NEAR Foundation announced it would reduce its workforce by approximately 40%, affecting 35 team members across a variety of departments, primarily marketing, business development and community teams. As revealed in the Foundation’s latest update, this decision was made as part of a broader realignment strategy aimed at focusing on high-impact activities and further decentralizing the ecosystem. Strategic reorganization and workforce reduction NEAR Foundation’s decision to reduce team size is part of a calculated move to streamline operations. The move reflects the foundation’s willingness to consolidate its efforts by focusing on a narrower range of activities that promise greater impact. This…
Author: Crypto Flexs
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Several large cryptocurrencies, including Ethereum, Solana, Cardano, etc., rallied following the approval of a spot Bitcoin exchange-traded fund (ETF) in the US.BTC’s price traded mostly unchanged following the news, up slightly by 1.35% at $46,258 at press time. Considering the hype and enthusiasm the application has generated over the past few months, this price-performance ratio is surprising.Some analysts have predicted that the ETF approval could be a “sell the news” development. K33 Research Senior Analyst Vetle Lunde assert BTC’s price performance following rumors of the SEC’s fake ETF approval on January 9 showed that “ETF approval rehearsals favor news selling…
Posted 1 minute ago In ~ As spot Bitcoin fund trading began trading for the first time in the United States, users with brokerage accounts with Vanguard were unable to participate. When reached by phone Thursday, a day after the Securities and Exchange Commission approved 11 spot funds, a Vanguard customer service representative said Bitcoin ETFs would not be available on the platform because they were “highly speculative,” “unregulated,” and unsuitable. I said no. With the company’s long-term investment philosophy, officials noted that the platform does not allow other types of investments, such as leveraged ETFs. A company spokesperson confirmed…
In the vast tapestry of technological evolution, our lives undergo profound changes, and adjustments to our financial affairs are no exception. With the rise of digital currencies and the massive impact of blockchain technology, traditional monetary methods have been reduced to a shadow of meaninglessness.Whether fueling the journey into the cryptocurrency casino space or opening up new investment avenues, the cryptocurrency wave is reshaping the financial landscape. The story sets out to explore the transformative power that digital currencies wield, unraveling their disruptive dance within the bastions of traditional banking. Peeling back the layers to reveal the various benefits that…
The cryptocurrency market is currently witnessing a significant milestone with the U.S. Securities and Exchange Commission (SEC) approving an all-Bitcoin spot ETF. On January 10, 2024, the world of cryptocurrencies reached a milestone as the SEC finally gave approval to the Bitcoin Spot ETF after much heated debate and eager waiting. With the approval of these ETFs, we see this as a game-changer for the cryptocurrency market. Imagine more investors and significant cash flowing in. The SEC’s approval signals a big thumbs up for the validity and promise of cryptocurrencies, paving the way. So that the wider public can accept…
Despite what Yellowstone would have us believe, the days of cowboys becoming gun-toting outlaws have come and gone. In the Wild West, this was a must. But today, these men and women are much more concerned with meeting quotas and increasing profits. This depressing reality is why stories about the good old days of cowboys are so popular. It ignites that little spark of primordial anarchy within us all. Hacksaw has capitalized on this spark and created a firestorm with a popular new game called the 2 Wild 2 Die slot. Locked and loaded Silver and gold revolver symbols may…
The U.S. Securities and Exchange Commission (SEC) recently approved an 11-stock Bitcoin exchange-traded fund (ETF), marking a major milestone in integrating the cryptocurrency into mainstream financial markets. Eight of these are in partnership with Coinbase, highlighting the platform’s important role in this development. Historical context and significance This decision by the SEC is considered a watershed moment for the cryptocurrency economy, especially Bitcoin. Coinbase, a major player in the cryptocurrency world, has been appointed as custodian for the newly approved ETF. The approval of a Bitcoin spot ETF not only acknowledges the growing legitimacy of Bitcoin as an asset class,…
BitBar is a relatively new cryptocurrency that is making waves in the financial world. Through unique features and innovative approaches, BitBar is changing the way people think about digital currencies. In this article, we’ll take a look at the secret power of BitBar and how it’s revolutionizing gaming. What is BitBar? BitBar is a decentralized digital currency that operates on a peer-to-peer network. It was created in 2013 and is based on the Bitcoin protocol. BitBar is designed to be a store of value similar to gold and aims to provide users with safe and stable investment options. How is…
The long-awaited London upgrade is now ready to be deployed to the Ethereum testnet! The upgrades begin first with Ropsten’s blocks. 10499401This is expected to occur around June 24, 2021. This upgrade includes: Berlin, which was activated on the Ethereum mainnet just a few months ago. By starting work in London while Berlin was launching, the client team was able to roll out this network upgrade at record speed! The upgrade includes the following EIPs: Ethereum Cat Herders announced. blog post Review the details of these EIPs. It is worth noting that EIP-1559 is backwards compatible with the current transaction…
Ethereum price rose above the resistance level of $2,450. ETH has outpaced Bitcoin and appears poised for a bigger rise to $2,880. Ethereum is gaining speed by breaking above the $2,450 resistance level. The price is trading above $2,500 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above the main rising channel with resistance near $2,440. The pair is already up more than 5% and could rise further above the $2,650 resistance. Ethereum price rising Ethereum price broke above the $2,350 resistance level and began a significant rise. Recently, a…