market

Bitpanda announces layoffs citing no compromise on product quality

Witnessing the crypto crashes over the past several weeks from a front-row seat, Bitpanda made the “tough decision” of cutting down its employee headcount to roughly 730 people. Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to…

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Bitoasis reduces its personnel by 5% as fears of a bear market mount

BitOasis, a cryptocurrency exchange in the United Arab Emirates, revealed on Sunday that it has let off nine staff as part of a cost-cutting strategy. Earlier this week, nine staff were laid off across locations in Dubai, Abu Dhabi, and Amman, according…

Analysis Knowledge market by Allen Adam June 13, 2022

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As the slump continues, the market capitalization of cryptocurrencies slips below $1 trillion

The current crypto market valuation has recently gone under $1 trillion, down from approximately $3 trillion in mid-November last year. Bitcoin is the market leader, while altcoins are being murdered. The crypto market's downtrend is gaining traction as the total market capitalization…

Altcoins Cryptocurrency market by Cawrey John June 12, 2022

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Lido-Staked ETH Prices Slip Due to Liquidity Issues

Lido is attempting to reassure users as stETH prices lose parity with ETH. The price of Lido-staked ETH has slipped by 5% on Curve due to a large imbalance in liquidity distribution within the pool. Lido says that stETH is backed 1:1…

market by Allen Adam June 9, 2022

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Global Crypto Market Cap Falls Below $1.25T As Ethereum Wavers

The global cryptocurrency market cap fell sharply towards the end of the week, following a market-wide sell-off in the past four weeks that has put a dent in the micro-price performance metrics of Bitcoin and Ethereum. Last week, Bitcoin dropped to as…

Bitcoin Cryptocurrency market by Wright Stella June 7, 2022

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As Bitcoin is rejected at $32K, almost $200 million has been liquidated

Daily, the number of liquidations has surpassed $200 million, as the whole market is once again in the negative. Bitcoin's failure at $32,000 dragged other altcoins down with it, causing another market-wide downturn. As a result, the number of liquidated dealers increased…

Event market by Smith Zoey June 2, 2022

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Winklevoss-Led Gemini Cuts 10% of Staff, Citing ‘Turbulent’ Crypto Market

Gemini cited the cryptocurrency downturn along with macroeconomic market conditions. Cryptocurrency exchange and custodian Gemini said that it will lay off about 10% of its employees, citing “turbulent market conditions that are likely to persist for some time.” The firm, led by…

Event market by Jaxson Clark May 30, 2022

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China Will Airdrop Digital Yuan to Boost Locked Down Economy

China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy affected by lockdowns. Shenzhen Municipal Bureau of Commerce is cooperating with several banks to issue red envelopes which…

Analysis Knowledge market by Wright Stella May 28, 2022

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Crypto investors are still fearful, according to market indications

Bulls are witnessing one of the longest bearish streaks since Terra fell, as general sentiment in the crypto market remains negative. This marks the end of months of speculation and the abrupt exit of investors from the market. It's also the longest…

Cryptocurrency market Token by Jaxson Clark May 27, 2022

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Traders Suffer Heavy Losses as Liquidations Top $500M

The crypto market has experienced liquidations amounting to $523 million in the past 24 hours. Ethereum (ETH) suffered the most, at $234.2 million, followed by bitcoin (BTC) at $122.6 million. Nearly 143,000 traders were involved in the bloodbath. STEPN (GMT), Solana (SOL), and Sandbox…

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