The hookup between Celo and Circle will benefit both sides as Celo continues to advance real-world use cases and Circle expands its reach. Circle’s USD Coin (USDC) will launch natively on the Celo blockchain, the Celo Foundation has announced. Minting USDC on the blockchain will boost Celo’s use cases for real world assets and enhance...Continue Reading

Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023. Financial payment processing firm Block Inc., co-founded by Twitter creator Jack Dorsey, has reportedly laid off more than 1,000 staff members. According to a Jan. 30 Business Insider report, Block fired a “large number of [its] teammates” in...Continue Reading

Quantum computing investments declined in 2023, but a slew of recent advancements could indicate a trend reversal is on the way. A Jan. 30 report from IQM, OpenOcean, and Lakestar indicates there’ll be no “quantum winter” in 2024 as the sector looks to recover after quantum computing investments took a 50% dive in 2023.  Dubbed...Continue Reading

Tencent released its own ChatGPT competitor back in 2023. Now, China’s top firm is betting on AI in 2024. Tencent, China’s most valuable company, has signaled it’ll join its Silicon Valley counterparts in shifting its focus toward artificial intelligence (AI) endeavors going forward. The news comes amid slumping revenues for the 25-year-old tech behemoth’s gaming...Continue Reading

One XRP price metric hints at a 50%-plus price decline for the cryptocurrency in the coming months. XRP (XRP) bulls should brace for a period of potential price declines in the coming weeks. At least four indicators, including a mix of technical, fundamental, and on-chain metrics hint at downside ahead. The first indicator hinting at...Continue Reading

Some Abracadabra Finance contracts were drained of $6.49m, causing its Magic Internet Money stablecoin to depeg. Abracadabra Money, a cross-chain lending platform, has confirmed a $6.49 million exploit involving the protocol’s Ethereum cauldrons, that allow users to borrow the Magic Internet Money (MIM) stablecoin using different assets as collateral. The MIM development team acknowledged the...Continue Reading

The Cboe BZX Exchange filed to list and trade shares of the Global X Bitcoin Trust in August 2023, but did not receive approval on Jan. 10 with other spot Bitcoin ETF applications. The Cboe BZX Exchange has withdrawn its application for a proposed rule change with the United States Securities and Exchange Commission (SEC),...Continue Reading

Bitcoin traders are pulling support from beneath spot price now that $43,000 has been cleared, BTC price analysis shows. Bitcoin (BTC) tapped two-week highs on Jan. 30 as traders warned of thinning order book liquidity. Data from Cointelegraph Markets Pro and TradingView showed BTC price gains taking the market to $43,853 on Bitstamp. A subsequent...Continue Reading

Nic Carter says he has “no regrets” about losing a hard drive with $10 million in DOGE, nor about upsetting Bitcoin Maxis: X Hall of Flame. Self-proclaimed crypto moderate Nic Carter says that he got reamed by some members of the Bitcoin community after they discovered he wasnt the hardcore Bitcoin maximalist theyd assumed. A...Continue Reading

According to the Saxony police, “a final decision has not yet been made about the utilization of the Bitcoin.” Authorities in the German state of Saxony reported confiscating roughly 50,000 Bitcoin (BTC) as part of an investigation into copyright violations. In a Jan. 30 announcement, the Saxony police said it coordinated with tax authorities and...Continue Reading