Joseph Lubin’s cryptocurrency enterprise has undergone a recent personnel rearrangement, according to recent reports. In the last two years, Consensys has reduced its workforce by 38% amid institutional turmoil, legal battles, and macroeconomic setbacks. Further Restructuring Efforts According to Tuesday’s Bloomberg report , the company behind the MetaMask wallet will reduce its workforce by 7%, or 49 people, in an effort to increase profitability. A spokesperson of the company confirmed that the move is a shift in priorities, following the firm’s acquisition of Web3Auth. CryptoPotato covered the last restructuring by Consensys, which affected 20% of the workforce, or approximately 160 employees. The cited reason at the time was the US Securities and Exchange Commission (SEC)’s “abuse of power.” Before that, there was another reduction in staff numbers, affecting 11% of the employee count, or 96 people, due to uncertain market conditions. It appears that the easing conditions and crypto-friendly regulations are insufficient to alleviate the need for reorganization within the business, or perhaps it’s a strategic move and preparation for further attainments. Legal Troubles And Wins The software firm has had its fair share of legal woes, dating back to late 2023, with the founder, Joseph Lubin, being sued by former employees for allegedly breaching equity agreements; the case remains active to date. In early 2024, the company challenged the SEC in an attempt to prevent it from classifying ETH as a security, which was quickly resolved in favor of the broader cryptocurrency space. Later in the same year, roles switched, and the SEC went against the blockchain tech company, alleging that it offered unregistered securities through trading and staking via their wallet. This case recently came to a close in February of this year, with both parties reaching an agreement and dismissing the proceedings. Consensys is not the only company to have faced legal issues, with cases involving industry giants like Coinbase and Binance, both of which ended favorably for the exchanges. It would also be worthwhile to note the closed investigations by the SEC involving players such as Robinhood, OpenSea, Kraken, and others, which can be broadly considered favorable to the crypto industry. The post Consensys Slashes Workforce by 7%: Report appeared first on CryptoPotato .
Musk’s xAI partnered with Kalshi to introduce Grok to prediction markets. Grok provides real-time analyses to aid decision-making for Kalshi platform users. Continue Reading: Elon Musk’s AI Innovation Thrives in Predictive Markets The post Elon Musk’s AI Innovation Thrives in Predictive Markets appeared first on COINTURK NEWS .
BitcoinWorld Intel’s Strategic Pullback: Streamlining Global Manufacturing for Future Growth In the fast-paced world of technology and global commerce, even giants like Intel must adapt swiftly to shifting economic tides. Recent announcements from the semiconductor behemoth signal a significant strategic pivot, impacting its global Intel manufacturing footprint and setting a new course for efficiency. This move, spearheaded by CEO Lip-Bau Tan, is not just about cutting costs; it’s a bold re-evaluation of how a leading tech company navigates the complex demands of the modern semiconductor industry . Why is Intel Scaling Back its Global Manufacturing Footprint? Intel’s second-quarter earnings report revealed a decisive step towards shedding what CEO Tan refers to as ‘inefficiencies.’ This includes a significant re-evaluation of several ambitious manufacturing projects. Specifically, Intel has decided to delay, and in some cases, entirely halt, previously announced plans for new facilities. The company confirmed it is no longer proceeding with its projects in Germany and Poland. These projects, which included an assembly and testing facility in Poland and a major chip factory in Germany, had been in limbo since their suspension in 2024, shortly after their initial announcement. This strategic shift highlights a proactive approach to realigning production capacity with current and projected market demand. CEO Tan was candid about the reasons behind these difficult decisions during the company’s second-quarter earnings call. He stated, “Unfortunately, the capacity investment we make over the last several years were well ahead of demand and were unwise and excessive.” This acknowledgement underscores a critical lesson in capital expenditure management within a volatile industry. Intel’s new mantra is clear: “Our factory footprint has become needlessly fragmented. Going forward, we will grow our capacity based solely on the volume commitments and deploy capex lockstep with