Coinbase to cut staff by 18 per cent as it warns of crypto winter June 14, 2022 Crypto exchange Coinbase will lay off 18 per cent of its workforce as it warned of a recession and a crypto winter. Coinbase CEO Brian Armstrong said the decision was based on the need to manage expenses and increase efficiency as the company looked to “stay healthy during this economic downturn”. “We appear to be [...]
Terrible Tuesday for Bitcoin as crypto tumbles 20 per cent in just two days with investors fleeing risk June 14, 2022 The price of bitcoin fell by another 10 per cent overnight, hitting an 18-month low of $20,834.70, before recovering to trade around $22,700 by 9am UK time this morning. In sterling terms, bitcoin is now trading around £18,665. Discussing the violent movements with City A.M. this morning, Adrian Lowery, financial analyst at DIY investing platform [...]
Crypto plummets as Binance pauses Bitcoin withdrawals and Celsius stops redemptions June 13, 2022 Major cryptocurrencies plunged on Monday after Binance halted Bitcoin withdrawals and Celsius suspended all redemptions. Bitcoin dropped over 18% while ether fell more than 20% on Monday afternoon after Binance , the world’s largest crypto exchange, suspended Bitcoin withdrawals. The suspension came after crypto lender Celsius announced it would halt withdrawals, swaps, and transfers between [...]
Coinbase boss hits out at ‘really dumb’ employee plan to oust executives June 12, 2022 The boss of crypto exchange Coinbase has hit out at a group of renegade employees who called for top executives at the firm to be ousted, telling them to “quit and find a company they believe in”.
Making the smart move from TradFi to DeFi June 10, 2022 “Going from centralised finance which is so laborious to decentralised finance is very exciting," says Josh Verheul.
Michael Owen gets a red card from UK advertising watchdog over crypto tweets June 9, 2022 Michael Owen broke the law after promoting an unlicensed cryptocurrency casino to the public on Twitter earlier this year.
Crypto platform Zumo handed government grant to help make Bitcoin green June 8, 2022 UK crypto platform Zumo is pioneering a solution with potential to drastically reduce the carbon footprint of Bitcoin.
£24,000 per ticket to attend original ‘Wolf of Wall Street’ crypto event June 7, 2022 The original Wolf of Wall Street, whose blockbuster memoir about his explosive career in high finance was the inspiration for the 2013 movie starring Leonardo DiCaprio, is co-hosting an exclusive two-day cryptocurrency event in London this month costing one Bitcoin - around a whopping £24,000 - to attend.
Binance hits back at claims it’s a ‘hub for hackers, fraudsters and drug traffickers’ June 6, 2022 Binance, the world’s largest cryptocurrency exchange, has brushed aside claims it is a “hub for hackers, fraudsters and drug traffickers,” after a Reuters investigation accused the Cayman Islands registered firm of serving as a “conduit for the laundering of at least $2.35bn in illicit funds”. In a blog post responding to Reuters’ article, the coin [...]
Rainfall raises $1m pre-seed round to address data privacy and monetisation crisis June 6, 2022 Pre-seed investment will accelerate efforts to expand the partnership programs, scale the technology platform, and further build out the team.