Coinbase To Terminate 1,100 Employees As Crypto Market Bleeds
Coinbase the largest crypto exchange in the United States is set to terminate 1,100 of its total of 5,000 workers The recent crypto crash has had a tremendous effect on the general crypto market. Some crypto companies such as Coinbase are taking the bold step of laying off some of their workers. Coinbase To Lay […]
Three Arrows Capital swaps $33M Staked ETH for Ethereum
Three Arrows Capital (3AC), a venture capital firm, has swapped $33 million worth of Lido Staked Ethereum (stETH) for Ethereum as stETH values in secondary marketplaces diverge further from ETH pricing. Since last week, Three Arrows capital is the second large holder of stETH to dump the coin. Last Monday, crypto trader Alameda Research exchanged […]
Cardano, XRP See Institutional Inflows After BTC, ETH Crash
Cardano (ADA) and XRP saw slight institutional inflows after Bitcoin (BTC) and Ethereum (ETH) recorded low prices Bitcoin, ETH Face Institutional Outflows Cardano and XRP saw tiny positive inflows in comparison to Bitcoin and Ethereum’s massive outflows. Coinshares reported negative outflows of $102 million in the previous week, indicating that negative sentiment continues to dominate […]
Opensea Bolsters Security To Prevent NFT Scams And Fraud
Opensea rolls out features to hide suspicious NFT transfers as NFT trading volume decreases in the marketplace. On Tuesday, the largest NFT marketplace, OpenSea, announced the implementation of a new tool to combat the growing amount of NFT scams, fraud, and hacking on OpenSea. To address core trust and safety issues on OpenSea, the new […]
Exodus Is Committed To Pay Staff Salaries In Bitcoin – Exodus CEO Says
CEO JP Richardson revealed that since the launch of Exodus’ software wallet in 2015, the company has paid its entire workforce in Bitcoin. Despite the continuing bear market, Exodus continues to pay its staff in Bitcoin (BTC), despite the whole market cap falling below $1 trillion on Monday. Exodus has paid its employees entirely in […]