Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
The firm cited difficulty in achieving “net positive cash flow,” in making the decision. Go to Source
Cryptocurrencies
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Elon Musk’s X platform faces backlash over XRP account suspension
Crypto Eri, a prominent figure in crypto, contacted Elon Musk on X, seeking clarification about the account suspension. Go to Source
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said. Go to Source
Binance spot market share drops for 7th consecutive month: Report
Binance’s lost spot trading volume has been reportedly distributed among exchanges like HTX (formerly Huobi), Bybit and DigiFinex. Go to Source
Nearly half of crypto users invest to boost living standards: Report
A survey from crypto exchange Bitget featured more than 1,500 respondents across 20 countries. Go to Source
Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says
Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. Go to Source
Crypto VC funding falls to 3-year lows as market rout continues
Venture capitalists are doing fewer deals and the average deal size is getting much smaller, according to researchers. Go to Source
Hong Kong Stock Exchange launches settlement platform powered by smart contracts
Dubbed “Synapse,” the platform will accelerate trades placed by international investors for Mainland Chinese stocks. Go to Source
Polygon co-founder steps down, will contribute ‘from the sidelines’
Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago. Go to Source
Bitcoin mining restricted to legal entities in Uzbekistan: Official
Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated. Go to Source