Polygon Labs announces 19% reduction in staff to streamline operations

Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments. The decision, announced by CEO Marc Boiron in an internal memo on Feb. 1, is part of the company’s broader strategy to realign its focus on core projects and accelerate its mission in the web3 ecosystem. Staff cuts Despite …

Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital

Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy. Ionic would be led by the former Chief …

Singapore issues warning on rising ‘crypto drainer’ phishing scams

Singaporean authorities have recently issued a joint advisory through the Singapore Police Force (SPF) and the Cyber Security Agency of Singapore (CSA), cautioning crypto traders about the escalating menace of digital asset wallet drainers. In their Jan. 31 advisory, the SPF and CSA highlighted crypto drainers’ pivotal role in phishing attacks, specifically helping malicious players …

A new take on Proof of Work – Core Blockchain XCB is a dark horse for 2024

Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape. Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first …

Bitcoin’s steady stand: 146 days of trading between $40k and $45k

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Bitcoin challenges ‘Magnificent Seven’ tech giants with 84% annual gain amid ETF buzz

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Tether reports $5B reserve excess after making more profit than Goldman Sachs last quarter

Goldman Sachs reported a profit of $2.01 billion in the last three months of the previous year, while Tether’s Q4 report revealed that its profits comprised $1 billion from U.S. Treasury bills and $1.85 billion from holdings in Gold and Bitcoin. This remarkable performance can be attributed to the surge in the crypto market, driven by …

Crypto Trader Says Dogecoin Rival Flashing Bullish Signal, Predicts Bitcoin Will Surge by Double-Digits

Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment on a Dogecoin (DOGE) competitor and Bitcoin (BTC). Martinez tells his 42,700 followers on the X social media platform that the Tom Demark (TD) Sequential indicator is “flashing a buy signal” for Shiba Inu (SHIB) and “hinting that SHIB could be gearing up for an …

Analyst Michaël van de Poppe Forecasts 90% Rally for Top-20 Ethereum-Based Altcoin, Updates Outlook on Bitcoin

A widely followed cryptocurrency analyst and trader believes that one top 20 altcoin project is primed to move another leg up. Michaël van de Poppe tells his 692,300 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) could increase about 90% from its current value. “Chainlink is still stuck in …

Top crypto projects to release $1 billion tokens from lock ups this February

This February, several crypto projects, including prominent ones like Avalanche, Aptos, Sui, and others, are poised to release over $1 billion in digital assets, according to data compiled by CryptoSlate from Token Unlocks. Token unlocks refer to the gradual release of specific quantities of previously restricted cryptocurrencies to prevent substantial sell-offs by early investors or …

Bitcoin ETFs sees $197 million inflow, BlackRock and Fidelity lead the charge

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From record highs to notable lows: Bitcoin fees after the inscription booms

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$60,000 Bitcoin Incoming if This Happens, According to Crypto Analyst Kevin Svenson

Cryptocurrency analyst and trader Kevin Svenson believes Bitcoin (BTC) could be on the cusp of a rally over the coming days and weeks. Svenson tells his 71,600 YouTube subscribers that a weekly Bitcoin close above the resistance zone of around $44,000 opens up the possibility of the flagship crypto asset rallying by a little over …

Google allows spot Bitcoin ETF ads; BlackRock, VanEck among sponsored links

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Here’s why Bitcoin perpetual futures market saw high volatility in January

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