Ava Labs, a prominent crypto startup known for its development of the Avalanche blockchain, has recently made the decision to lay off 12% of its workforce. Founder and CEO, Emir Gün Sirer, confirmed this move, stating that it will allow the company to reallocate resources towards company growth and the expansion of the Avalanche ecosystem.
The Vice Chair for Supervision at the U.S. Federal Reserve, Michael Barr, recently addressed the issue of stablecoins and central bank digital currencies (CBDCs). This article examines Barr’s comments and their potential impact on the cryptocurrency industry. Barr emphasized the need for a “strong, federal regulation” of stablecoins to ensure proper approval, regulation, and enforcement
While the Bitcoin price continues to record profits, it is showing signs of exhaustion on lower timeframes. However, when zooming out and considering recent data, it becomes clear that cryptocurrencies have experienced a massive rally over the past few months, with the potential for further gains. As of now, Bitcoin is trading at $34,800 with
On Tuesday, November 7, 2023, the much-anticipated Sponge token ($SPONGE) Season 1 airdrop took place, with over $100K distributed among participants. This competitive airdrop attracted more than 20,000 active participants who engaged in a series of Sponge challenges related to trading, engagement, and $SPONGE token holding. In this article, we will analyze the results of
Gemini’s UK branch recently announced a new policy that will limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting from November 17th. This decision comes as a result of the Travel Rule regulations, which now mandate VASPs to share sender and receiver information for crypto transactions. In
XRP, the popular cryptocurrency, has been experiencing significant strides in recent trading hours, providing a promising outlook for investors and traders. Despite a sharp rise, the hourly chart indicates a bullish trend, with the price of XRP hovering around $0.696533. According to CoinGecko, there has been an impressive 8.9% increase in the past 24 hours,
Ethereum (ETH) has experienced a surge in price, but compared to Bitcoin (BTC), it falls short in terms of gains. The current bullish trend is challenged by various factors, including uncertainty surrounding ConsenSys and regulatory pressures. Additionally, issues with decentralization and high gas fees contribute to the difficulties Ethereum faces in breaking the $1,900 resistance.
Bitcoin SV (BSV), the leading Bitcoin hard-fork project, is facing a -5% decline as the focus shifts towards an emerging Bitcoin cloud mining presale. This decline comes after BSV experienced an impressive +74% rally in October. While Bitcoin SV ranks among the top losers by market cap in the past 24 hours, its current trading
Blockchain-based startups are defying the bear market trend by securing funding, with MetaMask partner Blockaid raising an impressive $33 million in October. Despite this positive news, the overall funding in the crypto industry has dropped to levels last seen in 2020, totaling $2.1 billion over 297 deals in the third quarter of 2023, according to
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.
