• Coinbase (COIN) to slow hiring amid plunge in crypto and tech stocks0

    Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase has become the latest tech company to warn of a slowdown in hiring. The crypto exchange told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its

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  • China blockchain explainer: What is BSN?0

    China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019,

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  • FBI Arrests NY Crypto Platform CEO for Alleged Fraud0

    Slumping cryptocurrencies have not only had to deal with plummeting values lately, but authorities are uncovering more and more crypto crimes that are adding to the industry’s bad name. U.S. tax authorities have said they were following 50 separate leads into scams involving nonfungible tokens and other aspects of the crypto industry. Tax investigators also

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  • Regulators anxious about stablecoins like tether after UST collapse0

    The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week

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  • Bitcoin bounces above $30,000 as investors digest fallout from Terra0

    The logo of the Bitcoin cryptocurrency in a window of an office building in the Mitte district of Berlin, Germany, on Tuesday, Feb. 15, 2022. Krisztian Bocsi | Bloomberg | Getty Images The price of bitcoin bounced on Friday and wavered over the $30,000 mark, after dropping to 2022 lows earlier in the week, as

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  • Tether (USDT) stablecoin regains peg after $3 billion in withdrawals0

    Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which is meant to always be worth $1 — sunk as low as 95 cents on Thursday and struggled to climb back to its intended dollar

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