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Twitter co-founder Jack Dorsey said that his company, Block, will reduce its workforce by nearly half, cutting more than 4,000 employees and shrinking the company from over 10,000 staff to just under 6,000. The company is reportedly laying off staff become of AI tools potentially making them redundant.  AI-Driven Layoffs Continue In a note to
The post Twitter Co-Founder Jack Dorsey Cuts Over 4,000 Jobs at Block appeared first on BeInCrypto.

A U.S. Senator has launched a formal Senate Homeland Security Committee inquiry into Binance following reports that the exchange facilitated $1.7 billion in cryptocurrency transfers to Iranian entities linked to terrorism. Investigating the Hong Kong Connection U.S. Sen. Richard Blumenthal, D-Conn., has launched an inquiry into Binance following reports that the platform allegedly facilitated $1.7 […]

Nvidia shares slide 5% a day after beating earnings estimates and guiding higher, as investors question AI spending momentum.
The post Nvidia shares slide 5% as AI spending concerns overshadow earnings beat appeared first on Crypto Briefing.

Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance.
The post Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings appeared first on Crypto Briefing.

On-chain analytics firm Santiment has highlighted how Ethereum is still undervalued on the MVRV, while Bitcoin and XRP have turned neutral. Profitability Has Shifted For Bitcoin, XRP, & Ethereum After The Price Jump In a new post on X, Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio has changed for some major digital assets following the market recovery that has occurred over the past day. The MVRV Ratio is a popular on-chain indicator that compares the market cap of an asset against its Realized Cap, a measure of the total amount of capital that investors have put into the network. Related Reading: Cardano Sharks & Whales Quietly Accumulate 819M ADA Amid Price Decline In short, what the MVRV Ratio tells us about is the profit-lo...

Why People Are Moving From Crypto To Stock: Will They Comeback?
The post Why Retail Is Moving From Crypto To Stock: Will They Comeback? appeared first on Cryptonews.