Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.As part of a drive to cut costs, the firm is also refocusing its strategy and investing in automation, CoinDCX’s founders Sumit Gupta & Neeraj Khandelwal said in a statement announcing the job cuts on Tuesday. “Startups and businesses globally are going through challenging times due to tou...
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token.The digital asset rose about 1% to $48,436 as of 9:50am Monday in Singapore, poised for a seventh straight daily gain that would mark the longest such streak since January 2023 if the advance holds, data compiled by Bloomberg show.Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted...
Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.The largest digital asset’s run of daily increases is the longest in three months, leaving the original cryptocurrency at $70,785 as of 8:25am Wednesday in New York, some 4% shy of the record high $73,798 set in mid-March.Traders are pri...
Trump vowed on the campaign trail to put the US at the center of the digital-asset industry. Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.Trump was declared the winner in Arizona, marking a clean sweep of the seven US battleground states. His decisive victory in the presidential election has prompted celebratory c...
