Tag: cointelegraph

Jul 13
Why Coinbase is banning slide decks and ‘endless meetings’

Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month. In a July 13 blog post, Coinbase CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing […]

Jul 12
Bitcoin price hits 7-day low as US warns of ‘highly elevated’ CPI data

Bitcoin (BTC) carried through threats of new local lows on July 12 as the White House warned of “highly elevated” inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView White House warns ahead of “decisive day” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over 4% […]

Jul 12
US trademark and copyright offices to study IP impact of NFTs

The U.S. Patent and Trademark, and Copyright offices will explore the impact of NFTs on intellectual property rights as lawsuits begin to stack up. 1054 Total views 36 Total shares As nonfungible tokens (NFTs) continue to garner interest, the United States Patent and Trademark Office and U.S. Copyright Office are set to launch a study […]

Jul 12
Korean fintech giant plans to create 10K Web3 jobs amid bear market

Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. 915 Total views 31 Total shares Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to […]

Jul 12
Swiss Post’s banking arm developing in-house crypto custody platform

Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele. 757 Total views 47 Total shares Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with […]

Jul 12
Ethereum co-founder responds to PoS critics amid upcoming Merge

Vitalik Buterin described a critic’s notion as an “unmitigated bare-faced lie,” while sharing his thoughts on PoS voting. 1508 Total views 30 Total shares While some believe that Ethereum’s upcoming shift to proof-of-stake (PoS) may push the platform to eventually surpass Bitcoin (BTC), others take this opportunity to make snarky remarks on Twitter, triggering a rebuttal […]

Jul 11
US inflation breaks 40-year record: Can Bitcoin serve as a hedge asset?

On Feb. 9, the United States Bureau of Labor Statistics reported that the Consumer Price Index, a key measure capturing the change in how much Americans pay for goods and services, has increased by 7.5% compared to the same time last year, marking the greatest year-on-year rise since 1982. In 2019, before the global COVID-19 […]

Jul 11
Grayscale legal officer says Bitcoin ETF litigation could take two years

Grayscale argues that the differences between futures and spot Bitcoin ETFs have no correlation to approvals because prices are based on the same spot Bitcoin markets. 3627 Total views 53 Total shares Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea. […]

Jul 11
Terra crash highlights stablecoin risk to financial stability: ECB

A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn’t fit for use in the real economy. 1897 Total views 51 Total shares The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses […]

Jul 11
Dutch bank ING sells digital asset tool Pyctor to GMEX

GMEX has acquired ING’s Pyctor business to connect CeFi and DeFi amid the increasing demand for hybrid finance. 741 Total views 49 Total shares ING Group, a Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX. GMEX has acquired ING’s institutional-grade digital asset […]