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Carlos Abiassaf

Could the recent bank failure lead to a Bitcoin and Gold rally?

Could the recent bank failure lead to a Bitcoin and Gold rally?

With the second and third biggest collapse in US banking history happening in the same weekend and more than 120 regional banks asking the FDIC to secure all deposits for at least 2 years, people are starting to awaken to the idea of losing their hard-earned money to a falling

Polygon to reduce it's workforce by 20%

Polygon to reduce it's workforce by 20%

Polygon, a renowned layer 2 smart contract platform developed on Ethereum, has made a significant announcement that has captured the attention of the tech industry. CEO Sandeep Naiwal took to Twitter today to reveal that the company will be taking measures to restructure its workforce, resulting in a 20% reduction

Paxos BUSD issuer to be sued by the SEC and stop parternship with Binance

Paxos BUSD issuer to be sued by the SEC and stop parternship with Binance

The New York State Department of Financial Services has directed Paxos to cease the issuance of its Binance USD (BUSD) stablecoins. The regulator has taken this action due to "unresolved issues" related to Paxos' relationship with Binance. BUSD is Binance's dollar-pegged stablecoin, which is used

What you need to know about the SEC crackdown on crypto stacking

What you need to know about the SEC crackdown on crypto stacking

The Securities and Exchange Commission (SEC) has charged Kraken, a well-known crypto asset trading platform, with failing to register its crypto asset staking-as-a-service program. The charges come after the SEC found that Kraken has been offering and selling its staking services to the general public since 2019. As part of

What is behind the recent rally?

What is behind the recent rally?

By now I am sure you are aware of the massive rally that has been happening for a month in financial markets, this refreshing uptrend left behind it a lot of people who were waiting for lower lows that never happened. This rapid increase in prices trapped a lot of

FOMC review

FOMC review

On Tuesday and Wednesday was held the first FOMC meeting of 2023. The importance of this meeting comes after the current rally we witnessed in crypto with most cryptocurrencies going up 30% and even more from the lows. Biggest takeaway: * The FED hicked rates by 0.25 bps (which was

Crypto lender genesis considering bankruptcy

Crypto lender genesis considering bankruptcy

The giant crypto broker and lender Genesis is considering filing for Chapter 11 Bankruptcy. Today the company laid off more than 30% of the employees, following a previous 20% layoff of staff in august. Genesis had asked yesterday clients to be patient as the company is sorting out its finances.