Ethereum-based layer 2 NFT scaling platform, Immutable, has submitted a proposal to the ApeCoin DAO to develop the popular Bored Ape Yacht Club (BAYC) metaverse project Otherside on its blockchain network. Otherside Metaverse on Immutable X Citing scalability, no-fee transactions, and a carbon-neutral environment, Immutable said that the move aligns with the needs of the...Read More
Timothy Ursich Jr. – who runs for election to the US Senate to represent California – vowed that he will draft a bill proposing Dogecoin as an official payment method if he is victorious. He also opined that two of the best instruments against the current galloping inflation are the leading cryptocurrencies – bitcoin and...Read More
By L.J Brock, Chief People Officer I shared an update with our employees today that I want to also share publicly here. TL;DR: In response to the current market conditions and ongoing business prioritization efforts, we will extend our hiring pause for both new and backfill roles for the foreseeable future and rescind a number...Read More
The San Francisco-based 401(k) provider ForUsAll is suing the US Labor Department for investigating businesses offering cryptocurrencies within customers’ retirement accounts. The company alleges that the department is infringing on customers’ rights to choose how to invest their own money. Violating the APA According to the complaint filed on Thursday, ForUsAll declares the DOL’s attack...Read More
While the South Korean government intensifies its inquiry into Do Kwon and the Terra crash, a closer examination of legal issues reveals some surprising insights. Do Kwon and Terraform Labs are the focus of lawsuits, and tax evasion allegations have been issuing against them. Do Kwon Under Legal Scrutiny The government of the country also...Read More
Paul Grewal – Chief Legal Officer at Coinbase – has cleared the air on the company’s latest 10q which included worrying language pertaining to the management of customers’ funds in the event of bankruptcy. Grewal stated that a bankruptcy event at Coinbase is highly unlikely, and explained how users’ funds are currently kept secure. Are...Read More
Gemini – the crypto exchange spearheaded by billionaire twins Cameron and Tyler Winklevoss – announced first-ever job cuts as the months-long crypto selloff had shown no signs of reversal yet. Around 10% of the existing staff will be laid off, according to an internal memo acquired by Bloomberg. Contraction Phase In the memo addressing their...Read More
With Bitcoin and Ethereum struggling to hold current support levels, Terra Luna continues to trade sideways, down 10% in the past 24 hours but hovering above the $6 support level. More applications are starting to emerge on the new chain with the latest Terraswap decentralized exchange going live on Terra 2.0, enabling users to provide...Read More
John Williams – President and CEO of the Federal Reserve Bank of New York – believes the institution should closely monitor the transformations of the cryptocurrency industry and, if needed, make necessary updates on its financial policies. He also opined that stablecoins and central bank digital currencies (CBDCs) have a better chance of succeeding in...Read More
[PRESS RELEASE – Please Read Disclaimer] With the massive growth of the blockchain industry in the past several years, surpassing the original realm of being the underlying tech behind bitcoin, the groundbreaking technology was primed to be linked with other specific niches and disrupt such markets. One of those, largely expected to an extent, was...Read More
[PRESS RELEASE – Please Read Disclaimer] Kriptomat’s new Recurring Buy feature is designed to enable investors to seamlessly and easily implement the widely recommended dollar cost averaging investment strategy while making the buying process frictionless. The feature is now available for Kriptomat investors in Europe and around the world. Recurring Buy allows investors to define...Read More
In the midst of this week’s market turbulence, a crypto trader who is pseudonymously known as Altcoin Sherpa is expressing his view on Ethereum price and other altcoins. Avalanche (AVAX) The analyst informs his 176,300 Followers on twitter that the native currency for smart contract platform Avalanche (AXAX) may see a nice short-term trading option...Read More
[PRESS RELEASE – Tallinn, Estonia, 1st June 2022] Cardalonia, is a decentralized and fully customizable virtual world where players can build, own and customize their own experiences utilizing the Cardano Blockchain and earn LONIA, the utility token Cardalonia. The Cardano-based startup has gathered substantial interest even with the bear market as they have been able...Read More
New week, new listings. Users can now trade our new XBT- and USDT-margined Terra Luna 2.0 contracts – all with up to 25x leverage. LUNAUSD and LUNAUSDT went live on 2 June 2022 at 04:00 UTC. Read on to learn more about our new listings. LUNAUSD Quanto Contract Specs As with all quanto contracts, the...Read More
The US Justice Department charged a former product manager at OpenSea with wire fraud and money laundering. He had allegedly used confidential business information of what NFT projects would be featured on the platform to make a considerable profit. The official release stated this case was the first-ever digital asset insider trading scheme. Accused of...Read More
[PRESS RELEASE – Toronto, Canada, 1st June 2022] Toronto-based Paperboat Animation Studios Inc is poised to rattle the NFT space with a real-world utility project, Tattva118. When other projects promote profile pictures or exclusive access to secret dens, Tattva118 is creating a thriving space for entertainment, education, and the environment. This project will bring the...Read More
[PRESS RELEASE – Tortola, British Virgin Islands, 31st May 2022] MetaBlaze, a blockchain gaming company, has raised over $2.1M during its Initial Coin Offering, reaching its fundraising goal within three days. MetaBlaze opens the second round of its ICO with a current holder count of 2,000 wallets. MetaBlaze aims to set a new standard in...Read More
[PRESS RELEASE – Please Read Disclaimer] World Mobile Token, the first blockchain-based mobile network, is listing its native $WMT token on tier-1 cryptocurrency exchange Huobi Global on 2 June 2022. This listing serves as an important milestone for the project. It also adds a layer of visibility to millions of crypto enthusiasts who use the...Read More
Bitcoin’s price has risen by over 8% in the last seven days, going beyond $31,000 over the weekend. On Tuesday, it was trading near $32,000, a considerable gain from earlier month’s six-month low. It’s worth noting that this is the first time bitcoin has surpassed $31,000 since early May. Over the previous two weeks, its...Read More
