The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency. When live, the integration will allow Binance users to pay for ridehailing services, but “also bikesharing, scooters, airport transfers, public transport and even food delivery,” a Splyt spokesperson told Cointelegraph.…
Ghana national Daniel Karikari worked as a part-time office assistant at a crypto startup, cleaning the office and serving coffee to its managers. While performing his tasks, he encountered the words “blockchain” and “cryptocurrency” on the office wall, sparking an interest that eventually led to a new career. In an interview with Cointelegraph, Karikari shared his humble beginnings. According to…
The leading U.S. crypto exchange Coinbase is cutting its workforce by 18% in preparation for the possibility of an “extended” crypto winter. In a blog post from CEO Brian Armstrong, the company revealed that it will shed 1,100 jobs, noting that economic conditions are “changing rapidly” and that the world appears to be entering a recession. That, Armstrong said, “could…
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron DAO Reserve deployed large quantities…
Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a “difficult decision” to reduce the size of the Coinbase team by about 18% due to a starting economic recession. “We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,” Armstrong…
Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms. In a tweet on June 14, Michael Saylor sought to allay fears that his firm’s BTC exposure may be about to cost it dearly. Saylor stays calm as MSTR dips further With the largest corporate Bitcoin treasury, MicroStrategy has…
The ongoing crypto market crash poses an “extremely minimal” fiscal risk to El Salvador, which has purchased millions in Bitcoin for its treasury, the country’s finance minister said on Monday. “When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile,” El Salvador’s finance minister Alejandro…
Bitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. BTC fell to the $20,000 range for the first time since December 2020, whilst ETH hit $1,000, also recording a multi-year low. Bitcoin BTC was trading lower for an eighth consecutive day, with Monday’s decline sending prices to their lowest point since December 2020.…
One of the most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs). In light of the growing number of NFT scams, OpenSea has announced the launch of a new feature that will automatically hide suspicious NFT transfers from view on their marketplace. This will help to protect users from being scammed and…
“Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According to the event sponsors, Consensus 2018, which was held at the Hilton Hotel in New York, had previously drawn in almost 9,000 attendees. …
