America’s largest bank says the state of the cryptocurrency market may not be sustainable. This year has seen crypto net inflows of $12 billion thus far — a figure that could jump to $26 billion by year’s end assuming flows continue apace — a trend...
In the years since the industry’s founding, cryptocurrency startups have pulled in around $100 billion. That’s according to a report Saturday (June 15) by Bloomberg News, citing data from two sources: DeFiLlama which pegs the crypto sector’s total fundraising at $101 billion since 2014, and...
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees...
The state of crypto, just like the crypto market, remains promising – if volatile – in 2024. While many observers may have believed that the crypto space would simply disappear after a wild start to the 2020s that saw it enter the mainstream and then...
Stablecoins sit at the center of the crypto sector’s goals for a return to form. That’s because stablecoin digital assets, which are designed to maintain a stable value by being pegged to a reserve asset such as a fiat currency (e.g., USD) or commodity (e.g.,...
Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of...
Cryptocurrency exchange Kraken is reportedly considering seeking more than $100 million in a final funding round before launching a possible initial public offering (IPO). The company has received inquiries from potential investors amid the current rally in the digital asset market, Bloomberg reported Thursday (June...
Robinhood Markets is set to acquire cryptocurrency exchange Bitstamp for $200 million. “Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide,” the company said in a news release Thursday (June 6). “Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU,...
End-users of technologies don’t want to think — they just want to use. And out-of-the-box usability is particularly essential when it comes to next generation innovations disrupting payments and commerce. This, however, can at times be at odds with the mindset of the builders of...
