Digital asset infrastructure company BitGo is reducing its workforce by nearly 15% as it shifts its focus toward stablecoins, trading, security, settlement services, and AI-powered infrastructure. BitGo co-founder and CEO Mike Belshe said the company made the decision because the financial services and crypto sectors have changed significantly, requiring the firm to become more focused […]
June has been brutal for essentially the entire cryptocurrency market, and Ripple’s cross-border token is no exception. The asset lost its position in terms of market cap to USDC as it dipped to $1.01 (on most exchanges) during last week’s crash. Now, though, a popular analyst outlined the first glimmer of hope for XRP, which […]
The world’s largest altcoin felt the pain of the overall market weakness over the past week, dropping to just over $1,500 for the first time in well over a year. The asset remains below key support levels, including $1,800, which holds a particular significance in its long-term potential, according to popular analyst Michaël van de […]
Michael Saylor and Strategy weren’t focused on the right features of bitcoin and how to build their own strategy around it, which is now hurting the overall cryptocurrency market, said Ripple’s CEO, Brad Garlinghouse. In a recent interview with CNBC, he doubled down that the long-term value of a certain asset is its utility, not […]
ZachXBT says AscendEX users are experiencing withdrawal delays, with some requests not being processed at all. Several individuals reported that the transactions have been stalled for days, sometimes even weeks. AscendEX Users Report Withdrawal Issues The on-chain sleuth issued a warning in his Telegram group, alerting members to potential liquidity challenges. “I have observed multiple reports that the […]
XRP is trading near the $1.00 level, down about 9% in the last seven days and more than 52% over the past year. But UK-based technical analyst ChartNerd is suggesting that the deeper the Ripple token falls from here, the better the potential risk-reward setup becomes, with a possible demand zone between $0.90 and $0.70 […]
Almost every major altcoin has taken a beating in recent months, and Ethereum is no exception, with its price plunging to a 14-month bottom. Analysts now warn that it could be on the verge of a further slump, with some floating the idea of a crash to a multi-year low of around $1,000. The Red […]
Bitcoin’s price volatility around and just under $60,000 continued at the end of the business week, but the asset has managed to climb above this level as of Saturday morning. Most larger-cap alts are slightly in the green, with XRP trading above $1.05 and ETH standing close to $1,600. SOL has risen the most from […]
There has been a sharp increase in Chainlink tokens moving to exchanges just days before the project announced a major banking initiative. According to on-chain data from the Ethereum network, Binance recorded a net inflow of more than 10.2 million LINK on June 19. This pushed the exchange’s LINK reserves from 84.1 million to 94.3 […]
Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion. This event is much larger than usual, being the end of the month and end of quarter, so it may induce more volatility in the already battered spot markets. Crypto markets fell to an almost two-year low […]