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CoinFLEX Lays Off a Significant Portion of its Team to Reduce Costs by 50 – 60%

John P. Njui·July 29, 2022

CoinFLEX Lays Off a Significant Portion of its Team to Reduce Costs by 50 - 60% 12

Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained...

Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report

Naga Avan-Nomayo·July 28, 2022

Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled...

KuCoin Will Launch a New Fund to Fight FUD, Says CEO

John P. Njui·July 26, 2022

KuCoin Will Launch a New Fund to Fight FUD, Says CEO 13

Summary: KuCoin CEO, Johnny Lyu, has announced that the exchange will launch an anti-FUD fund. The fund will focus on educating the global community on how to spot FUD. The focus will also be on motivating...

Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances

John P. Njui·July 26, 2022

Bitcoin's 'Kimchi Premium' Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances 14

Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea...

Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls

Naga Avan-Nomayo·July 25, 2022

Bitcoin dips as the crypto markets anticipate the FOMC meeting.

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

John P. Njui·July 22, 2022

Bitcoin's $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex's Hayes 15

Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different....

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

John P. Njui·July 22, 2022

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal 16

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the...

Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

John P. Njui·July 21, 2022

Summary: The US Attorney’s Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on...

Elon Musk’s $1 Billion Bitcoin Sale From Tesla’s Bag Is A Drop In The Ocean – Binance Chief CZ

Naga Avan-Nomayo·July 21, 2022

75% of Tesla's Bitcoin sold as the company navigates lockdowns in China.

Coinbase Distances Itself from Three Arrows Capital, Celsius, and Voyager, Says it Has no Exposure

John P. Njui·July 20, 2022

Coinbase Distances Itself from Three Arrows Capital, Celsius, and Voyager, Says it Has no Exposure 17

Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto...

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

John P. Njui·July 20, 2022

Bitcoin Could Gain Another 18% After Breaking $24k - BTC Analyst. 18

Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could...

Bitcoin May See Another 5 – 6 Months of Downward or Sideways Price Movement – Grayscale Report.

John P. Njui·July 19, 2022

Bitcoin May See Another 5 - 6 Months of Downward or Sideways Price Movement - Grayscale Report. 20

In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their...

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Ethereum coders reached consensus on Shanghai update

FTX Hacker Becomes 35th Largest Holder Of Ethereum After Panic Purchasing Approx. $50M of $ETH

Ethereum Daily Trading Volume On Uniswap Up 80% Amid FTX Contagion

Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%

Bitcoin Could Have Found Its Bottom At $20,000 Level: Glassnode Report

Bitcoin’s Whitepaper Anniversary: 14 Years To Transform the Exchange of Value

Tether ($USDT) Hits Back At Bloomberg For Report Over Renewed Fraud Probe

SushiSwap Votes In Favor Of Landmark Restructuring Proposal

Celsius Investment Funds And Customers To Fight Over Who Gets To Cash In On Company’s Assets

Luxury Watchmaker Rolex Files Applications for Metaverse, NFT Trademarks

BREAKING: SOL Price Skyrockets 16% As Google Cloud Announces A New Block Producing Solana Validator To Participate In Network’s Validation Process

DappRadar Notes An 18% Monthly Increase In Unique NFT Traders: Is Crypto Winter Finally Warming Up to NFTs?

Amazon Taps The Russo Brothers For TV Series About The FTX Saga

Ethereum coders reached consensus on Shanghai update

Ethereum developer ConsenSys said Infura stores IP addresses from MetaMask users

XPLUS Announces DEX Listing & Public Beta Launch of First SocialFi App

Ripple ($XRP) Achieves Huge Milestone With Deployment of Ethereum-based Smart Contracts for XRPL Sidechain

Blockchain.com Investors Remain Undeterred Despite Ruthless Crypto Winter

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