Tesla will lay off more than 10% of global workforce
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning. “As we prepare the company for our next phase of growth, it is
Crypto.com CEO Expresses Concern over Surging Valuations in Crypto Sector
Crypto.com CEO Kris Marszalek has raised concerns about the sustainability of the surging valuations in the cryptocurrency sector. In a recent interview with Bloomberg, Marszalek expressed skepticism about the generous valuations being thrown around by project teams as the industry experiences
PayPal Says NFT Purchases No Longer Backed By Its Protection Program
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20. In an online announcement, PayPal said amendments to its protection program will exclude NFTs and any payments that you initiated via a third-party
Privacy Protocol Railgun Denies Any Link to Lazarus Group
Railgun has publicly denied any connection with the sanctioned North Korea‘s Lazarus Group using its platform for illicit activities. In a social media post addressing the allegations, Railgun stated that their system rigorously prevents any sanctioned or malicious users from accessing
Crypto Service Providers in Canada Must Report Transfers, Customer Data By 2027
Crypto firms in Canada will soon face increased disclosure obligations, per regulations introduced in Tuesday’s 2024 federal budget. The Canadian government said it intends to implement the Crypto-Asset Reporting Framework (CARF). This framework, endorsed by the Organisation for Economic Co-operation and
Bitcoin Price Prediction as $40 Billion Trading Volume Comes In – Did Whales Buy the Dip?
Bitcoin Price Prediction Recent Bitcoin price predictions become a focal point as the cryptocurrency maintains its position at $63,900, with a modest uptick of 0.15%. This stability unfolds amidst varying market conditions, including the cooling interest in spot Bitcoin ETFs and
Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins
Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins. The bill, which focuses on defining how stablecoins will operate within the United States, represents another attempt to introduce targeted legislation for the
New Solana GambleFi Token Mega Dice Raises $300,000+ in Crypto Presale
New Solana GameFi token Mega Dice (DICE) has now raised over $300,000 in its presale, which opened this week and has already begun attracting investors. Mega Dice is already a well-established name in the world of cryptocurrency casino platforms, yet the
South Korean Won Saw $456B in Crypto Trades in Q1, Overtaking US Dollar
The South Korean won has emerged as the leading fiat currency for cryptocurrency trading, overtaking the US dollar in the first quarter of 2024. According to a recent research report by Kaiko, the South Korean won accounted for more than $456 billion
Inside the GOP reckoning over Arizona’s 1864 abortion ban
PHOENIX — A Republican state legislator proclaimed on the floor of the Arizona Senate two months ago that “abortion is the ending of an innocent human life.” Another includes a declaration on his website that he will always “fight for the