Crypto

Crypto.com to Slash 20% Of Jobs Due to FTX Contagion

Crypto.com announced that it will be further reducing its global workforce by approximately 20% as it navigates “ongoing economic headwinds and unforeseeable industry events”. The recent layoffs were blamed on the collapse of now-bankrupt crypto exchange FTX which Crypto.com said

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The Crypto Bloodbath: More Layoffs and Losses In 2023

Cryptocurrencies have been in the news lately due to the volatile prices of Bitcoin and other coins, along with numerous high-profile collapses such as FTX and Voyager. However, another story has been brewing beneath the surface – the massive layoffs

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Matrixport Partners With Chainalysis to Step up Its Compliance Capabilities

Singapore-based crypto lender Matrixport will be leveraging Chainalysis’ blockchain data platform to step up its compliance capabilities, support anti-fraud protocols and monitor risk. Through this partnership, Matrixport will be able to monitor its cryptocurrency assets to detect patterns of high-risk

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Are There Too Many Cryptocurrencies or Not Enough?

A quick check on any cryptocurrency exchange can tell you there are now dozens of different mainstream digital coins available and hundreds of other aspiring coins that don’t get much attention. Is there now an overabundance of cryptocurrencies? Is there

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Can Bitcoin Be a Financial Lifeline for Economies in Crisis?

Bitcoin, the world’s first and most widely-recognized cryptocurrency, has gained a reputation for being a volatile and risky investment. However, in certain economies around the world, Bitcoin is being embraced as a useful tool that is allowing for financial stability

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3 Questions You Should Ask Yourself Before You Invest in a Cryptocurrency

If you’ve just started getting involved with cryptocurrency markets, you might be confused by all the different coins there are out there, and it’s perfectly normal. There are literally tens of thousands of coins right now with new ones being

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Top 10 Biggest Crypto Failures of 2022

This year has been a tough one for the crypto industry. From Bitcoin’s wild price swings to the implosion of major exchanges, it’s been a rollercoaster ride for investors and enthusiasts alike.  And while there have been some bright spots,

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Binance Buys Majority Stake in Indonesia’s Tokocrypto, Lays off 58% Of Workforce

Global cryptocurrency exchange Binance announced that it has become the majority shareholder in Indonesia’s crypto assets digital exchange Tokocrypto. Details of the transaction was not disclosed. Tokocrypto is the first crypto exchange in Indonesia to be registered under the Trade

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Temasek-Backed Amber Bags US$300M Series C Amidst Mass Layoffs, Sparrow Acquisition

Global digital asset platform Amber Group announced that it has completed its US$300 million Series C round led by Fenbushi Capital US. The latest round also saw participation from various other crypto-native investors and family offices that were . Amber

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MAS Grants DPT License to MetaComp to Offer Crypto Services in Singapore

Singaporean firm MetaComp, formerly known as Cyberdyne Tech Services, has secured a Major Payment Institution license from the Monetary Authority of Singapore (MAS) to provide digital payment token services. MetaComp will now be able to offer an end-to-end suite of

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