Page 14 - Cryptocurrency
Hiring at crypto exchange Coinbase up 33% despite recent layoffs: Report
While Coinbase is one of the most valuable companies in crypto, it still has a long way to go to catch up to Google. The search giant employs more than 100,000 people
 "Hiring at crypto exchange Coinbase up 33% despite recent layoffs: Report")
Saudi Arabia's central bank hires crypto chief to boost digital ambitions
Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.
 "Saudi Arabia's central bank hires crypto chief to boost digital ambitions")
Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts
For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest
 "Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts")
Crypto.com accidentally refunds over $7 mn instead of $68 to customer
Due to an unfortunate typo, cryptocurrency exchange Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say
 "Crypto.com accidentally refunds over $7 mn instead of $68 to customer")
Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole
The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets
 "Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole")
Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto
The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines
 "Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto")
Powell's Jackson Hole speech leaves crypto investors in a tough spot
The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500
 "Powell's Jackson Hole speech leaves crypto investors in a tough spot")
Divide emerges between retail, pros on how to play Ether upgrade
Ethereum recently completed its last test before the upgrade, and developers said the main event should take place next month
 "Divide emerges between retail, pros on how to play Ether upgrade")
Over half of Bitcoin's daily trading volume fake globally: Report
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil
 "Over half of Bitcoin's daily trading volume fake globally: Report")
Bitcoin plunges below $20,000, may reach $10,000 level this year
After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address
 "Bitcoin plunges below $20,000, may reach $10,000 level this year")
ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO
"Enforcement Directorate-Bengaluru has been engaged with us with respect to functioning of our crypto platforms/exchanges. We are fully cooperating with them," he said in a tweet thread.
 "ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO")
HNIs more cautious on foreign investment after new rules kick in
According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc
 "HNIs more cautious on foreign investment after new rules kick in")
Cryptos' volatility seen leading to purge of 'Merge frontrunners'
Speculators have scooped up Ether call options with traders waging the token's price could rise to around $2,200 in September in the past few weeks
 "Cryptos' volatility seen leading to purge of 'Merge frontrunners'")
Explained: Ethereum set for mega 'merger' to become more energy efficient
Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain
Sentiment around NFTs drops 14% in companies amid crypto downturn: Report
In Q2 2022, NFTs have been the topic of more debates than ever, although opinions have changed resulting in a decrease in optimism.
 "Sentiment around NFTs drops 14% in companies amid crypto downturn: Report")
WazirX co-founder raising up to $20 mn for new blockchain venture: Report
Nischal Shetty's new venture Shardeum aims to solve the existing shortcomings of Blockchains, such as Ethereum, including low scalability, high fees, and low throughput.
 "WazirX co-founder raising up to $20 mn for new blockchain venture: Report")
The sleuths who protect cryptocurrencies from hackers are raking in money
As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding
 "The sleuths who protect cryptocurrencies from hackers are raking in money")
Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities
The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner
 "Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities")
Crypto scam revenue slips 65% amid economic downturn
As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021.
 "Crypto scam revenue slips 65% amid economic downturn")
Amid global crypto meltdown, Crypto.com lays off even more employees
Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper.