the tangible milestones, and not before.” This disciplined approach aims to prevent future overextension and ensure that investments are directly tied to verifiable demand. Optimizing the Global Supply Chain: A Strategic Consolidation Beyond halting new projects, Intel is also streamlining its existing operations to enhance its global supply chain efficiency. The company plans to consolidate its test operations in Costa Rica, redirecting these activities to its established sites in Vietnam and Malaysia. This consolidation is a move towards greater operational synergy, reducing fragmentation and potentially improving logistics and cost-effectiveness. By centralizing these critical testing functions, Intel aims to create a more robust and responsive supply chain, better equipped to handle the dynamic needs of the semiconductor market. This move is particularly pertinent in an era where supply chain resilience is paramount. Geopolitical shifts, trade tensions, and unforeseen global events can significantly disrupt the flow of goods and components. By consolidating operations, Intel is not just seeking cost savings; it’s building a more agile and less vulnerable manufacturing network. This strategic refinement of the global supply chain demonstrates Intel’s commitment to optimizing every aspect of its production, from raw materials to final product delivery. Driving Business Efficiency: CEO Tan’s Transformative Vision The changes in Intel’s manufacturing strategy are part of a broader, more ambitious plan led by CEO Tan to drive comprehensive business efficiency across the entire organization. Tan, who took the helm on March 12, wasted no time in articulating his vision: eliminate inefficiencies by divesting non-core units and streamlining core operations. His focus on creating a “clean and streamlined organization” is a testament to his commitment to revitalizing Intel’s operational health. During the Q2 earnings call, Tan reiterated his resolve: “We have much work to do in building a clean and streamlined organization, which we have started in earnest, and is remain an area of focus for me during Q3. Our goal is to reduce inefficiencies and redundancies and increase accountability at every level of the company.” This holistic approach to business efficiency extends beyond manufacturing, touching every facet of Intel’s corporate structure. Workforce Adjustments and Organizational Streamlining A significant component of this efficiency drive involves workforce adjustments. Intel has reduced its workforce by approximately 15% and plans to conclude the year with 75,000 employees. This reduction is a substantial shift from the 124,800 people employed at the end of 2023, and the 108,900 at the end of 2024 according to the company’s SEC filings. Furthermore, Tan highlighted that these layoffs enabled the elimination of 50% of management layers, a clear indicator of the company’s push for a flatter, more accountable organizational structure. In June, an internal memo also revealed plans to lay off 15% to 20% of workers in Intel Foundry, the unit responsible for designing and manufacturing chips for external clients. These difficult but necessary decisions underscore the depth of Intel’s commitment to its strategic realignment and its pursuit of greater business efficiency . The Ohio Chip Factory: A Delayed Dream Adding to the list of revised projects, Intel also announced a further delay for its massive $28 billion Ohio chip factory . Initially slated to open in 2025, the project had already faced one delay in February of this year. This second postponement highlights the challenging realities of large-scale capital investments in a fluctuating market and Intel’s renewed caution in deploying resources. While the Ohio factory remains a long-term goal, its timeline is now firmly tied to the company’s new “lockstep with tangible milestones” approach to capital expenditure. The delays in these monumental projects reflect a broader trend in the semiconductor industry , where companies are increasingly scrutinizing their investment pipelines amidst evolving global economic conditions and demand forecasts. For Intel, it’s about ensuring that when these facilities do come online, they are optimized for the market realities of that future moment, rather than being based on potentially outdated projections. Beyond the Chips: Disrupt 2025 and Industry Insights While Intel redefines its operational strategy, the broader tech and venture capital landscape continues to evolve, offering forums for industry leaders to share insights and foster growth. Events like Bitcoin World Disrupt 2025 are crucial for staying abreast of the latest trends, from AI