CryptoBlog n.1026
Coinbase will lay off about 950 people (about 20%) of its workforce, making it the third round of layoffs since last year. Last year, 1,100 employees were laid off in June and more than 60 jobs were cut in November. Coinbase also commented that they will be shutting down several projects where there is a lower probability of success.
CryptoBlog n.1025
In a very unusual move forsomeone who was recently arrested and is facing eight counts of U.S. criminal charges, Sam Bankman-Fried has started his own blog on Substack.
CryptoBlog n.1024
Data from analytics firm Santiment indicates that GALA was able to surge due to a spike in on-chain activity. An increase in whale activity supported the token's price action and allowed it to push beyond resistance at $0.048, up 194%. CEO of OVR Technology, Aaron Wisniewski, prompted a bright future for metaverse tokens like GALA, saying that the Metaverse is here to stay. Crypto and GALA are bound to operate as critical components for this sector.
CryptoBlog n.1023
Donald Trump's NFT collection launched about a month ago, sold out within minutes, and reached a high of about 0.84 ETH ($995) on December 17th. Sin then, it's been falling like a domino and is currently trading at just 0.16 ETH ($215), losing 99% of its sales number. However, it's still more than double the original $99 mint price, representing a good profit for users who purchased one during its original mint.