Elon Musk, also known as the ‘Dogefather,’ appears to be eyeing the layoff of a staggering 15,000 Tesla employees, in a move to significantly scale cost reductions and increase the productivity of his firm. Notably, following the surfacing of this workforce reduction plan, Dogecoin, a Musk-related meme coin, showcased a slight slip in its price […]
Hedera Allocates 5 Bln HBAR For Ecosystem Development
In a strategic move aimed at propelling the growth of the Hedera network, the Hedera Council has approved the allocation of around 5 billion HBAR, Hedera Hashgraph’s native cryptocurrency, for further development and the advancement of decentralized governance. Meanwhile, this financial injection underscores Hedera’s commitment to nurturing its ecosystem and supporting key initiatives crucial to […]
Ethena Introduces Monthly Custodian Attestations for USDe
Ethena, the protocol of the stablecoin USDe, has introduced a new level of transparency. All integrated depositaries are now supplying attestation reports. These reports confirm that the assets underpinning USDe are stored in a non-exchange setting. Those measures come in institutional-grade custodial solutions. Starting with immediate effect, these reports will be posted on the Ethena […]
Budget 2024: How Is Economic Survey 2024 Different From Its Predecessors?
Finance Minister Nirmala Sitharaman is set to table the Interim Budget for the fiscal year 2024-25 in Lok Sabha on February 1, 2024. Every year, the Finance Ministry rolls out the Economic Survey of India, a day ahead of the Budget. The Economic Survey 2024 — prepared by the Economics Division of the Department of […]
Binance Monitor Decision Delayed Over Law Firm Controversy
The Department of Justice (DOJ) has postponed its decision to appoint Sullivan & Cromwell as the independent monitor for Binance, citing concerns over the law firm’s previous association with FTX. Sullivan & Cromwell was on the brink of being selected to oversee Binance’s compliance with a settlement involving a $4.3 billion penalty for violating U.S. […]
Spot Bitcoin ETF: Here’s How Many Coins BlackRock Currently Holds
It has been almost 72 hours since the United States Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETF applications including that of top investment asset management firm BlackRock. BlackRock Bitcoin ETF Current Value By the end of the first trading day for the Bitcoin ETF, over $4.5 billion was recorded in trading volume. […]
Expert Warns Against Buying Altcoins Dip, Here’s Why
In a market rife with volatility, the CEO and founder of Into The Cryptoverse, Benjamin Cowen, has issued a warning. His insights, shared on the social media platform X, offer a differing perspective on the current state of altcoins and the broader market landscape. Benjamin Cowen Advises Not To Buy The Dip In Altcoins Cowen’s […]
Top Altcoins to Buy January 14: SOL, TON, AR
Top Altcoins: Bitcoin ETFs experienced a remarkable debut when they started trading on Thursday, January 11. Following their approval, these ETFs rapidly drew in close to $1.5 billion in fresh capital, with around 500,000 transactions in just two days. Eric Balchunas, a senior analyst at Bloomberg shared this information in a recent tweet on January […]
Uniswap (UNI) Crosses Historic $250B L2 Volume, UNI To Rally?
The transaction volume on Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap Layer-2 (L2) has hit a historic level pegged at $250 billion. Uniswap L2 Transaction Volume Hits ATH This transaction volume figure shows a significant growth from the levels seen around this time in 2023 when the Uniswap L2 transaction volume was just […]
Who Will Present The Indian Union Budget?
The Indian Financial landscape appears to be tightly embracing itself as the much-eyed Interim Budget for 2024-25 looms over to be released shortly ahead. As the Interim Budget remains all set to be released on February 1, financial players across the nation are witnessing a sense of frenzy, building inferences as the date nears. An […]