Tag: crypto exchange

Crypto job postings drop nearly 60% in December 2023 despite recent bitcoin rally
6Jan By adminNo Comments
Technology

Crypto job postings drop nearly 60% in December 2023 despite recent bitcoin rally

[ad_1] Hiring in crypto isn't heating up as fast as the recent rally the space has seen on expectations of an imminent approval of a US exchange-traded fund investing directly into Bitcoin. Crypto job postings on LinkedIn declined 57% year-over-year in December, less than the 71% year-over-year drop in November, according to the professional networking site. Between November and the end of the year, Bitcoin's price rose 57%, according to data compiled by Bloomberg. At jobs board CryptocurrencyJobs.co, which charges for job posts, December was one of the best months of 2023 in revenue, said Daniel Adler, the website's founder.  We are now on WhatsApp. Click to join. For much of 2023, layoffs abounded, with companies like Gemini Trust and Binance.US shedding staff amid a regulatory crac...
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Crypto Hacks Down, But Hackers Still Stole About $1.7 Billion in 2023 From Crypto Projects
13Dec By adminNo Comments
Technology

Crypto Hacks Down, But Hackers Still Stole About $1.7 Billion in 2023 From Crypto Projects

[ad_1] The amount of funds crypto projects lost to hackers has declined by about half to around $1.7 billion so far this year, amid improved security measures and an uptick in law enforcement actions. Even with any additional hacks in December, this year will likely “finish with significantly lower totals than 2022,” according to TRM Labs, which helps clients detect financial crimes. Last year's tally of $4 billion from crypto hacks included a number of large thefts, such as a $600 million-plus attack on a blockchain network called Ronin bridge that was connected to the Axie Infinity game.  “While we are always one Ronin-size hack away from a record setting year, the global focus on cybercrime is likely to, at least in part, mitigate some of the activity which is critical in order for t...
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Binance’s Changpeng Zhao pleads guilty, steps down to settle US illicit finance probe
22Nov By adminNo Comments
Technology

Binance’s Changpeng Zhao pleads guilty, steps down to settle US illicit finance probe

[ad_1] Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the largest corporate penalties in U.S. history. It is another blow to the crypto industry that has been beset by investigations and comes on the heels of the recent fraud conviction of FTX founder Sam Bankman-Fried. But several legal experts said it was a good outcome for Zhao, leaving his vast wealth intact and allowing him to retain his stake in Binance, the exchange he founded in 2017. Binance broke U.S. anti-money laundering and sanctions laws...
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Bitcoin Has More Than Doubled This Year In Resurgence
7Nov By adminNo Comments
Technology

Bitcoin Has More Than Doubled This Year In Resurgence

[ad_1]  Bitcoin has now more doubled in value this year in a surprising resurgence from a tumultuous 2022 that had some skeptics predicting the demise of digital assets.  The largest cryptocurrency by market value rallied for a third day, pushing the price back to around $35,000, the highest level in about 18 months. Bitcoin tumbled 64% last year amid industry scandals and bankruptcies. It reached a record of almost $69,000 in late 2021. Growing expectations that the US Securities and Exchange Commission will authorize exchange-traded funds that invest directly in the cryptocurrency after a decade of deliberation has fueled a more than 25% rally over the past two weeks. “Sentiment is clearly bullish as more and more signs start to reveal what appears to be a likely, imminent listing for...
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Crypto Memes Kick Back Into High Gear After Bitcoin ETF Frenzy
30Oct By adminNo Comments
Technology

Crypto Memes Kick Back Into High Gear After Bitcoin ETF Frenzy

[ad_1] If there's one thing that crypto enthusiasts love more than the digital assets themselves, it's memes. A frenzy of crypto-based memes have gained fresh momentum last week as Bitcoin rallied.Growing expectations that the US Securities and Exchange Commission will authorize exchange-traded funds that invest directly in Bitcoin pushed the largest crypto by market value up by more than 25% over the past two weeks to around $35,000 on Wednesday — its highest level in about 18 months. The breakout gives bulls some hope even as reminders of the industry's recent woes linger. Just last week, Sam Bankman-Fried took the stand in his own defense of criminal charges stemming from the collapse of his crypto exchange FTX. He has pleaded not guilty. We are now on WhatsApp. Click to join. Memeco...
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Sam Bankman-Fried, the fallen wunderkind of cryptocurrency
29Sep By adminNo Comments
Technology

