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Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’

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 […]

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Australian Creditors of FTX Crypto Exchange Receive Boost in Money Recovery

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

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The Growth of the Stablecoin Economy in January 2024

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

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Fed Holds Rate Steady, Aiming for ‘Greater Confidence’ in Inflation Control

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%

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SEC Crypto Enforcement Reached New High in 2023

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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Infinite Banking in Self Directing | Special Guest Chris Naugle

Self-Directed Gold IRAs are great as they let you put money into precious metals without needing to work with middlemen. These accounts are so simple that even your grandmother could set it up! If you purchase physical gold, silver palladium, platinum and rhodium coins, bars, rounds and bullion, you’ll get instant liquidity. If you’re looking

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Chinese Investors Turn to Cryptocurrency Amidst Slump in National Stock Market

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

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How Spot Bitcoin ETFs are Impacting Centralized Exchanges

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

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