Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900, CEO Michael Gronager told employees in an email Monday evening as the company broadens its retreat from the commercial market while concentrating on more stable government contracting.
This is the second round of cuts for the company, which was valued at $8.6 billion in 2022, this year as last year’s cryptocurrency decline limits commercial ...
Several reports about El Salvador's security policies, economic recovery, bond strength, and even tourism booming due to the influence of bitcoin and its community are part of the news about this Central American country. We had an exclusive interview with vice-president Felix Ulloa to understand this news better.
At the end of July, Bloomberg reported that despite being concerned about the country's adoption of bitcoin as legal tender in 20...
Traditional banking, or “TradFi” in the cryptocurrency world’s vocabulary, is poised to take a bigger position in the cryptocurrency investing and trading infrastructure. For starters, the biggest funds will mostly come from traditional finance, even if some startups blazed the pathway, like Grayscale. They’ll either be bought out like BlackRock’s
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purchase of Barclays’ iShares ETFs, or eventually dwarfed by a collection of newer crypto...
In the face of escalating energy expenses and mounting ecological concerns, the bitcoin mining sector is embracing a wave of innovation. This evolution is not just about survival; it's about pioneering a path to a sustainable and profitable future. Beyond endurance in a challenging market, today's bitcoin miners are flourishing. They're harnessing the power of state-of-the-art cooling solutions and innovative operational tactics to ensure pr...
