Author: NBTC
eToro (Nasdaq: ETOR) is reducing about 7 per cent of its global headcount, according to sources. A letter sent by the broker’s CEO, Yoni Assia, to staff, and seen by FinanceMagnates.com, noted: “As eToro matures, we must ensure we are correctly sized to meet our business needs and support our long-term growth strategy.” According to eToro’s IPO prospectus, it had 1,501 employees across over 10 offices globally, as well as remotely, by the end of 2024. If those numbers remain intact (or are around), the broker will lay off over 100 staffers. However, it remains unclear who or which positions…
Ethereum price recently broke out of a bullish triangle pattern, suggesting renewed upside momentum. However, that breakout now appears vulnerable. ETH has printed a bearish divergence for nearly three weeks, raising concerns that the move lacks conviction. Crucial Ethereum Holders Are Pulling Back Ethereum has shown a clear bearish divergence over the past three weeks, signaling weakening internal strength. While the ETH price continued forming higher highs, the Chaikin Money Flow indicator posted higher lows. This pattern suggests price appreciation occurred alongside rising capital outflows rather than sustained inflows. Such divergence often precedes a trend reversal. Investors appear to be…
The Federal Reserve’s third rate cut in 2025 has lowered the federal funds rate to 3.5%–3.75%. However, it has increased one thing: concerns about a potential recession. Analysts warn that the current trends expose weaknesses in the US economy, with many expecting market turbulence ahead. Experts See Warning Signs Behind Fed’s Latest Cut The Federal Reserve cut interest rates again yesterday, marking the third reduction following similar moves in September and October. The latest decision brings the federal funds rate to its lowest level since November 2022. In its statement, the Fed noted that overall economic activity continues to grow…
The US Senate Banking Committee’s draft legislation regarding the structure of the cryptocurrency market contains unexpected surprises for leading figures in the industry. Rebecca Rettig, who participated in part of the negotiations and also serves on the Commodity Futures Commission’s (CFTC) Subcommittee on Digital Assets, said that some clauses in the draft text raised serious questions for both the industry and regulators. Following recent developments, the Senate Banking Committee has postponed its consideration of the cryptocurrency market structure bill. It is reported that Coinbase’s objections, after withdrawing its support for the final version of the bill, played a significant role…
Payments terminal provider Ingenico has partnered with WalletConnect Pay to enable in-store stablecoin payments across its point-of-sale (POS) systems, marking one of the clearest pushes yet to bring cryptocurrency payments into everyday retail checkout. In an announcement sent to Cointelegraph, Ingenico said the integration allows customers to pay using stablecoins including USDC (USDC), EURC (EURC) and USDt (USDT) directly from their WalletConnect-compatible mobile wallets without relying on traditional card networks. Supported wallets include MetaMask and Trust Wallet. Transactions are initiated at the terminal and are settled through WalletConnect Pay’s infrastructure. Unlike crypto-linked cards that depend on Visa or Mastercard rails,…
A major crypto whale added to a large Ether long as Ethereum’s market share held a key level on chart data. Together, the moves kept attention on whether ETH can keep gaining traction against the wider market. Arkham says Hyperunit Whale added to a large Ether long Arkham said the “$10B Hyperunit Whale,” which it links to Garrett Jin, increased an existing Ether long by another $66.2 million. In the same post on X, Arkham said the whale’s ETH long now totals about $733.3 million, while the combined long exposure across ETH, SOL, and BTC tops $900 million. Hyperunit Whale…
Risk assets are under pressure Thursday despite the Fed’s rate cut, with Oracle’s earnings miss piling on alongside the central bank’s hawkish guidance. Bitcoin BTC$90,228.93, the leading cryptocurrency by market value, is trading near $90,000, representing a 2.8% drop over 24 hours, according to CoinDesk data. Futures tied to Wall Street’s tech heavy index, Nasdaq, are down 0.80%. Late Wednesday, Oracle published its fiscal second quarter 2026 earnings (Q2 FY26), covering the period ended Nov. 30, 2025. Total revenue came in slightly below consensus, with legacy software revenue down and new license sales particularly weak. This has once again highlighted…
US homebuilder Megatel Homes is set to launch a crypto rewards platform after receiving a Securities and Exchange Commission “no-action” letter. Megatel said on Thursday that the platform, dubbed MegPrime, would give users rewards for using “MP Tokens,” such as using them to pay their rent to earn back tokens that can be used for “everyday purchases” or converted to US dollars. It came after the SEC allowed MegPrime to go ahead with its plans in its letter on Thursday, recommending no enforcement action so long as the platform strictly follows its outlined plan. MegPrime said in a post on…
In a significant move for cryptocurrency accessibility, Robinhood Markets, Inc. announced on March 15, 2025, the official listing of spot DOT, the native token of the Polkadot blockchain network. This development marks a pivotal expansion of the trading platform’s digital asset offerings, directly integrating a major multi-chain ecosystem into its retail-focused interface. Consequently, millions of users can now buy, sell, and hold DOT directly alongside stocks and other cryptocurrencies. The decision reflects broader trends of institutional and platform validation for interoperable blockchain technologies. Robinhood Lists Spot DOT: Analyzing the Strategic Move Robinhood’s decision to list spot DOT represents a calculated…
Bitcoin’s first difficulty adjustment of 2026 was anything but dramatic. The network nudged the dial down to about 146.4 trillion, a pretty small retreat after the late-2025 grind higher. But small isn’t the same as meaningless in mining, a business where margins are measured in fractions of a fraction and the main input (electricity) can turn from bargain to backbreaker in a week. Difficulty is Bitcoin’s built-in metronome: every two weeks or so, the protocol recalibrates how hard it is to find a block so that blocks keep arriving roughly every ten minutes. When difficulty falls, it usually means the…