Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
Consensys, one of the main supporters of the Ethereum network, is laying off 20% of its workforce, blaming broader macroeconomic conditions and ongoing regulatory...
Kraken Picked Optimism’s ‘Superchain’ After Getting a Pile of OP Tokens
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. The deal was reached early...
Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at ‘Overweight’
HIVE Digital is expected to double its hashrate in the coming year, the report said. Cantor assumed coverage of the stock with an overweight...
Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High
Bitcoin is up 4.3% in the last 24 hours, rising to a five-month high. The top cryptocurrency benefited from $417 million in spot ETF...
Solana-Based RWA Platform AgriDex Taps Stripe’s Bridge to Lower Cost for Agricultural Trade Settlements
AgriDex, a Solana-based (SOL) real-world asset (RWA) marketplace that aims to bring agricultural goods to blockchain rails, has tapped stablecoin platform Bridge to make...
Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion
A new U.S. strategy to promote financial inclusion isn’t leaning on crypto as an option, but it did briefly mention the technology as a...
Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say
Analysts expect a slowdown in spot trading volume to hurt Coinbase’s revenue in the third quarter. The exchange reports Q3 earnings post-market on Wednesday....
President Biden Thanks Nigerian President for Binance Exec’s Release: White House
President Joe Biden made a call to the Nigerian president on Tuesday to share his thanks for the release of detained Binance executive Tigran...
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
dYdx, the company building an on-chain crypto derivatives exchange, fired 35% of its core team Tuesday, said CEO Antonio Juliano. The shake up adds...