Bitcoin Financial News
14.06 / 16:41
business
coinbase
Job
Bitcoin
Crypto exchange Coinbase slashes staff by 18% amid bear market
Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a "difficult decision" to reduce the size of the Coinbase team by about 18% due to a starting economic recession.
14.06 / 16:41
business
Adoption
Binance
Bitcoin
Binance aims to become a super app with Splyt crypto partnership
The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency.
14.06 / 16:33
FIVE
coinbase
Gemini
Bitcoin
Coinbase to lay off 1100 employees
Coinbase had already put in place a hiring freeze and rescinded a host of accepted job offers.The news comes as crypto markets are in freefall. Yesterday, bitcoin crashed to its lowest level since December 2020 after one of the crypto-economy's largest lenders, Celsius Network, suspended withdrawals on Sunday.Bitcoin is currently trading at around $22,000, down from an all-time peak of nearly $65,000.Yesterday, BlockFi said it is cutting about 20% if its staff, while Crypto.com said it will axe five per cent of its workforce.
14.06 / 15:51
cryptocurrency
coinbase
layoffs
Crypto Exchange
Bitcoin
Coinbase lays off 18 percent of its employees, CEO Brian Armstrong says the exchange 'over-hired' in 2021
As the crypto crash gets worse with Bitcoin at around $21,900, the world's third-largest cryptocurrency exchange Coinbase said on June 14 that the company will lay off 18 percent of its employees.
14.06 / 15:45
UPS
Digital
Bitcoin
Novogratz says crypto going through a 'Long Term Capital Management moment' but nearing a bottom
Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s.
14.06 / 15:45
14.06 / 15:43
Ethereum
cryptocurrency
Bitcoin
Low
week
Bitcoin tumbles to 52-week low; El Salvador minister unperturbed
Prices of Bitcoin, the world’s largest cryptocurrency by market capitalisation, briefly slipped below $21,000, its 52-week low.
14.06 / 15:29
Ethereum
MARKET
DAI
Bitcoin
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing a growing problem with ETH tokens it has staked on Ethereum 2.0.
14.06 / 13:58
business
Adoption
Taxes
Bitcoin
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.
14.06 / 13:53
Gemini
Investment
Bitcoin
Celsius Problems Impact Nuri's Bitcoin Interest Accounts
With the massive downturn fueled by major crypto lender Celsius (CEL) continuing to roll over numerous crypto businesses worldwide, German crypto bank Nuri has announced that its bitcoin (BTC) interest accounts are affected due to their reliance on Celsius.
14.06 / 13:45
Digital
ICE
Bitcoin
fall
Digital asset firms ice deals amid crypto fall
Plunging cryptocurrency prices are starting to throw a wrench into the plans of firms that deal in bitcoin and related areas, amplifying the impact of an already brutal market retreat.
14.06 / 13:37
Waves
Digital
SUN
Bitcoin
USDD, USDN lose their $1 peg; another UST fiasco-like event on the cards?
The ongoing crash in the cryptocurrency market witnessed a heavy amount of sell-offs across the market. Bitcoin and altcoins, both saw massive liquidations amounting to millions on a daily basis. Clearly, the digital assets market has been struggling to exit the death spiral fueled by inflation data and funds outflow.
14.06 / 12:43
Binance
Trading
Exchange
Bitcoin
network
Withdrawals
Bitcoin Network
Binance Shares What Caused Backlog on Bitcoin Network, Resumes BTC Withdrawals
Major crypto exchange Binance has shared that they had been repairing "minor hardware failures" yesterday, which resulted in "a stuck transaction", which then caused a backlog on the Bitcoin (BTC) network and led to the company pausing BTC withdrawals for about three hours.
14.06 / 12:33
14.06 / 12:05
cryptocurrency
World News
Bitcoin
Bitcoin stems heavy losses but pessimism reigns in crypto markets
Bitcoin steadied on Tuesday after initially falling to a new 18-month low as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class.
14.06 / 11:45
Digital
Assurant
Bitcoin
Returns
Bank of England fintech chief to ‘crypto bros’: Don’t confuse actual money with returns
The Bank of England’s head of fintech lashed out at the crypto industry, and assured potential investors that any bank-issued digital currency would be the “safest form of money available”.
14.06 / 10:59
Software
MicroStrategy
Bitcoin
Bitcoin fall
fall
MicroStrategy stock plunges 25% on bitcoin fall
Shares of MicroStrategy tumbled 13 June as investors fretted over what a brutal selloff in cryptocurrencies would mean for the software company’s finances.
14.06 / 10:57
markets
Ethereum
Bitcoin
Bitcoin Price
BTC price crashes to $20.8K as 'deadly' candles liquidate $1.2 billion
Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets.
14.06 / 10:33
Lowe's
Booking
Action
Immunic
Bitcoin
Here’s how Tron’s [TRX] 18% intra-day crash affected market participants
The emerging cryptocurrency took a fatal hit today after Tron [TRX] lost the peg for its stablecoin USDD. Consequently, following the depegging, the altcoin began freefalling as well, and at the time of writing, the cryptocurrency was trading at $0.06, almost 18% below its opening price.
14.06 / 09:11
Mining
regulation
New York State
Bitcoin
NYC Mayor Eric Adams speaks out against PoW mining ban legislation
New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years.
14.06 / 08:01
cryptocurrency
Jobs
layoffs
Bitcoin
Amid market rout, Crypto.com, BlockFi lay off staff
With the cryptocurrency markets falling nearly 200 percent from their all-time highs last November, major companies, including Crypto.com and BlockFi, have announced layoffs from their workforce.
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