advancements to startup funding. Heavyweights from Netflix, ElevenLabs, Wayve, and Sequoia Capital are joining the Disrupt 2025 agenda, promising to deliver the insights that fuel startup growth and sharpen industry edge. As the semiconductor industry navigates its own challenges and opportunities, these broader discussions provide a vital context for innovation and investment. Don’t miss the 20th anniversary of Bitcoin World Disrupt, an unparalleled chance to learn from the top voices in tech. The event, taking place from October 27-29, 2025, in San Francisco, offers valuable networking opportunities and access to cutting-edge discussions. Secure your ticket now and save up to $675 before prices rise. For brands looking to amplify their reach and spark real connections, securing exhibit space at Disrupt 2025 means putting your brand in front of over 10,000 tech and VC leaders across all three days. A New Chapter for Intel and the Semiconductor Industry Intel’s decisive actions mark a significant turning point for the company. Under CEO Tan’s leadership, the focus is squarely on strategic consolidation, rigorous capital deployment, and a relentless pursuit of business efficiency . By pulling back on ambitious but potentially premature Intel manufacturing projects and streamlining its global operations, the company aims to emerge as a leaner, more agile, and ultimately more profitable player in the competitive semiconductor industry . This strategic realignment is not merely a reaction to past missteps but a proactive blueprint for sustainable growth, designed to ensure Intel’s enduring relevance in the ever-evolving tech landscape. The path ahead will undoubtedly present challenges, but Intel’s commitment to a more focused and efficient future appears resolute. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Intel’s Strategic Pullback: Streamlining Global Manufacturing for Future Growth first appeared on BitcoinWorld and is written by Editorial Team
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum is gaining
Payments platform Square is announcing Bitcoin ( BTC ) as an option for merchants as its parent company Block (XYZ) jumps 10% after being added to the S&P 500. In a new thread on the social media platform X, Block chief executive Owen Jennings says that sellers using Square can now receive the top crypto asset by market cap as a form of payment. “Today we’re onboarding our first few Square sellers for the new native Bitcoin acceptance experience this is the way!” Block, which was founded by former Twitter executive Jack Dorsey in 2009, recently announced that it had been added to the S&P 500, causing its stock price to rally. The firm released a statement noting that this is just the beginning for them. Block first announced BTC payments were coming to its platform in May. At the time, the firm also said that paying with BTC would be as easy as “scanning a QR code at checkout” for customers. Miles Suter, Bitcoin product lead at Block, said that the addition of BTC would empower merchants. “Block has long been a champion of Bitcoin, focused on making it more accessible and usable in our everyday lives. Rolling out a native Bitcoin experience to millions of sellers brings us one step closer to that goal. When a coffee shop or retail store can accept Bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.” XYZ is trading for $79.50 at time of writing, a fractional increase on the day. On July 15th, the stock was valued at $66. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Jack Dorsey’s Square Announces Bitcoin (BTC) Payments As Parent Company Block Jumps 10% on S&P 500 Addition appeared first on The Daily Hodl .
Investors were recently shorting ETH but now they're enthusiastic about the digital coin, said Galaxy CEO Mike Novogratz.
SUI’s triangle breakout faces resistance from sentiment drops and rising sell pressure clusters.
Bitcoin (BTC) has long been the poster child of cryptocurrency, a revolutionary digital asset that paved the way for the decentralized economy. However, the crypto market is now seeing the rise of a new contender, Ruvi AI (RUVI) . Dubbed by many as the next Bitcoin, this $0.015 audited blockchain token is sparking a flurry of interest from savvy investors eager to capitalize on its immense growth potential and utility. Here’s why Ruvi AI is grabbing headlines and becoming the top pick for high-return-seeking investors. A Solid Foundation of Security and Transparency Many cryptocurrency projects lack the security measures necessary to instil trust in investors. Ruvi AI, however, has prioritized transparency and safety from the outset. The platform has undergone an independent third-party audit by