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Cardano
Robinhood Lays Off 7% of Full-Time Staff in Third Round of Job Cuts Since April 2022: WSJ
Robinhood (HOOD) has shed 7% of its full-time staff, or about 150 employees, in a third round of layoffs since April 2022, according to The Wall Street Journal. This comes as the trading platform delists Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that the SEC named as securities in its recent lawsuits against Binance and Coinbase. "The Hash" discusses Robinhood's recent business decisions.
ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown
The popular trading app will no longer support the trading of Cardano, Solana and Polygon after Tuesday.
Robinhood Ending Support for Tokens Named in SEC Lawsuit as Securities
Robinhood (HOOD), the popular trading platform, is ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), three tokens that the SEC named securities in its recent lawsuits against Binance and Coinbase. OANDA Senior Market Analyst of The Americas Edward Moya discusses what Robinhood's delisting of these tokens could mean for bitcoin (BTC).
Bitcoin Could Reach $40K By End of Year: Analyst
Edward Moya, OANDA Senior Market Analyst of The Americas, discusses why he thinks bitcoin (BTC) could end the year around the $40,000 level, citing the recent macroeconomic backdrop and the recent flurry of spot bitcoin ETF filings in the U.S. Plus, Moya addresses the possible market reaction to Robinhood ending support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).
Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry
BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat.
Crypto Exchange BIT Unveils Options Market for Cardano's ADA Token
BIT's unified margin system allows ADA holders to trade options at a discount.
Cardano's ADA Paints 'Death Cross' Amid Regulatory Uncertainty
Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.
Latest Cardano Node Upgrade Goes Live on Mainnet
The upgrade 8.1.1 also contains software patches for minor issues from a previous node version.
Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff
The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.
ADA Falls After SEC Lists Token as Security in Lawsuits Against Binance and Coinbase
Cardano (ADA) fell 14% this week after it was listed as a security in the U.S. Securities and Exchange Commission's lawsuits against crypto exchanges Binance and Coinbase. This comes as Cardano development company IOG dismissed the SEC's claims in a blog post, saying the allegations have no impact on operations and that the filing quote contains numerous factual inaccuracies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."