Mastercard to allow 2.9B cardholders to make direct NFT purchases
Card payments for NFTs were first announced in association with Coinbase’s latest NFT marketplace in January. Go to Source Powered by WPeMatico
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2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down
2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position, and reducing its operative expenses. … Read more
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s … Read more
Major crypto firms reportedly cut up to 10% of staff amid bear market
Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018. Go to Source Powered by WPeMatico
Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’
Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims. Go to Source Powered by WPeMatico
Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests
Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet. Go to Source Powered by WPeMatico
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, … Read more
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations … Read more
Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100
U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category. Go to Source Powered by WPeMatico
Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges
Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin. Despite the recent increase of bitcoin sent to trading platforms, the number of bitcoins on exchanges today remains lower than ever before. Bitcoin … Read more