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Circle Stands Firm Amidst Wave of Layoffs Circle, the organization behind the second-largest stablecoin USDC, remains committed to expanding its workforce this year, even as many of its peers are slashing operational costs. According to CFO Jeremy Fox-Geen, Circle plans to grow its team by 25% this year, despite the
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The fallout from Silvergate Bank's shutdown continues to haunt the crypto market, leading to a sharp drop in Bitcoin's price. Top Crypto Price Movements at 08:35 AM on March 10, 2023. Source: Coin360 In the late hours of March 9 and the early hours of
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New Huobi owner Justin Sun claims that HT’s 93% crash is “normal” price volatility and has pledged to implement measures to prevent a repeat. 15m Chart of HT/USDT on Huobi at 09:15 AM on March 10, 2023 Update at Noon on March 10, 2023: Huobi’s new
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Bitcoin and several leading altcoins have continued their decline due to recent developments concerning Silvergate Bank. Bitcoin and Crypto Market Slump Further Due to Silvergate In the early hours of March 9, the cryptocurrency market experienced another significant adjustment, pushing the prices of major coins to their lowest levels in
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Mt. Gox’s largest creditor, a fund set to receive billions in Bitcoin from the exchange, might opt to hold onto the cryptocurrency rather than selling it immediately. Mt. Gox’s Largest Creditor Plans to Hold Bitcoin According to Bloomberg, Mt. Gox’s largest creditor, the Mt Gox Investment Fund,
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Just one day before the scheduled repayment window was set to open, Mt. Gox has announced another delay, pushing the deadline to April 2023. Mt. Gox Delays Repayment Deadline Again, Now Set for April As reported by Coin68 in early January 2023, Mt. Gox had initially rescheduled the repayment of
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Arthur Hayes, founder of the crypto derivatives exchange BitMEX, has proposed a new stablecoin called NakaDollar (NUSD), backed by Bitcoin and short BTC futures contracts to manage risk. BitMEX Founder Proposes Bitcoin-Backed Stablecoin NUSD, Collateralized with BTC and Futures Contracts In a recent blog post, Arthur Hayes shared his vision
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The HBAR Foundation, the nonprofit organization behind the Hedera blockchain, has confirmed a technical issue approximately an hour ago. Hedera Hashgraph (HBAR) Facing Technical Issues, Suspected Attack? Update on March 10, 2023: By midday on March 10, the HBAR Foundation confirmed that the Hedera Hashgraph blockchain had been attacked via
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Blockchain data has shown unexpected Bitcoin transactions from US authorities, sparking rumors of a potential BTC sale. US Authorities Allegedly Transfer 9,861 BTC to Coinbase According to blockchain analytics firm Glassnode, wallets associated with US government crypto seizures have moved approximately 40,000 BTC since mid-February. While most of
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Shiba Inu (SHIB) is the latest to join the “layer-2” craze, with the beta version of its Shibarium solution set to launch this week. Shiba Inu’s Layer-2 Solution Shibarium to Launch This Week In an announcement made on the morning of March 8, the memecoin project Shiba Inu (SHIB)
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STEPN, the Move-to-Earn project that once took the crypto world by storm, has completed its latest GMT unlock for venture capitalists (VCs), advisors, and the project team. STEPN Finalizes GMT Allocation for VCs, Advisors, and Project Team A total of 61.2 million GMT tokens, equivalent to approximately $20 million
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Bitcoin mining firm TeraWulf has launched a new facility with 8,000 mining rigs powered entirely by nuclear energy. TeraWulf Mines Bitcoin “Cleanly” Using Nuclear Energy On March 6, TeraWulf announced that its new facility, "Nautilus Cryptomine," will be the first in the U.S. to utilize nuclear
