Jack Dorsey’s fintech company Block (Cash App, Square, Afterpay) is preparing to reduce its workforce by up to 10% as part of a major restructuring. This is reported by Bloomberg, citing informed sources. The layoffs will affect employees across various divisions following an annual performance review, which will conclude at the end of February. This […]
The Sharpe ratio for the leading cryptocurrency has dropped to -10, the lowest since March 2023. CryptoQuant analyst known as Darkfost believes that the indicator’s move into negative territory historically signals the final stage of a bear market. 📊 The Sharpe ratio has just entered a particularly interesting zone, one that has historically aligned with […]
Bitcoin tested a local bottom near $60,000, mining difficulty fell 11%, crypto treasuries posted sizeable “paper” losses, reporters uncovered a secret Trump deal, and other developments of the week. Two‑year lows Over the past seven days the crypto market probed lows last seen in September 2024. As recently as Monday, bitcoin traded just below $80,000, […]
The decline of Bitcoin below $70,000 is perceived differently by long-time holders and new investors. The former feel uncertain, while the latter see an ‘opportunity,’ stated Bitwise CEO Hunter Horsley in an interview with CNBC. According to the executive, institutional players in the current situation ‘see prices they thought they had missed forever.’ Horsley acknowledged […]
In the coming months, the crypto market is expected to see an increase in project acquisitions by larger companies, potentially leading to a significant reduction in fragmentation. This view was expressed by Bullish CEO Tom Farley in an interview with CNBC. “I worked in the exchange sector during continuous large-scale consolidation. The same will begin […]
Following the latest adjustment, the mining difficulty of the leading cryptocurrency decreased by 11.16% to 125.86 T. Source: CloverPool. This decline is the most significant since the major crackdown on cryptocurrency miners in China in 2021, when the parameter plummeted by nearly 30% in early July. After the difficulty adjustment, Bitcoin’s hash rate surged to […]
In late January, Istanbul’s prosecutor announced the seizure of $544 million in digital assets linked to illegal betting and money laundering. The operation was conducted with the assistance of Tether, according to Bloomberg. The Turkish authorities stated that the funds, attributed to the wanted Veysel Sahin, were frozen at the request of a cryptocurrency company, […]
ENS Labs, the company behind the Ethereum Name Service, has announced the cessation of its own L2 solution, Namechain. ENSv2 will be deployed exclusively on Ethereum.https://t.co/lCUmvhcRmH — ens.eth (@ensdomains) February 6, 2026 In 2024, the project team announced the creation of a second-layer network for the planned ENSv2 upgrade. At the time, this solution seemed […]
We have compiled the week’s most important cybersecurity news. Coinbase confirmed a user-data leak. The operator of a major darknet drug market was sentenced to 30 years. DeFi platform Step Finance lost $40m after a breach of treasury wallets. Global Ledger: crypto scammers are giving victims ever less time to react. Coinbase confirms user-data leak […]
The team at South Korean exchange Bithumb admitted to mistakenly paying some users “abnormally large amounts” in bitcoins. Several accounts immediately sold the assets, causing a price dip. According to the statement, Bithumb’s control system swiftly identified the unusual transactions and blocked the account from which they were made. The cryptocurrency’s price “returned to normal” […]
