by Lindi Miti | Jul 22, 2022 | News, Weekly Recap
Tesla Sells 75% Bitcoin Holding Elon Musk, the CEO of Tesla, announced that the company has sold off 75% of its bitcoin holding. The cash-strapped company added $963 million to its balance sheet after the sale. Musk added that the company is still holding on to its...
by Lindi Miti | Jul 5, 2022 | News, Weekly Recap
Vauld Pauses Withdrawals Vauld, a Singapore-based cryptocurrency exchange, has suspended withdrawals, deposits, and trading on its platform. The company released a statement informing customers that it was facing financial challenges. The company cited the current...
by Lindi Miti | Jun 29, 2022 | News, Weekly Recap
Houbi To Lay Off 30% of Staff Houbi Global, a Seychelles-based cryptocurrency exchange, could lay off up to 30% of its staff members due to a sharp decline in revenue. According to China-based crypto-journalist Colin Wu, the revenue decline is due to the removal of...
by Lindi Miti | Jun 23, 2022 | News, Weekly Recap
Binance US Zero BTC Trading Fees Binance US announced they are cutting spot trading fees for four bitcoin pairs. The cryptocurrency exchange will charge zero fees for buying and selling bitcoin. “As recession fears mount and inflation costs increase, we believe in...
by Lindi Miti | Jun 21, 2022 | News, Weekly Recap
Solend Governance Debacle Solend, a decentralized protocol for lending and borrowing on Solana, voted to take over a whale’s account without their permission on Sunday. After an uproar on Twitter, Solend Labs voted to invalidate their initial proposal. Instead,...
by Lindi Miti | Jun 20, 2022 | News, Weekly Recap
Elon Musk Accumulates Doge Amid the crypto crash, Elon Musk, the founder of Tesla, tweeted that he still supports Dogecoin on Saturday. The price of DOGE coin shot up nearly 10% after the tech billionaire tweeted. DOGE is currently trading at $0.057 at the time of...
