Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package… » …Read More
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion… » …Read More
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495… » …Read More
Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in…
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry… » …Read More
Nigel Green, CEO of the Devere Group, an independent financial advisory and asset management firm, issued a call for investors on Wednesday to reassess their portfolios following the U.S. dollar’s significant drop to its lowest level this year. “The dollar’s 2.2% drop against a basket of rival currencies in August suggests a broader shift in…
Economist and gold advocate Peter Schiff continued to express his opinion on gold, gold mining stocks, and the actions of the Federal Reserve on social media platform X this week as the price of gold surged. “Gold stock investors still don’t get it. Gold doesn’t have to keep going up for gold stocks to go up,”…
QCP Capital‘s analysis highlights the options market’s pricing of a 1% move on the S&P 500 following Jerome Powell’s address, revealing a hint of unease beneath the surface of the otherwise strong equity performance. Additionally, the firm notes that bitcoin’s perpetual funding rates plummeted to -13% over the weekend—the lowest point since 2022—emphasizing the sharp contrast…
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure…
Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform… » …Read More