A new framework now exists between the NYDIG and the New York Yankees. Payroll members of the latter can convert what remains of their after-tax income into Bitcoin. An investment trust, New York Digital Investment Group LLC (NYDIG) has just signed a long-term contract with the New York Yankees, to enable the
Category: News
Kraken Comes Under SEC Watch List as Coinbase
The searchlight of the United States Treasury is currently beaming on a cryptocurrency exchange, Kraken. Going by available information, the reason for this is the
India, an Emerging Market; KuCoin Not in Distress – Boss
As unconfirmed reports filtered in about bankruptcy, the platform observed an abnormal massive pullout of assets but not for long. Given the stringent conditions foisted
Leading Singapore Crypto Financier Enmeshed in Massive Debt Crisis
A cryptocurrency trading platform, Vauld, domiciled in Singapore, is currently making efforts to wriggle its way out of a huge debt owed to its numerous
India’s Reserve Bank Renews Its Campaign Against Cryptocurrency
In India, a fresh motion that will bring about the outright proscription of crypto because of its repercussion on the country’s fiscal stability has been
Nearly 180,000 ATMs to Dispense Bitcoin – US Hyosung Company
The US subsidiary of Hyosung just concluded a deal with DigitalMint, a company that makes it possible to convert cash into crypto. Under the arrangement,
SEC Extends Deadline for Approving Ark Invest’s Bitcoin ETF
The U.S. Securities and Exchange Commission has postponed a decision to approve the first spot Bitcoin exchange-traded fund, Reuters reports. The agency will now have
Negotiation Ends Well as Cybercriminal Returns Loot to Crema Finance
On a global scale, terrorists take over a location without warning, capture hostages, demand a ransom, and afterward enter into dialogue with the authorities concerned.
Report: Tesla’s Value Diminishes Over $440 Million Worth of Bitcoin Assets
In one of its columns, a news magazine, The Telegraph reported that Tesla would soon make public, details of colossal losses accruing to the company
In the Face of Dwindling Fortunes, Huobi Set to Reduce Its Workforce to About 70%
A new development is unfolding as the stage appears set for the reduction of the workforce of Huobi. Recently, there has been a slump in the economic fortunes of several digital currency exchanges and Huobi, a leading cryptocurrency establishment and a household name that once held sway in parts of China, like its other counterparts suffering from ills within the industry, is already working and perfecting an arrangement that will bring about a reduction in the size of its employees. Facts to Consider Although details are still quite sketchy, there are rumours that the company will go ahead with its plan to cut the number of its workers due to one primary reason: a significant decrease in its profit. The company is expected to make an official statement on this sooner or later. This incidence is occurring when some other cryptocurrency managers are seriously considering and pruning down the size of their labour force. Some notables within this category are Bybit and CryptoCom. Others include BlockFi and Coinbase, a dominant crypto exchange in the United States market that went ahead to announce a reduction of its staff strength by 18% earlier in June 2022.