Resistant to overseeing the space in the past, the agency said it now plans to work on the definition of virtual assets. The Brazilian Securities and Exchange Commission is reportedly pursuing changes in the country’s legal framework with regard to its regulation of cryptocurrencies. According to local media, one major concern is that the bill…
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The company said it will let go of its Web3 division to make way for restructuring after falling behind financial targets. Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this round…
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This week’s Crypto Biz newsletter: The Wall Street Journal questions Tether’s business model; venture capitalists are scooping up crypto at rock bottom prices. In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies…
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Higher volatility, equity offerings and resistance to regulatory sanctions are just a few reasons why investors should keep an eye on BTC. Let’s rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq…
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Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September 1st, this being the second round of layoffs the company has executed…
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NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboard and empower users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in…
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The top 100 DeFi tokens recorded a bearish price action over the past week, with the majority trading in the red, barring a few tokens that have shown even double-digit growth. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the…
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Everyone’s a genius during a bull market, but how should one trade in a bear market? Markets are scary right now, and while the situation is likely to worsen, it doesn’t mean investors need to sit out and watch from the sidelines. In fact, history has proven that one of the best times to buy…
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