Cryptocurrency

Robinhood Cuts Almost a Quarter of Its Workforce

Just a few months after laying off 9% of its staff members, once high-flying crypto firm Robinhood on Tuesday announced plans to cut another 23%. The latest cuts, which will affect almost 800 employees, continues the fall from grace of the online...

Crypto Stirring Back to Life but Still Volatile

Cryptocurrencies have suffered a tough year, with all segments of the industry shedding significant value. Bitcoin, the world's biggest crypto, making up about 42% of the total market, lost more than half its value in 2022 and is now hovering aro...

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

The US Treasury has asked President Biden to work with international allies on regulating cryptocurrencies. In a memorandum to the president, the US Treasury called upon the Biden administration to develop global standards for digital payments and...

Bitcoin Faces Worst Quarterly Fall in a Decade

Bitcoin is set for its worst quarter since the end of 2011, as more central banks tighten money supply and crypto firms fall like dominoes. A quarterly drop of 58% represents the largest fall in value since Bitcoin was in its infancy. In the years...

Bitcoin Plunges Below $20,000

Bitcoin plummeted below $20,000 for the first time since December 2020. Ether dropped to $1,000 and fell almost 11% to $975.24, its lowest level since January 2021. The two bellwethers of crypto are both roughly 70% lower than all-time highs set late...

Bitcoin Crashes More Than 30% in a Week

Bitcoin continued to plunge this week to trade at just above $20,000, as the oncoming crypto winter shows little sign of slowing.  The world's biggest cryptocurrency has fallen by nearly a third since last Friday. The coin has lost around...

Crypto Players Welcome New Bill to Regulate the Industry

The crypto industry in the US welcomed new bipartisan legislation introduced to regulate it. The bill was tabled by Senators Cynthia Lummis and Kirsten Gillibrand and represents the first concrete step toward finally regulating the sector. Analyst...

Bitcoin Tumbles Back Below $30,000

Bitcoin tumbled back under $30,000 to its lowest price in a week, as another short surge of upward momentum lost steam amid market caution. Although the world’s largest cryptocurrency showed promising signs last week, rising to over $31,400...

Bitcoin Rallies Above $30,000

Bitcoin was showing signs of recovery after being marooned below the key $30,000 level for the past week. Other major cryptocurrencies followed suit. The market’s largest cryptocurrency climbed as much as 4.4% to $30,441.43 at one point. Bit...

Formula One Embraces Crypto

Despite the price of Bitcoin and Ethereum taking a major drop in recent times, the Formula One (F1) racing industry cannot get enough of crypto. Eight out of the 10 teams featuring in this year’s prestigious motorsport series have a crypto-r...