50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

The company behind the Nebulas blockchain project has gone from a team of 80 people to just 30, CoinDesk has learned. After gaining attention in August for its decision to delay its token distribution, including holding onto founder tokens for a period of 10 years, the company has undergone a series of layoffs that have seen peripheral elements of its roadmap shelved, at least pending a recovery in the market for Nebulas’ NAS token. “One of the reasons was the market price kept going down,” Becky Lu, a spokesperson for…

NASDAQ CEO | Friedman Thinks Crypto Deserves Place in Our Economy

It bodes well for cryptocurrencies everywhere that the CEO of the world’s largest exchange, NASDAQ, has their back. Specifically, Adena Friedman thinks they “deserve an opportunity to find a sustainable future in our economy.” The comments were made yesterday by Friedman in a posting on her LinkedIn profile. The president and CEO of the Nasdaq exchange was writing ahead of her scheduled appearance at the World Economic Forum at Davos. NASDAQ CEO and Crypto Friedman believes crypto will have an important part to play in the future, believing “the invention itself [is] a tremendous…

Living on Bitcoin Day 6: An Artist, a Dev and a Moon Boy Walk Into a Bar…

This is the fifth instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 , onDay 4 and on Day 5. On day six I woke with a renewed sense of energy. My last two days in San Francisco were booked up with plenty to do, and yesterday’s purchase had reinvigorated the experiment’s sense of purpose. That morning I wrote, paid Kashmir back for the breakfast (she got into her…

Bakkt Makes Initial Hiring Push for Bitcoin Futures Exchange

Ahead of its hotly anticipated launch, bitcoin futures exchange Bakkt has launched a hiring campaign. Eight new job posting were published Tuesday on the company’s website. Bakkt is looking for several experienced software developers, including mobile and blockchain developers; an institutional sales manager with experience in North America or Asia; and three higher-level positions including a director of finance, director of security engineering and director for blockchain engineering. An institutional-grade regulated exchange for crypto derivatives founded by the Intercontinental Exchange (the New York Stock Exchange’s parent company), Bakkt was expected…

Bitcoin Price Analysis: BTC Lift Off, Cross-Hairs at $4,500

Bitcoin Price recover, bulls bounce back Market leaders set positives in Blockchain and crypto There is a jump in market participation level. Volumes swell in the 4HR time frame After Jan 20 drops, BTC is finding support at around $3,500—the lower limit of our support zone. As a result, there is a likelihood that Bitcoin prices will rally in coming days. Bitcoin Price Analysis Fundamentals Jerry Yang has been a longtime fan of blockchain and cryptocurrencies. So, his recent comment at the Nikkei Innovation Asia Forum held in Singapore is…

London Stock Exchange’s Trading Tech to Power New Crypto Exchange

The London Stock Exchange (LSE) is providing the trade-matching technology for an upcoming cryptocurrency exchange in Hong Kong. The LSE Group announced Tuesday that its Millennium Exchange matching engine has been chosen to power AAX, a new exchange platform being launched by Hong Kong-based fintech firm ATOM Group. AAX is scheduled to be launched in the first half of this year and will be the first crypto exchange to use the matching engine product, according to the LSE. According to a separate statement from the ATOM Group on Tuesday, the LSE…

Coinbase Adds Cross-Border Wire Transfers for Whales in Europe and Asia

Crypto exchange Coinbase is launching cross-border wire transfers for institutional clients in Asia, the U.K. and Europe. Coinbase said in an announcement Tuesday that, for clients in countries where fiat payments rails aren’t yet available, the firm will now support inbound and outbound SWIFT transfers from non-US bank accounts. It added: “This new feature will allow Coinbase customers in many countries throughout Asia and EMEA to access Coinbase’s deep pool of crypto liquidity for the first time.” Simultaneously, the firm said it will offer new OTC trading desks for U.S.…

$3.2 Trillion in Bitcoin Payments Processed in 2018, Better Version of Gold?

Image: Shutterstock By CCN.com: Throughout 2018, more than $3.2 trillion worth of Bitcoin payments were processed on the public blockchain network. The high on-chain transaction volume of the dominant cryptocurrency has demonstrated the efficiency of the asset as a cross-border payment method and as an alternative to existing settlement systems for international payments. Is Bitcoin a More Efficient Version of Gold? Often, Bitcoin is compared to gold as a store of value and a medium of exchange. Both assets are unaffected by the performance of the broader financial market and…