Crypto Winter: Coinbase is laying off another 20% of its workforce
Winter is here Coinbase’s CEO, Brian Armstrong, announced yesterday that the crypto-exchange would be cutting 20% of its workforce. As a bellwether for the sector, Coinbase’s second round of cuts — f...
Shockwaves: The crypto world is reeling from the fire sale of exchange FTX
The crypto world was shaken yesterday as Binance’s CEO, known as “CZ”, announced the acquisition of their competitor, and the third-largest crypto-exchange, FTX. This was not a long, or particularly f...
Crypto crackdown: Celebrities promoting crypto are in the SEC's crosshairs
Kim’s crypto Kim Kardashian is handing over $1.26m to settle a lawsuit surrounding a crypto advert she posted for EthereumMax on Instagram back in June 2021. The social media star asked fans ‘ARE YO...
MERGE: The second biggest cryptocurrency just changed forever
MERGE For those with crypto-loving colleagues or friends, you may be sick of hearing about "the merge". For the uninitiated however, there was some big news in the crypto corner of the internet this ...
Off-base: The latest crypto slump has been bad news for Coinbase
Yesterday crypto exchange giant Coinbase reported that its revenue had fallen more than 60% on the same quarter last year, leading to a $1.1bn loss — the company's second in a row. Off-base Coinbase...
Minecraft: The block game says no to NFTs
Not a miner issue Minecraft won't be getting on the NFT train, as developers Mojang issued a statement this week criticizing the tech for ‘creating models of scarcity and exclusion' and contradicting ...
Bitcoin: Is there a case for it being "digital gold"?
Bitcoin = digital gold? Bitcoin has often been likened to a digital version of gold — which for years has been a safe haven asset, known as a trusty "store of value" when times have been more uncerta...
Peak NFT: Interest in non-fungible tokens is waning
Not Fussed Thanks We might have had peak NFT (non-fungible token). The latest data from aggregator nonfungible.com shows that the volume traded in NFTs has dropped steeply in recent weeks, as NFT-man...
NFTs have had a breakout year, but is interest slowing?
Back in March we wrote about "crypto art" — which turned out to be the early days of what would go on to be a breakthrough year for NFTs (non-fungible tokens), which beat out "metaverse", "pingdemic" ...
Bubble trouble: Stock markets are at all time highs, are we in a bubble that's about to burst?
Every week it feels like we get a new headline about financial markets doing something unusual. Just this week we've had: A "squid game" crypto token falling 99.99% in a few minutes. Tesla adding hund...
El Salvador + Bitcoin: A match made in heaven? Maybe
Bitcoin's big day This week El Salvador became the first country to officially make Bitcoin legal tender , adding it to the US dollar — the currency El Salvador has predominantly used since adopting ...
Musk changes his mind: Apparently Tesla won't accept Bitcoin after all
This week Elon Musk announced that Tesla would not, in fact, be accepting Bitcoin as payment for Tesla cars, citing concerns over how much energy Bitcoin mining uses. For those keeping score this anno...
Dogecoin: The joke cryptocurrency just keeps going up
And so we come to this. Dogecoin. A few months ago we incredulously observed that the total theoretical value of all Dogecoin — a joke cryptocurrency based on an internet meme of a dog — had passed $1...
Payments: Two payment companies extended an olive branch to the cryptocurrency community this week
This week 2 payments giants made big announcements about their intentions for cryptocurrencies. Visa revealed that it would allow users to use USD Coin, a cryptocurrency tied to the value of the US ...
Crypto art: The latest use of blockchain is grabbing lots of headlines
What on earth is crypto art? Crypto art is an emerging, but still extremely niche, segment of the digital art market which allows buyers to "own" a distinct piece of media such as an image or video, ...
Dogecoin: The cryptocurrency created as a joke is just the latest example of markets gone mad
The market capitalization of Dogecoin, a cryptocurrency that was created as a joke, is currently higher than that of The Gap and Under Armour (data from Koyfin ). In total, the sum of all Dogecoin in ...
Cryptoland: Bitcoin gets all the attention, but what about the thousands of other cryptocurrencies?
So far Bitcoin is having a decent 2021. The cryptocurrency hit a record high of more than $41,500 last week, continuing the upward trajectory it has been on since April of last year, when a single Bit...
Crypto stocks followed bitcoin on its way down
Publicly-traded crypto stocks followed bitcoin's rough weekend into the red Monday as a market-wide selloff spooked the digital asset industry. The exchange Coinbase, miner Riot Platforms, and bitcoin...
Bitcoin had a dismal weekend
Bitcoin plunged to its six-month low on Monday morning amid a market sell-off . At one point during Asian trading hours, the price of Bitcoin stumbled below $50,000. For the past week, the leading cry...
A strategic bitcoin reserve isn’t particularly strategic, is it?
On July 31, in the wake of Donald Trump promising to create a " national stockpile " of bitcoin if he wins this year's election, Wyoming senator Cynthia Lummis introduced a bill , called the "Boosting...