Silvergate Capital said on Thursday it would significantly reduce its headcount, leaving the firm with a skeleton crew to manage the liquidation of its crypto-friendly bank. The cuts involve pink-slipping 230 employees tomorrow, followed by additional layoffs later in the year. In a filing with the Securities and Exchange Commission (SEC), the company said it would have just 80 employees…
Blockchain analysis has been key in helping the United States Internal Revenue Service (IRS) seize an estimated $10 billion worth of cryptocurrency since it began investigating a broad body of crimes involving digital assets. This was a key point raised by IRS Criminal Investigations (IRS-CI) Chief Jim Lee in a wide-ranging, exclusive interview with Cointelegraph in Amsterdam. Lee was among…
Decrypt’s Kate Irwin asks the InfiniGods developers Damon Gura and Owen O’Donoghue about gamers and NFTs. Source: https://decrypt.co/videos/interviews/X0FtIw0j/do-gamers-hate-nfts
Litecoin was back above $80.00 on Wednesday, as the token climbed away from a recent six-week low. Today’s rise in price sees the cryptocurrency surge for a third straight day, despite recent market volatility. Cardano was also marginally higher. Litecoin (LTC) Litecoin (LTC) jumped back above $80.00 earlier in today’s session, as the token continued to move away from recent…
Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price “rolls over” after brief recovery Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it risked a further loss of support. After a modest recovery from local lows seen the day prior,…
The work of Taiwanese-born artist YuLiang “YuYu” Liu is not for the faint of heart. Blending different mediums such as photography, digital art, and performance, his creations are heavily influenced by his own personal journey as a foreigner and member of the Asian and queer communities. “As a queer artist and as a foreigner who came to Europe, I struggled…
Blockchain technology can be difficult for the average layperson to understand, and when “layers” are added to the concept — as with blockchain scaling — it can be even more confusing. Companies working on blockchain scaling solutions are led and staffed by experts who fully understand the underlying technology and why scaling is essential to the long-term success of blockchain,…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Blockchain gaming has continued to make up a substantial portion of all on-chain transactions, says data firm DappRadar. In a report examining April market data, 38% of all crypto transactions were related to gaming—despite seeing 10% fewer daily active wallets (roughly 672,000) compared to the previous month. DappRadar blamed…
On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether (ETH) sale price of…
Bitcoin (BTC) is down 2.8% over the past 24 hours, falling from a high of $28,280 to its recent low of $27,058, and settling on $27,368 at the time of writing, according to data from Coingecko. The past seven days have seen a clear downtrend for the top cryptocurrency by market cap, with a high of $29,724 on May 5th,…
