At the exchange Huobi news about the reduction of cryptocurrency companies does not end. Representatives of the Genesis trading platform also reported plans to cut staff, and according to Decrypt, we're talking about 30 percent of the staff.
The reason for this - the desire to stabilize their own financial situation. Recall that the company has been suffering since the FTX bankruptcy in November 2022, as it has the equivalent of $175 million stuck on the exchange.
The reason for this - the desire to stabilize their own financial situation. Recall that the company has been suffering since the FTX bankruptcy in November 2022, as it has the equivalent of $175 million stuck on the exchange.
According to Coinglass analysts, there are currently 1.93 million bitcoins on cryptocurrency exchanges. At the same time, a year ago, the figure was 2.28 million BTC. And this is a 15 percent drawdown, and the bankruptcy of FTX also clearly affected the situation.
If anything, in November, the figure dropped to 1.88 million coins. So it goes.
If anything, in November, the figure dropped to 1.88 million coins. So it goes.
Representatives of a decentralized exchange aggregator called 1inch announced the launch of their own hardware wallet. The device is at the final stage of development and will tentatively go on sale in 2023.
It has no buttons, and the device does not require a wired connection. The data exchange is carried out by means of QR-codes or NFC.
Also the device will support several sid-phrases simultaneously. It weighs 70 grams and is 4 millimeters thick. The 2.7 inch touch screen display uses E-Ink technology. That's the deal.
It has no buttons, and the device does not require a wired connection. The data exchange is carried out by means of QR-codes or NFC.
Also the device will support several sid-phrases simultaneously. It weighs 70 grams and is 4 millimeters thick. The 2.7 inch touch screen display uses E-Ink technology. That's the deal.
NYDIG analysts have noted a continued rise in the supply of Tether USDT Stablecoin (green) since late November 2022. This means that users buy the coin, thus entering the cryptocurrency industry. And then the stack is used to buy other crypto-assets.
And the movements of this indicator resemble the direction of the Bitcoin rate (in blue). Accordingly, investors react to the growth of the market and also want to participate in the ongoing race.
And the movements of this indicator resemble the direction of the Bitcoin rate (in blue). Accordingly, investors react to the growth of the market and also want to participate in the ongoing race.