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Paxos Employees Laid Off

Paxos Reduces Workforce by 20% After New Stablecoin Launch

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Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing …

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Lil Pump Solana tattoo

Lil Pump Flaunts Solana-Inspired Tattoos Amid Crypto Turmoil

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Gazzy Garcia, known professionally as Lil Pump, surprised his 15 million followers on Instagram and X by revealing two new Solana-themed tattoos. The first tattoo features the stylized name of the Solana blockchain on his forehead. The second tattoo depicts the logo of Phantom, a popular Solana wallet. On Instagram, he asked his followers, “Like …

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Robert Kiyosaki

Robert Kiyosaki is Tired of Pushing Bitcoin Adoption

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Growing Frustration with Bitcoin Reluctance Financial educator and author Robert Kiyosaki has expressed growing frustration with people’s reluctance to invest in Bitcoin (BTC). Known for his best-selling personal finance book “Rich Dad, Poor Dad,” Kiyosaki is a vocal advocate for Bitcoin as a hedge against economic instability and traditional fiat currencies. Common Excuses for Not …

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Cardano community to have $681M Treasury

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Cardano’s much anticipated Chang hardfork is around the corner and this will mean that the Cardano community will be handed a $681M treasury. Source: TapTools The entirety of Cardano’s treasury though comprises of only $ADA and is currently the 8th largest in the industry, with Uniswap’s $4.05B being the highest. Cardano’s treasury, funded by transaction …

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Turkey Crypto Tax

New Crypto Regulations in Turkey

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Corporate Tax Overhaul Turkish lawmakers are poised to introduce a sweeping tax overhaul, primarily targeting corporations, to shore up the national budget following last year’s devastating earthquakes. This move represents the most significant change to Turkey’s fiscal policies in decades. Key aspects include: Cryptocurrency Regulations In addition to the corporate tax overhaul, Turkish lawmakers are …

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Ethereum ETFs

Ethereum ETFs to launch this summer: Gary Gensler

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During a Thursday hearing by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he anticipates the agency will approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) “sometime over the course of this summer.” The SEC approved issuers’ 19b-4 filings on May …

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