CyberScope , a highly respected blockchain auditing firm. This rigorous evaluation verified the integrity of its smart contracts , eliminating the risks often faced by new crypto ventures. Further solidifying its credibility, Ruvi AI has partnered with the WEEX Exchange , a trusted name in the cryptocurrency trading ecosystem. This partnership ensures post-presale liquidity , providing investors with a simple and seamless trading experience as soon as the token goes live publicly. These carefully planned steps have positioned Ruvi AI as a secure and trustworthy investment option, a critical factor attracting cautious investors. Explosive Early Success Ruvi AI’s numbers speak volumes about its early traction: $2.5 million raised in presale funding, showing significant financial backing. 200 million tokens sold , a testament to strong market demand. 2,400 holders have already joined the Ruvi AI community, demonstrating broad investor adoption. Currently priced at a mere $0.015 per token during Phase 2 of its presale, Ruvi AI offers investors an incredible opportunity at the ground floor. By the conclusion of its presale, the token price is set to rise to $0.07 , delivering an almost 5x return for early adopters. Analysts have even bigger predictions, with an anticipated post-listing valuation of $1 per token , a projection that translates into a 66x ROI , figures rarely seen in traditional asset markets. Real-World Applications Drive Value While Bitcoin has served as a digital store of value, Ruvi AI distinguishes itself with real-world utility. By integrating artificial intelligence (AI) with blockchain technology , Ruvi AI presents solutions that cater to practical challenges in industries such as marketing , entertainment , and finance . Revolutionizing Marketing with AI Ruvi AI provides advanced AI-powered marketing tools that help businesses optimize their advertising strategies. From real-time data analysis to targeted audience insights , companies leveraging Ruvi AI’s technology can cut inefficiencies and significantly boost their marketing ROI. Supporting Content Creators The creator economy stands to benefit greatly from Ruvi AI’s offerings. Its blockchain-secured instant payouts solve the common issue of delayed payments faced by digital creators. Additionally, Ruvi AI’s AI-driven audience analytics allow creators to better understand their audience, refine their strategies, and maximize engagement and income. Transforming Global Finance Ruvi AI’s impact on finance cannot be overstated. Its low-cost, fraud-resistant cross-border payment solutions revolutionize how both individuals and businesses handle international transactions. These fast, secure, and scalable options leave traditional banking systems in the dust, making Ruvi AI indispensable in the world of decentralized finance (DeFi). Amplified Returns with VIP Investment Tiers For investors looking to maximize their gains, Ruvi AI’s VIP investment program offers significant token bonuses based on the size of the contribution. Here’s how it works: VIP Tier 2 ($750 investment, 40% bonus): Total tokens received: 70,000 (50,000 base + 20,000 bonus). Value at $0.07 per token: $4,900. Value at $1 per token: $70,000. VIP Tier 3 ($2,100 investment, 60% bonus): Total tokens received: 224,000 (140,000 base + 84,000 bonus). Value at $0.07 per token: $15,680. Value at $1 per token: $224,000. VIP Tier 5 ($9,600 investment, 100% bonus): Total tokens received: 1,280,000 (double the allocation). Value at $0.07 per token: $89,600. Value at $1 per token: $1,280,000. These VIP tiers not only enhance potential profits but also encourage early adoption, fueling Ruvi AI’s growth and credibility as a serious contender in the market. Why Ruvi AI Could Be the Next Bitcoin Ruvi AI is being compared to Bitcoin not just because of its potential to deliver massive returns but also due to its revolutionary impact on blockchain technology. With its transparent operations , utility-first approach , and record-breaking presale momentum, Ruvi AI offers investors an entry point into a project that prioritizes both functionality and future scalability . At just $0.015 per token , Ruvi AI allows investors to secure a stake in one of the most promising cryptocurrencies of the year. With its structured growth plan and a $1 valuation forecast post-listing, taking action now could lead to life-changing returns. Join Ruvi AI’s presale today and position yourself for exponential growth in blockchain-backed innovation. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Smart Investors Are Rushing Into Ruvi AI (RUVI), The $0.015 Audited Token Tipped to Be the Next Bitcoin (BTC) appeared first on Times Tabloid .
