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Crypto Biz: Crypto industry faces fresh round of layoffs

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This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders.

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Coin Market

Allianz, Germany’s biggest insurer, buys 24% of MicroStrategy’s $2.6B notes

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The insurance giant reportedly made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki.

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‘Science needs an update’: How DeSci can fix junk science and cure baldness

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DeSci advocates say “traditional science” has fallen prey to regulatory capture and been maligned by corporate greed and now a blockchain-based update is in order. 

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Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

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The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.

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