dYdX lays off 35% of staff shortly after major Consensys cuts

One official said that after banning crypto payments in late 2019, Uzbekistan won’t ever reconsider its decision. 534 Total views 57 Total shares The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official.Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted…

Financial advisory firm Canaccord Genuity has predicted that bitcoin (BTC) could hit $20,000 by 2021 based on retrospective projections in an analysis published on May 9.This prediction is based on a close similarity between the four-year price cycles of bitcoin during the 2011–2015 and 2015–2019 ranges, as shown in the following graph:Bitcoin price cycles. Source:…

With the crypto market turning up its pace of growth over the last year and a half, the idea behind central bank digital currencies (CBDCs) seems to have gained an increasing amount of traction among many governments and retail banking institutions. In this regard, as per a study recently released by consulting giant PwC, more…

Crypto.com co-founder and CEO Kris Marszalek unveiled his company's 2020 expansion plan in a talk today at BlockShow Asia 2019 in Singapore.The plans include launching its own exchange, shipping VISA MCO cards to almost every region in the world, and launching a non-custodial wallet.With the motto that “it’s your basic human right to control your…

Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to its customers.Jian, the former chief technology…

A Feb. 3 paper authored by Nikolai Durov, a Telegram co-founder, lays out the details of Telegram Open Network’s consensus mechanism, named Catchain. The proposed solution is a Byzantine Fault Tolerant (BFT) Proof of Stake (PoS) algorithm, similar to that used by NEO or Cosmos.BFT algorithms are attempted solutions to solve the Byzantine Generals problem,…

Some pointed their fingers at podcaster Anthony Pompliano for promoting the crypto lending platform quite recently. 762 Total views 4 Total shares As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market. Despite BlockFi citing the FTX contagion as the…

The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates. 265 Total views 2 Total shares The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry. Within the span of 30…