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CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
29.7.2022
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange
Foundry Starts New Service to Reduce Supply-Chain Lag for Bitcoin Miners
28.7.2022
The DCG subsidiary aims to lower time and costs related to deliveries of mining computers for its clients
Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030
14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...
Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan
7.7.2022
The crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins
Tether continues to reduce commercial paper in sharp reduction since March
1.7.2022
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
21.6.2022
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan
Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M
21.6.2022
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate...
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
20.6.2022
Cryptocurrency exchange Bybit is to cut its workforce by as much as 30% in response to its business not growing at the same rate as its headcount, according to a report
Exchange argentino Buenbit reduce 45% de su personal por recesión en la industria tecnológica
24.5.2022
La empresa se enfocará en sus operaciones actuales en Argentina, México y Perú, y pondrá freno al plan de expansión a otros países
ADDX bags $58M to reduce min. private investment by 10x via smart contracts
24.5.2022
ADDX uses blockchain technology and smart contracts to tokenize and fractionalize private markets, including pre-IPO equity, private equity, and hedge funds and bonds
Will the Ethereum 2.0 update reduce high gas fees?
14.5.2022
Ethereum’s gas fees have long been an issue among its users. Will Ethereum 2.0 finally eliminate this problem?
PancakeSwap Aims to Reduce Cake Supply and Increase Farming Rewards
12.5.2022
A governance proposal centered around tokenomics has been put forth by Pancakeswap, the largest DeFi application on the Binance Chain
Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets
4.5.2022
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)...
Read More: Fed Targets Inflation With Expected Half...
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia
22.4.2022
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia. Ukraine Citizens...
Most Surveyed US Financial Advisors Plan to Raise Crypto Allocations, 0% Plan to Reduce - Nasdaq
12.4.2022
Among advisors already investing in crypto, nearly 90% expect to increase their allocations over the next 12 months, while 0% report plans to decrease, according to a recent survey by the New York-based Nasdaq stock exchange. On average, advisors currently investing in crypto - or considering to...
Market Wrap: Altcoins Underperform as Traders Reduce Risk
6.4.2022
Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well
Crypto tax rules will reduce US budget deficit by $11B over ten years — White House
28.3.2022
The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target
21.3.2022
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and...
Ethereum traders reduce their bullish bets as ETH struggles reclaim $3K
8.3.2022
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end
DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report
18.2.2022
“If DeFi aims to reduce regulatory risk, the form of DeFi governance will gradually become a DAO,” writes KuCoin Labs in its annual report