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South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

KT, the largest telecom company in South Korea, is planning to launch its blockchain-based digital currency in the second biggest city in the country, Busan. According to news outlet dongA, the currency is called Dongbaek Currency, which means Camellia flower, when directly translated to English, and is set to be launched on Dec. 30. Yoo Yong-gyu, … Continue reading South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Bitcoin’s status as a safe-haven asset has been under intense scrutiny as the BTC price continues to fall amidst a series of crisis events in 2020 which have continued to create the ideal environment for the digital commodity to theoretically thrive. Beginning with the Iranian – US conflict in early Jan, the coronavirus outbreak triggering a … Continue reading Is Bitcoin still a Safe Haven? The Crypto Community Debates on Twitter Following Global Stock Market Crash

Bitcoin Takes Black Swan Dive With Markets, Cash Still King as Stablecoin Market Caps Surge

The Bitcoin community watched from the edge of their seats as the BTC price briefly sank below to $3,900 before rebounding to between $5,300 and $5,500 in less than 30 minutes this morning. At time of writing, Bitcoin (BTC) has temporarily stabilized at $5240, marking a loss of nearly half its value since March 7. The entire cryptocurrency market continued this … Continue reading Bitcoin Takes Black Swan Dive With Markets, Cash Still King as Stablecoin Market Caps Surge

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

Ethereum (ETH) achieved a new milestone by surging past $2,000 across major exchanges over the weekend. Nevertheless, a pullback was imminent. The cryptocurrency has slumped by 22% in the past 24 hours to trade at $1,452 at the time of writing, according to CoinMarketCap. New data by on-chain data provider Glassnode reveals that despite this … Continue reading Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

Coinbase Cuts Employees By 18% as Market Outlook Remains Bleak

CEO Brian Armstrong has announced that approximately 18% of all of Coinbase Global Inc’s workforce will be laid off as the cryptocurrency trading platform strategizes to navigate the now evident crypto winter. While Armstrong cited over-hiring in the wake of the Nasdaq-listed American cryptocurrency trading platform’s expansion in early 2021 as one of the reasons … Continue reading Coinbase Cuts Employees By 18% as Market Outlook Remains Bleak