XRP has entered a period of quiet movement following its rally last week that pushed its price to new all-time highs. Particularly, XRP’s price has hovered between $3.40 and $3.60 over the past few days. This structure has caught the attention of crypto analyst CasiTrades, who shared her detailed outlook on the social media platform X. Her accompanying chart breaks down the ongoing setup and shows the significance of the $3.40 support alongside the bullish implications of XRP’s behavior just beneath the resistance zone. Former Resistance Now Support CasiTrades points to a classic bullish flip taking place in XRP’s chart pattern on the 1-hour candlestick timeframe. A key trendline, which had previously served as overhead resistance, has now been flipped and is acting as support. This shift has played out with precision, as price has tested the trendline three times and each bounce affirms that buyers are stepping in with confidence. According to her analysis, this kind of structural transition might be subtle, but momentum is quietly building up for XRP’s next price move. Related Reading: ‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin The trendline, which has now flipped to support, sits just above the $3.40 level, and its resilience has helped XRP avoid any serious breakdowns since last week. As long as this line continues to hold, bulls will remain in control. To sum it up, the analysis shows that XRP is now in an accumulation phase rather than exhaustion, which is notable considering its significant rise earlier in the first half of July. Furthermore, a look at the Relative Strength Index (RSI) on the 1-hour candlestick timeframe chart shows that there’s still room for momentum to push higher than $3.65 before the end of the month. However, the analyst also acknowledges that nothing is guaranteed. If the $3.40 support gives out, the XRP price could retrace to $3.20, where the 0.236 Fibonacci retracement level lines up. Other Fibonacci price levels to watch for a rebound are at $2.96, $2.76, $2.56, $2.50, and $2.27. Next Target Lies At $4.65 The trendline’s consistency, combined with the RSI levels, makes a stronger case for a breakout than a breakdown. The road ahead could open up well if XRP can bounce well at $3.40 and finally punch through the $3.60 to $3.66 resistance range. CasiTrades identified $4.65 as the next major level to watch, a target derived from the 2.618 Fibonacci extension of the previous rally. In the meantime, a middle price level to watch is at $4.11 on the path to $4.65. “The volatility above here gets wild and fast,” the analyst said. Related Reading: XRP Headed For ‘Insane Levels’ — Major Predictions After Hitting 7-Year High Once the XRP price clears $3.65, the path to $4.65 becomes much more probable, especially if the wider market sentiment shifts in favor of bullish price action. Featured image from Getty Images, chart from Tradingview.com
Indian crypto exchange WazirX has revealed the date for a creditor revote that, if passed, could pave the way for the long-awaited fund distribution. WazirX Has Revealed The Creditor Revote Timeline In a post on X, WazirX has shared an update on the situation regarding user crypto distribution. The exchange fell prey to an infamous hack one year ago, in which attackers linked with the North Korean Lazarus Group made away with almost $235 million in digital asset funds. The platform closed its deposits and withdrawals in response to the attack, and to this day, it hasn’t been able to resume operations. This means that the rest of the original $500 million in user funds, around $265 million, are still stuck in limbo. Recent developments, however, have finally set things in motion. In June, WazirX’s parent company, Zettai PTE LTD, a Singapore-based entity that was responsible for handling user crypto, went to the Singapore High Court with a distribution proposal that had overwhelming support from the creditors behind it. This plan, however, had ended up finding rejection. Earlier this month, the company again went to court with a revised proposal, and this time, the court ended up giving it a green light. Alongside the announcement of the court hearing decision, WazirX had said another creditor vote will need to happen before the proposal can move forward. Now, the exchange has formally announced a date for it: July 30th. This revote will remain live until August 6th. “If the requisite majority of creditors vote FOR the Scheme once again, the token distribution will start within 10 business days after the Scheme is effective, just as planned,” noted WazirX in the post. This means that for the first time in this saga, users finally have a potential timeline for distribution. Alongside the distribution process, the exchange also plans to restart operations. Nischal Shetty, CEO of WazirX, has also talked about the process in an X post . “A restart will also help us work towards generating profits and distributing it back to all creditors,” said Shetty. The court had previously rejected the plan due to concerns about compliance with Singapore’s Financial Services and Markets Act (FSMA) and the involvement of Panama-based Zensui in the distribution process. The greenlight came as Zanmai Labs, the Indian company behind the exchange, was instead tasked with handling the funds. It now remains to be seen whether creditors will vote in favor of the amended proposal, as they did for the last one, and potentially allow for an end to the long saga. Bitcoin Has Seen A Sharp Profit-Taking Spree Recently Bitcoin investors have participated in peak profit realization amounting to a whopping $3.3 billion recently, as CryptoQuant author Darkfrost has pointed out in an X post . Since this selloff, Bitcoin has been locked in sideways movement, with its price still floating around the $118,300 mark today.