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Polygon Labs, in a strategic move to enhance operational performance, announced a workforce reduction of 60 employees, accounting for a 19% cut. The decision, shared by CEO Marc Boiron, aims to maintain a lean and efficient team. Polygon Labs to Lay off 60 Employees in Bid to Return to Core Execution Qualities Polygon Labs has […]

Self-DirectedGold IRAs are great as they allow you to place your money in the precious metals, without having to engage any middlemen. In fact, these accounts are so simple , even your grandmother could manage it! If you purchase physical gold, silver, platinum, palladium and rhodium coins, bars, rounds and bullion, you get immediate liquidity.

Australian Dollar Withdrawal Requests The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with crypto-to-crypto withdrawal requests will have to

Stablecoin Market Capitalization Sees Significant Increase Recent data shows a notable rise in the combined market capitalization of leading stablecoins over the past month. The total market capitalization has increased from $131.71 billion to $136.56 billion, indicating a growth of approximately $4.85 billion. Tether (USDT) Approaching 100 Billion Tokens in Circulation Tether, the top stablecoin

On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve made the decision to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) also stated that the committee "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation" is steadily approaching the 2%

NFT Market Faces Sharp Decline From January 20 to January 27, 2024, there was a significant decline in the sales volume of non-fungible tokens (NFTs), with a plunge of 21.25% compared to the previous week. Both Ethereum and Bitcoin, the leading blockchains in seven-day sales, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. Steepest

SEC Prioritizes Crypto Enforcement The U.S. Securities and Exchange Commission (SEC) experienced a significant surge in crypto-related enforcement actions in 2023, surpassing the previous year by over 50%, according to a recent report. The SEC considers cryptocurrency-related enforcement as one of its top priorities and has initiated 46 enforcement actions against various participants in the

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Chinese investors are increasingly diversifying their portfolios by investing in cryptocurrency, driven by the current state of the national stock market. Despite the ban on cryptocurrency trading and purchasing since 2021, investors in China have found alternative ways to allocate a significant portion of their assets to crypto. Chinese Investors Seeking Profitability in Crypto According

Introduction Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin ETFs are likely to attract investors who are keen on "more regulated