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Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Revuto Raises 1.7M USD to Deliver Subscription Payments on Cardano
18.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Image May 18, 2021 – Blockchain startup Revuto has concluded a 1.7 million USD private round to support its development of a crypto subscription payment...
Valorant Pro Jay “Sinatraa” Won Suspended For Six Months Following Sexual Assault Investigation
17.5.2021
Jay “Sinatraa” Won has been suspended from competing in professional Valorant matches for six months following Riot’s investigation of claims he sexually assaulted his girlfriend Cleo Hernandez. Announced today, the six month suspension will last until September 10 and require Won to participate...
Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens
17.5.2021
After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a...
Twitch Begins Adjusting Sub Prices Based On Where Viewers Live
17.5.2021
While the USD 4.99 per month cost of a Tier 1 Twitch subscription works fine here in the States, five bucks can be a much larger hit on one’s wallet in other countries. Starting this week with Mexico and Turkey, Twitch will begin adjusting subscription costs to better align with the local cost...
Banking System Uses Significantly More Energy Than Bitcoin, Research Shows
17.5.2021
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report...
Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process
17.5.2021
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created...
Bridgewater Associates’ Ray Dalio Warns Crypto’s Success Could Bring Tough Regulation
16.5.2021
Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to have an alternative...
Crypto industry brass explains harnessing renewable energy could help BTC miners
14.5.2021
Bitcoin mining via renewable energy is already prominent, one CEO explains
Capture the industry? Token IPOs aim for $200T global capital market
14.5.2021
Security token issuers say the STO market needs greater liquidity to make a significant dent in the $200-trillion global capital market
Katy Perry And Pikachu Traveling Through Time Singing Songs, As They Do
14.5.2021
Remember way back in January, when I wrote “Katy Perry Teams With Pokémon For Some Sort Of 25th Anniversary Music Thing?” We now have that thing. Check out the video for Perry’s new single “Electric,” in which the singer and her Pikachu travel back in time to interfere with their unevolved forms....
The Aspiring Answers to Bitcoin’s Enormous Energy Footprint
14.5.2021
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback. Musk’s Comments Conveniently Ignore Reality of Blockchain...
GoodFi coalition adds 22 industry leaders to help attract 100M to DeFi
14.5.2021
The decentralized finance coalition has onboarded 22 leaders from 19 teams to help further its mission of bringing 100 million people into DeFi by 2025
Stan Druckenmiller: US Will Likely Lose Reserve Currency Status in 15 Years, Hard to Unseat Bitcoin as Store of Value
13.5.2021
Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central...
US SEC Has Brought 75 Enforcement Actions on Crypto Industry
13.5.2021
The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants...
Six Upcoming Blockchain Projects You Should Be Watching
13.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Token offerings have been through multiple iterations over the years, fueled by the need for projects to gain recognition and liquidity for their tokens...
Bitwise launches US ‘crypto ETF’… sort of
13.5.2021
Bitwise has launched a new ETF offering exposure to the top publicly-listed firms operating in the blockchain and crypto industries
Globe Listing on AscendEX
12.5.2021
PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Globe Token (GDT) under the pair USDT/GDT on Apr 22 at 1:00 p.m. UTC. Globe aims to be the global cryptocurrency derivatives...
dotmoovs Raises 840,000 USD From Strategic Investors and Partners
12.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
May 12th. dotmoovs, an NFT platform powered by advanced computer vision algorithms has successfully completed a private funding round of 840,000 USD from...
QANplatform Announces Uniswap Listing, 2.1M USD Funding Raised
12.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Blockchain project QANplatform, which builds a quantum-proof energy-efficient platform, announced a successful 2.1 million USD venture funding round with...