The cryptocurrency exchange Coinbase announced that it will reduce its workforce by 18% in order to reduce operating costs.
The economy in general has been hit hard in recent months, especially the cryptocurrency sector, which has meant that many exchanges have been forced to make massive layoffs…
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Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…
Cryptocurrency ATM Installation Down 90%
Global ATM installations fell steadily so far in 2022, registering the lowest number in May with 205 new equipment, which is equivalent to a drop of around 89.75% in the month, a figure that was not seen since 2019. However, so far in June…
Ukraine’s GDP fell in the first quarter of the year
The Gross Domestic Product (GDP) of Ukraine registered a contraction of 19.3 % in the first quarter of 2022 compared to the previous three months, according to the operating estimate of the State Statistical Service of Ukraine.
Compared to…
World Bank forecasts low economy growth
The World Bank recently said that the growth of the global economy was somewhat lower than previously expected.
According to the financial institution, a "prolonged period of low growth and high inflation" is likely to occur, mainly in…
The Summit of the Americas begins under certain controversies
This week will begin the IX Summit of the Americas, which this time will be held in the city of Los Angeles, California. However, the diplomatic meeting will take place without the presence of countries such as Cuba, Nicaragua and…
Brazilian exchanges ask for a vote on the Bitcoin Law
The Brazilian Association of Cryptoeconomics (ABCripto) sent a letter to the federal deputies of Brazil sending its full support to PL 4401/01, the Bitcoin Law.
In addition to their support, the member companies of this association…
The FED predicts a change in payment methods
John Williams, president and CEO of the New York Federal Reserve, warned the world of the economy in general to prepare for a significant change in the way payments will be made in the future.
The representative of the entity spoke during…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
Shanghai lifts coronavirus restrictions
The Chinese city of Shanghai eased anticovid restrictions after two months of home confinement. As of midnight on Wednesday, most citizens of the economic center of the city can move freely, shopping malls open again and public transport…
Binance will tour Africa to talk about cryptocurrencies
Binance, faced with the growing increase in the volume of cryptocurrencies that was observed between 2020 and 2021, has been in a mass information campaign on this topic in the African community.
Mainly, university students from the…
Binance finally authorized to operate in Italy
The cryptocurrency exchange Binance recently received authorization to carry out exchange operations in Italy.
Through the official blog of the exchange owned by Changpeng Zhao, it was confirmed that the registry authorized it to operate…