Nova Labs, the company behind the Helium Mobile cell network, undertook a significant round of layoffs at the end of August, three people with knowledge of the matter told Blockworks. Nova Labs Chief Operating Officer Frank Mong confirmed to Blockworks that 36% of the company was let go. One person familiar with the situation cast
From ages 9 to 11, Edan Yago smuggled gold, hidden in his clothes by his mother, out of South Africa. The apartheid government had instituted capital controls to stabilize the rand amid international sanctions. The authorities were hunting some of his family members whom it had designated as “terrorists.” 01:01 Bitcoin Breaks $64K While Gold
Amidst the bearish crypto market conditions, Wuffi emerges as the top gainer with a 50% surge in the last 24 hours. The overall crypto market cap nosedived by almost 1.4% in the last 24 hours. As per CoinGecko, the global crypto market cap stands at $2.38 billion at press time. Bitcoin (BTC) and Ethereum (ETH)
Solana cannot serve as the backbone of the so-called “new” global financial system, according to Ethereum community member Ryan Berckmans. Solana (SOL) shifted from its initial “monolithic” approach to acknowledging the importance of Layer 2 solutions. But Berckmans points out on X that Solana initially marketed itself as capable of handling global transactions on a
The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn. According to the latest data, the global crypto market cap has dropped by over 2% in the last 24 hours. In comparison to last week’s $93
Emory University, a private research institution in Atlanta, has reported $15.1 million worth of holdings in Grayscale Bitcoin Mini Trust. This unusual move for a higher education institution was revealed in an Oct. 25 filing with the U.S. Securities and Exchange Commission. According to the SEC filing, Emory University holds nearly 2.7 million shares of
October marked a strong month for U.S. spot Bitcoin ETFs, with over $3 billion in net inflows as demand reached its highest level in six months. Over the past week, inflows into the 12 spot Bitcoin (BTC) exchange-traded funds pproached $1 billion, with four days of positive flows recorded during this period. The majority of
Founder and CEO of on-chain data aggregator CryptoQuant has shared several key reasons why he expects that in six years, the initial vision that Satoshi Nakamoto had for Bitcoin is likely to finally come true. “Bitcoin likely to become “currency” by 2030″ Ki Young Ju, the founder and chief executive officer at CryptoQuant, addressed the
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Exciting things happen at Cryptonews.net! As we stand on the brink of significant updates, we’re thrilled to announce an active season for all registered users! We’ve partnered with our friends at Ledger — a renowned wallet development company — to ensure that while you engage with the latest news in crypto, your security remains top