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Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap

31.1.2024
Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...

Bitcoin booms: $220k by year-end? Analysts divided

30.1.2024
Bitcoin is currently up by 2.90% in the last 24 hours, trading at $43,377.62 while the article is being drafted. The jump has sparked interest and optimism among crypto enthusiasts. Most of the analysts have come forward to say that more ups are on the way, quoting the possibility of a new...

OKX to End Crypto Mining Pool-Related Services Over Realignment

26.1.2024
Centralized crypto exchange OKX said on Friday that it will soon shut down its Mining Pool and related services due to business adjustments. New user registrations for the Mining Pool will no longer be accepted starting Jan. 26. Meanwhile, existing users can continue to use the service until Feb....

Russian Crypto Miners Blamed for Siberia Power Outages

26.1.2024
Russian power providers say crypto miners are to blame for “mass” electricity outages during recent cold snaps. Per Interfax, Rosseti Siberia, the local branch of the state-run power provider Rosseti, “recorded an increase in the volume of illegal mining at the end of 2023 in a number of regions...

Crypto-Linked Violations Rack Up $2.8B in SEC Fines in 2023

25.1.2024
A Cornerstone Research report published Wednesday showed that crypto fines against digital asset market participants hit $2.89b by the end of 2023. That’s an 11% jump from the $2.6b in fines imposed through 2022. The findings show that as the crypto market grows, so does the SEC’s role...

Age of Mars Unveils Red Chaos Alpha Testing

22.1.2024
PRESS RELEASE. The Age of Mars team announces a significant milestone in their 2024 roadmap—the commencement of the closed testing phase for their flagship play-to-earn game, Red Chaos. As of the end of January, players will have the opportunity to delve into the immersive gaming experience as...

Sri Lanka’s Stance on Crypto and the Launch of ‘Lanka Pay’ in 2024

22.1.2024
Sri Lanka has always been a country where cash is king and this remains the case despite the country planning to introduce its digital currency by the end of 2024. Once dubbed “the pearl of the Indian Ocean” — Sri Lanka is known for producing the finest tea, fresh coconuts,...

Stablecoin Leader Tether Approaches 100 Billion in Circulation

15.1.2024
Source: Adobe / Jim Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation. The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over...

‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts

15.1.2024
Source: Wit/Adobe South Korean regulators will not give the green light to a domestic Bitcoin spot ETF before the nation’s next general elections, insiders claim. Per Sobija Mandueneun Shinmun, anonymous financial investment industry officials believe that any new crypto regulation will...

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