Weekly Market Wrap: Bitcoin falls 1.3% following U.S. jobs report
Bitcoin fell 1.3% in the hour following the U.S. jobs report, fueling market concerns that borrowing costs will remain high over a longer period of time.
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Ledger cuts 12% of workforce, citing macroeconomic conditions
Cryptocurrency hardware wallet developer Ledger said it is cutting 12% of its workforce, according to a Thursday letter to employees by chief executive officer Pascal Gauthier. See related article: Binance ICO raised less than US$5 mln: Forbes Fast Facts See related article: Governments could access Ledger wallet private keys, says CEO
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Little-known FTX co-founder Gary Wang testifies in Sam Bankman-Fried trial
Wang admits he implemented special privileges in the exchange’s code to enable Alameda Research to withdraw unlimited funds.
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Crypto fundraising in Q3 lowest in three years: Messari
The amount of funds raised by cryptocurrency firms dropped to a three-year low of US$2.1 billion in the third quarter of 2023, according to a new report published by on-chain intelligence firm Messari. See related article: CMCC Global raises US$100 mln to launch Hong Kong Web3 fund Fast Facts See related article: HKEX to launch…
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Crypto trust on trial: Bankman-Fried faces judgment
Top blockchain and crypto news: Spotlight on Bankman-Fried, Pudgy Penguins’ new revenue stream and Google’s Web3 goggles
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Sam Bankman-Fried committed ‘massive fraud,’ says prosecutor in opening statements
Prosecutors allege the founder of the failed FTX cryptocurrency exchange had a reputation that was “built on lies” as hotly awaited trial begins.
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How the NFT market peaks and bottoms differently from the rest of the industry
Cryptocurrencies and NFTs are evolving and carving out distinct niches, prompting a closer look at their diverging paths and the emerging trends in the digital financial landscape.
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Chainalysis cuts 150 employees
Chainalysis, a New York-headquartered blockchain intelligence firm, is reportedly laying off about 150 employees, or approximately 15% of the 900 staff members. See related article: ‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia Fast Facts See related article: Bitwise to launch two…
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Bitwise to launch two Ethereum Futures ETFs
Bitwise Asset Management, a U.S.-based cryptocurrency index fund, announced that its two Ethereum futures exchange-traded funds (ETFs), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will start trading on Monday, Oct. 2. See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024…