United States authorities have brought charges against three people for wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading using crypto, one of whom was a former product manager at Coinbase Global. In a Thursday announcement, the U.S. Attorney’s Office for the Southern District of New York said in conjunction with the New York…
Blockchain.com has become the latest crypto company to announce mass layoffs. Earlier today, the exchange said it was cutting its workforce by 25%, or about 150 people. The whole Argentina arm of the exchange will be shuttered and plans for expansion into other territories have been halted. Some 44% of the cuts impact employees in Argentina, while about a quarter…
Monero moved to its highest level in five weeks on Thursday, despite crypto markets mainly trading in red. The token rose to its highest level since June 13 after extending recent gains. On the other hand, dogecoin dropped lower today, despite Elon Musk announcing that Tesla hasn’t sold any of the meme coin. Monero (XMR) Monero (XMR) was a notable…
A former Coinbase product manager and two others together ran a year-long, insider-trading scheme that generated more than $1.1 million in profits, U.S. federal authorities today alleged. Ishan Wahi, while an employee at the San Francisco-based cryptocurrency exchange, allegedly provided information regarding upcoming asset listing announcements to his brother Nikhil Wahi, and his friend, Sameer Ramani. The Department of Justice…
The Justice Department has arrested a former Coinbase employee in the first case of cryptocurrency insider trading.The employee, a former product manager, allegedly used his knowledge of asset listings to engage in multiple counts of insider trading.Previously, the Justice Department charged a former employee of Open Sea for insider trading NFTs. Ishan Wahi, a former product manager for the publicly-traded…
On Thursday, Vitalik Buterin, co-founder of Ethereum, shared his long-term vision for the namesake blockchain live at the annual Ethereum Community Conference, or EthCC, in Paris. As told by Buterin, Ethereum is currently at an inflection point, or period of rapid change, before the ecosystem’s capability will eventually settle down. Currently, the foremost priority for Ethereum is building an easy-to-use…
Bitcoin (BTC) extended losses on the July 21 Wall Street open after a key resistance level failed to hold as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rises to squeeze risk assets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $22,340 on Bitstamp after the opening bell, down 8% from its local top. The pair’s…
After briefly reclaiming the $24,000 mark on Wednesday, Bitcoin (BTC) is back in the red today, as the price of the leading cryptocurrency slipped below $23,000. The latest price action followed electric car manufacturer Tesla’s announcement that it had sold 75% of its Bitcoin stash, worth about $936 million, and the European Central Bank’s (ECB) announcement that interest rates would…
Chub Cay is an island located in the Bahamas and is currently looking for a Bitcoin Lightning Network wallet provider to partner with.Chub Cay Resort and Marina conducted an internal survey showing over 50% of its employees want at least some of their paychecks in bitcoin.The lack of banks and financial education in the area make using traditional banking systems…
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to $2 Billion, Stablecoin Token Dominance…
