Creator of the SNAP token, company Snap on Monday said that it will be laying off around 10% of its staff. According to a report by Reuters, Snap is currently in the process of laying off around 528 workers, joining other peers in the tech and financial sector who also announced workforce reduction. Snap to […]

Weeks after the launch of the spot Bitcoin ETFs, Grayscale’s Bitcoin holdings have reportedly decreased. Crypto commentator and analyst Seth revealed on X that Grayscale’s holdings have reduced from 619,000 BTC in January to 478,000 BTC. Seth also notes that, amidst this reduction, investment giants like Blackrock and Fidelity have been actively absorbing the outflow. […]

Tether, the world’s largest cryptocurrency company by market cap, has led a $25 million Series A funding round for Oobit, a company dedicated to simplifying crypto payments. This investment marks a pivotal step towards integrating cryptocurrencies into everyday transactions, enabling crypto holders to use their digital assets at over 100 million retailers worldwide. The funding […]

Bitcoin ETF approval was a landmark decision for the entire digital currency sphere, giving a mainstream platform to the virtual asset. However, since the approval of the ETFs, only two of them have emerged as a great success. These two ETFs, namely Blackrock and Fidelity have dominated the ETF sphere with high inflows since their […]

American watchdog, the Securities and Exchange Commission (SEC) has won its dispute against blockchain payments firm Ripple Labs Inc. over access to the latter’s financial statement. US Court Rules in Favor of SEC The Magistrate Court Presided over by Judge Sarah Netburn has consented to a motion filed earlier in January by the SEC compelling […]

The XRP community has just been honored with a new collection of non-fungible tokens (NFTs) released by Uphold, a digital currency platform. The XRP Army Badge NFTs, as they are collectively called, are thanksgiving gestures to the community members for their loyalty and support throughout. Exclusive Recognition for XRP Supporters Uphold’s partnership with XPUNKS, which […]

WisdomTree, one of the latest spot Bitcoin ETF issuers, is reportedly pursuing a license to offer its customers in New York some crypto-related products and services. WisdomTree’s Expansion Into New York According to Eleanor Terrett, a FOX Business reporter, WisdomTree is working closely with the New York State Department of Financial Services (NYDFS) to provide […]

Cryptocurrencies are sending mixed signals in early February in the wake of the market doldrums in January. Although Q4 of 2023 turned out excitingly bullish, the trend changed with little regard for the approval of spot Bitcoin ETFs in the US. Altcoins that had been showing great potential in December, including XRP price trimmed gains some to […]

Sui has emerged as a notable player, with its recent performance in the market underscoring robustness and potential. Amidst the dynamic and often unpredictable crypto market, Sui’s resilience and growth trajectory are particularly noteworthy. This development has piqued the interest of investors and enthusiasts alike, as they keenly observe the trends and factors propelling Sui […]

The Ethereum Name Service (ENS) has partnered with the domain registrar GoDaddy to provide an intermediary between the traditional web domains and the decentralized domain names of Web3 and allows users to use the .eth web domains with their URLs without charge. Simplifying Web3 Domain Management This collaboration is a reflection of the growing symbiosis […]