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By Pritam Biswas and Ateev Bhandari (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, is reorganizing its workforce by reducing some positions and consolidating teams where redundancies exist, while continuing to hire in key areas, a company spokesperson said on Thursday. “We continuously evaluate our workforce to ensure it aligns with our strategic priorities,” the spokesperson said. Last year, Kraken appointed Arjun Sethi as co-CEO and announced a 15% reduction in its workforce, impacting about 400 employees. This follows the U.S. Securities and Exchange Commission’s dismissal of a civil lawsuit in March, which had accused Kraken of operating…

Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBEIJING — China missed several key targets from its 10-year plan to become self-sufficient in technology, while fostering unhealthy industrial competition which worsened global trade tensions, the European Chamber of Commerce in China said in a report this week.When Beijing released its “Made in China 2025” plan in 2015, it was met with significant international criticism for promoting Chinese…

Bhutan has mined over $600 million in Bitcoin using 100% clean hydropower, enough to fund two years of public sector salaries. With backing from the King and Prime Minister, Bhutan plans to scale its hydropower to 33 GW and become a global leader in green crypto infrastructure. Bhutan, a country strategically located between China and India, is becoming a leader in sustainable crypto mining. It is leveraging its natural resources for a unique economic future. According to data from Arkram Intelligence, Bhutan has mined over $600 million in Bitcoin (BTC), which was powered by entirely clean hydropower. The Bitcoin mined…

Income Tax: As a taxpayer, you can use the e-pay functionality on the e-filing portal to make a payment to the income tax department. This is a user-friendly feature to clear your dues via any of these routes: net banking, debit card, over the counter, NEFT/RTGS or payment gateway. Here, we describe the step-by-step process to use e-pay to clear dues towards income tax.E-pay dues: A step-by-step guideStep I: First, go to the income tax e-filing portal at this link and click the ‘e-pay tax’ link under Quick Links on the left-hand corner.Step II: When the link opens, you need…

Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors. Markets dipped on Wednesday after hawkish comments from Powell, who criticized Trump’s tariffs policy, saying that it would likely result in a slowing economy and rising prices — what economists call “stagflation.” In his remarks, Powell made clear his larger focus for now would be on prices, suggesting tighter Fed policy than otherwise thought. Trump — who nominated the former investment banker and lawyer as Fed chair during his first…

Ethereum fees dropped to a five-year low of $0.168, as of April 2025.  The ETH market price is trading in the $1,590 price range with no significant gains for the past few months.  The Ethereum blockchain has been gradually losing its spark for the past few months with reduced on-chain activity. It was once the top blockchain network for all decentralized activities, such as dApps, DeFi, NFTs, etc. But it continues to lose ground to other sophisticated blockchain networks with more use cases.  Blockchain analytics platform Santiment recently published a report on the significant reduction of Ethereum fees. It highlighted…

Capital gains are the profits generated by an investor after selling a capital asset. These profits are the difference between the selling price and the original purchase price of a capital asset. Capital gains play a key role in determining how an investment has performed over a period of time.Types of capital gainsShort-term capital gains (STCG): Profits generated from the sale of listed assets held for less than 12 months are known as STCG. In case of listed securities, including stocks, a Securities Transaction Tax (STT) on STCG is levied at 20 per cent. Other assets, such as real estate,…

Fund manager VanEck has the greenlight from the Securities and Exchange Commission to launch a new crypto ETF tracking crypto-related stocks. The Onchain Economy ETF (NODE) seeks long-term capital appreciation by investing in at least 80% of its net assets in “Digital Transformation Companies and/or Digital Asset Instruments,” like those that run exchanges and engage in crypto mining, according to the SEC filing. The management fee will be 0.69%. Matthew Sigel, head of digital assets research at VanEck, said on X that the actively managed NODE will aim to hold 30 to 60 names from a universe of more than…

Copper will use the proprietary rebalancing technology that P2P.org has developed in order to provide assistance to institutions. Through this agreement, access to staking services that are both safe and capable of high performance is expanded across different blockchains. Copper, an industry leader in digital asset custody, collateral management, and prime services, is excited to announce a strategic relationship with P2P.org, a provider of staking services. Through this agreement, access to staking services that are both safe and capable of high performance is expanded across different blockchains. Copper will use the proprietary rebalancing technology that P2P.org has developed in order to provide assistance to…

One significant finding from our user research is that when it comes to using cryptocurrency platforms, security is the main worry. Making small first transactions to gauge the platform’s security is one of the most frequent practices observed. Why do so many individuals hesitate when making their first cryptocurrency purchase? We at Ramp Network wanted to know what creates or destroys trust in this space. We thus questioned users directly. The findings are unmistakable: security must be felt, proven, and visible from the first transaction for cryptocurrency to become widely accepted. This is what we discovered. Security concerns are the #1 barrier…