50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff
Once a top-100 cryptocurrency, Nebulas has laid off more than 60 percent of its staff since July 2018, CoinDesk has learned. …
Bakkt Makes Initial Hiring Push for Bitcoin Futures Exchange
The hotly anticipated bitcoin futures platform plans to hire at least eight individuals in areas from sales to tech to finance. …
What We Learned in 100 Crypto Talks With Institutional Investors
Endowments, family offices, pensions and other institutions are enthusiastic about crypto assets despite an overall pullback in valuations. …
Sapphire Tech Targets Grin Cryptocurrency With New GPU Miner
Sapphire Technology is launching a line of graphics cards designed for mining of the new “grin” cryptocurrency, as well as other tokens. …
R3’s Former Chief Sales Officer Joins Blockchain Startup AlphaPoint
Scott Grayson, former chief sales officer at R3, has joined blockchain services provider AlphaPoint as SVP for institutional sales. …
ING Bank, R3 Ink Deal for ‘Unlimited’ Corda Blockchain Deployment
Dutch banking group ING has inked a five-year licensing deal with blockchain consortium startup R3 to use its Corda Enterprise platform. …
Overstock Blockchain Fund Shuffles Management Ahead of tZERO Launch
Overstock has promoted Joel Wright to chief operating officer of Medici Ventures, the company’s blockchain venture fund. …
Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study
The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study. …
Bitcoin’s Price Counters the VIX, Confirming It’s Still a Risk Asset
Bitcoin’s price inversely correlates with the CBOE Volatility Index (VIX), meaning the premier cryptocurrency is still a risk-asset and not a safe haven. …
Crypto Exchange CEO Sentenced to 3-Year Jail Term for Faking Trading Volume
Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors. …
South Korean Exchange Loses $5 Million in Accidental Bitcoin Airdrop
South Korean exchange Coinnest reportedly lost around $5 million when it airdropped bitcoin and other cryptocurrencies instead of WGT. …
Wyoming Bill Would Clear the Way for Crypto Custody at Banks
Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services. …
Privacy Cryptocurrency Beam Experiences Blockchain Stoppage
Privacy-oriented cryptocurrency Beam said Monday morning that its blockchain had stopped. A fix has now been committed, it says [updated]. …
Coinbase Hires New Compliance Chief for UK Operations
U.S.-based crypto exchange Coinbase has hired a new U.K. head of compliance with three decades of experience in the industry. …