Huobi set to layoff 30% of its staff – Report
Several prominent cryptocurrency exchanges like Coinbase have announced plans to reduce their staff during the past two months following the crypto winter, Huobi is likely to be the next on the list. It has been learned that Seychelles-based cryptocurrency exchange Huobi will soon announce a reduction in staff of more than 30%. Huobi will probably […]
Report reveals that millennials prefer cryptocurrency to mutual funds
According to the report “How Millennials See Their Financial Future”, 40% of millennial respondents had made cryptocurrency investments. Adults living in the United States were polled for a report by the investment firm Alto to learn more about their investing preferences. The findings indicated that millennials between the ages of 25 and 40 are more […]
Uzbekistan accepts Bitcoin mining only using Solar energy
In Uzbekistan, the National Agency of Prospective Projects (NAPP) made public its demand for cryptocurrency mining companies, stating that only businesses that employ solar energy would be permitted to mine Bitcoin or other cryptocurrencies. The normative act, dated June 24, on the government website outlines the confirmation of “Guidelines on the registration of the crypto […]
Celsius disputes claim that Alex Mashinsky tried to leave US
According to the company, Celsius CEO Alex Mashinsky has remained to work on restoring liquidity and operations rather than trying to flee. According to the company, struggling cryptocurrency lending startup Celsius is doing everything it can to restore operations alongside CEO Alex Mashinsky, who is now based in the United States. A spokeswoman for Celsius […]
Before BTC hit $69K, bitcoin mining revenue mirrors 2021 lows
Decline in Bitcoin mining earnings was last noted in 2021. Bitcoin miners need to maintain a balance between revenue and operating cash flow. After 1.5 years, Bitcoin (BTC) reached the $20,000 range, making mining, the most crucial task in the ecosystem, an expensive endeavor. But if the past were to repeat itself, BTC investors might […]