XRP: Award-Winning Payment Service Provider Set to Use ODL for Treasury Management

On Monday (July 25), a FinTech award-winning Singapore-based payment solution provider announced a partnership with Californian FinTech firm Ripple in order to use the latter’s XRP-powered On-Demand Liquidity (ODL) solution. ODL uses XRP as a bridge currency, “enabling instant and low cost settlement without the need to hold pre-funded capital in a destination market.” FOMO Pay, which was founded in 2015, […]

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Vauld Crypto Exchange Is Next to Lay Off Staff Members

Another cryptocurrency exchange is saying goodbye to many of its staff members. Vauld – which is based in New Delhi, India – says that roughly 30 percent of its staff will be relieved of their duties in the coming weeks thanks to the ongoing crash of the crypto market. Vauld Is Releasing Several Employees Darshan Bathija – the co-founder and […]

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Two-thirds open to a Web3 career for its potential and flexibility: Survey

A new survey from crypto exchange KuCoin showed that enthusiasts who have not worked in the Web3 industry are very eager to explore opportunities in the blockchain space. The participants noted that the industry’s appeal includes flexibility, growth opportunities and the future outlook of the nascent space.  In KuCoin’s study titled Journey Into Web3: A Global Study on the Future […]

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Is Tesla's Bitcoin Liquidation Impacting The Crypto Market?

Tesla just released its Q2 earnings report. According to the report, the company sold $75% of its Bitcoin (BTC) assets, for a total of around $936 million. Additionally, due to changes in the carrying value of its cryptocurrency assets, Tesla recorded $170M in impairment losses for the six months that ended on June 30, 2022. For the same, the company […]

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Tesla reports $64M profit from Bitcoin sale

Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q […]

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Michael Saylor Buys More BTC Despite Ongoing Crash

Despite bitcoin continuing to sink in value, despite it being down more than 70 percent since the month of November, despite that at the time of writing, bitcoin is trading for around $19,000 per unit (its lowest point since 2020), Michael Saylor – the CEO of software giant MicroStrategy – continues to purchase the asset, and he’s just bought several […]

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