Crypto News

Reports suggest up to 3,700 — about 50% of staff — could end up being given their marching orders.

Bitcoiners are accusing the financial institution of clamping down on crypto because it "threatens" its business model.

Coinbase suffered a loss of $544 million in the third quarter of 2022 — compared with bumper profits of $406 million a year ago.

Plus — Binance's CEO gave a news conference at the WebSummit in Lisbon yesterday — and inevitably, talk turned to Elon Musk's Twitter takeover. We're there with the latest.

Also today, does CZ think that central bank digital currencies are going to pose a threat to the crypto space?

Federal Reserve Chairman Jerome Powell warned: "It's very premature, in my view, to think about or to be talking about pausing our rate hikes. We have a ways to go."

The tech giant says an "end-to-end toolkit" to ensure NFTs can be created, showcased and sold — with Polygon the first blockchain to be supported.

Seeming lukewarm about the idea, Binance's CEO noted that he would join the board only as a favor to Musk.

But the company is vowing to hold on to its 130,000 BTC for dear life — and branch out into Lightning software.

The business intelligence firm is vowing not to sell any Bitcoin... but it's buying a lot less than it used to.

But in a reflection of a challenging bear market, MicroStrategy snapped up just 301 BTC in the most recent quarter — a stark contrast to the 9,000 BTC it bought a year ago.

Fellow co-founder Rune Christensen paid tribute to Nikolai Muchgian, writing: "Maker would have been toast without him."

The former prime minister — who has just failed at a second attempt to secure the top job — will make an appearance at the International Symposium on Blockchain Advancements in December.

Plus, El Salvador is being too private about their BTC holdings, while Musk gets help from a16z.

General partner Sriram Krishnan shared that he and some other “great people” are helping out at Twitter.

Less than a week after Elon Musk officially purchased Twitter, the dog memecoin is up over 150%.

But not only was the BTC purchased using public funds, El Salvador’s president tweeted each time he purchased the cryptocurrency.

Musk will be a very busy man — as well as being CEO of Tesla and SpaceX, he's set to lead Twitter on an interim basis.