Weekly Crypto Overview — Khilone #22

Hey everyone,

In my Weekly Crypto Overview, I will assemble the important news of the last week and make a summary of it. This way you will have one place to go for all the significant events that happened the week before in crypto. I hope you enjoy it and that it saves you a lot of time searching for all the news. I know not everyone has the privilege to be full-time in crypto, so I hope this is a solution for many of you.

  • Square Is Hiring And Offers To Be Paid In Bitcoin
  • Binance Launches Cash-to-Crypto Service in Australia
  • Cryptopia Exchange Resumes Crypto Trading
  • Bithumb Reduces Staff By Up to 50%

Square Is Hiring And Offers To Be Paid In Bitcoin

Payments startup Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey.

Jack also tweeted about how he feels about the technology and crypto community.

Binance Launches Cash-to-Crypto Service in Australia

Last week Binance announced the launch of Binance Lite Australia, the easiest way to buy Bitcoin with cash in Australia. Binance Lite Australia marks Binance’s first fiat gateway on the blockchain continent, and provides a secure and reliable cash-to-bitcoin brokerage service through a network of 1,300+ supported Newsagents across Australia.

You can read the full announcement from Binance here.

Cryptopia Exchange Resumes Crypto Trading

Cryptopia announced on Twitter that they have resumed trading on 40 trade pairs that they have quantified as secure. They will continue to expand this list as they clear more coins. You can find the list of the 40 pairs here.

Bithumb Reduces Staff By Up to 50%

Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150.

Apparently, Bithumb is the next crypto company that bites the dust because of the ongoing decline in the value of the market in recent months.

You can read Coindesk’s full article here.

That’s it for now. All the best to everyone!

Khilone


The material contained in this article is not to be regarded as an recommendation to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information on this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.