilipis, a former resident of Noblesville, Indiana, has recently been swept into a legal maelstrom following the indictment by a federal grand jury on multiple serious charges, including five counts of money laundering and two counts of failing to file tax returns. This case serves as a glaring example of the dark underbelly of
In a striking development, the Royal Government of Bhutan has taken a decisive step into the cryptocurrency realm by transferring 929 BTC to the popular crypto exchange Binance. This move occurred shortly after Bitcoin’s price surged past the $70,000 mark, a notable rebound since its last peak in June. The incident was highlighted by Lookonchain,
In a significant move that signifies the evolution of customer loyalty programs, Circle, a notable stablecoin issuer, has entered into a Memorandum of Understanding (MOU) with HKT, a prominent player in the technology, media, and telecommunications sector. This collaboration aims to harness the power of blockchain technology to enhance the loyalty solutions existing within Hong
On October 29, Visa announced a significant partnership with Coinbase, marking a pivotal moment in the convergence of traditional finance and cryptocurrency. This collaboration aims to facilitate real-time transactions between standard banking practices and crypto services through the Visa Direct network. This initiative is not merely a financial upgrade; it represents a broader recognition of