Sam Bankman-Fried, the fallen wunderkind of cryptocurrency

[ad_1] He was the face of cryptocurrency, and a young one at that -- a media darling seemingly destined to unite the sector.But Sam Bankman-Fried's stunning rise to prominence and wealth would be matched by his spectacular fall, and with it that of his platform FTX. In the space of just a few months,  the Massachusetts Institute of Technology graduate with a degree in physics had taken a startup he founded in 2019 and built it up into the world's second-largest crypto exchange platform. He quickly became more than just a young entrepreneur, fashioning himself as an ambassador of crypto and making his first appearance in Congress in December 2021, testifying before lawmakers on the then-novel form of currency.The public would come to know a seemingly oddball whiz kid with a mop of curly ...
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FTX founder Sam Bankman-Fried Agrees to Gag Order With Bail Status in Jeopardy
25Jul By adminNo Comments
Technology

FTX founder Sam Bankman-Fried Agrees to Gag Order With Bail Status in Jeopardy

[ad_1]  FTX founder Sam Bankman-Fried has agreed to a gag order largely preventing him from publicly discussing his case after prosecutors accused him of trying to discredit their star witness, Caroline Ellison.The order still needs to be approved by US District Judge Lewis A. Kaplan, who has summoned the former chief executive officer to appear in court Wednesday. The judge will deal with the “adequacy and continuation” of Bankman-Fried's bail, suggesting his current house arrest could be in jeopardy. According to the proposed order, filed in federal court Manhattan Monday, Bankman-Fried and other parties would be banned from discussing anything with the press that could interfere with a fair trial. That would include statements about the credibility of witnesses, information that isn'...
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National Technology Day: Biggest Tech Trends in 2023-What industry leaders really believe in
11May By adminNo Comments
Technology

National Technology Day: Biggest Tech Trends in 2023-What industry leaders really believe in

[ad_1] National Technology Day is when we can all stop and think about how far we have come in terms of tech advancements, and how far we can go with current innovations. Just one year ago, nobody could have predicted that artificial intelligence could become such a big innovator in the tech space. Before that, it was virtual reality and metaverse, and further back it was web3 and blockchain technology. So, we at HT Tech, asked various industry leaders operating in the tech space on what they believed could be the biggest trends in the technology domain. Check it out below.Biggest Tech Trends in 2023Sriram PH is the cofounder and CEO of DaveAI, an AI-powered sales augmentation platform. He believes that the year 2023 could be of generative AI such as ChatGPT and Google Bard. He said, “G...
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Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?
17Apr By adminNo Comments
Technology

Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?

[ad_1] When Bitcoin plunged from around $30,000 to below $20,000 in little more than a week last year, Three Arrows Capital co-founder Su Zhu described the tailspin as the “nail in the coffin” for his hedge fund.Fast forward to today, and the largest cryptocurrency has just retraced that path from $20,000 back to $30,000 in the past month — but the industry is a shadow of what it was the last time the token crossed that milestone. That's because several more caskets were hammered shut in the domino-like wave of bankruptcies that followed Three Arrows' collapse: Voyager Digital, Celsius, FTX, Blockfi, Genesis Global, and other formerly high-flying startups. It's clear that while the mood has improved compared with last year's apocalyptic vibe, the promising Bitcoin rebound alone won't be...
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Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade
10Apr By adminNo Comments
Technology

Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade

[ad_1] The Ethereum network is set to undergo a technical revamp on April 12 that will allow users to withdraw tens of billions of dollars of its native token, Ether. Known as the “Shanghai” upgrade, it's a necessary step after the world's most commercially important crypto platform shifted to a less power-hungry process for ordering transactions. Investors burned by recent turmoil in crypto markets will be wondering if, presented with their first opportunity to withdraw their tokens, some Ether holders will run for the hills. 1. What is Ethereum?It's a computer network that hosts what are known as smart contracts — self-executing software agreements in which a chain of actions can flow from defined conditions and contingencies. Since it was introduced by crypto entrepreneur Vitalik But...
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