Blockchain data analytics firm Nansen Research is slashing its workforce by 30%. Layoffs have been widespread across crypto businesses in the past year. Following the latest move, Nansen joins the growing list of companies such as Coinbase, Blockchain.com, ConsenSys, Gemini, Huobi Polygon Labs, Elliptic, Messari, Dapper Labs, Chainalysis, Immutable, etc., which have trimmed their staff...Read More
Popular cryptocurrency exchange Bybit announced it will be exiting the Canadian market, citing recent regulatory developments in the country as the reason behind its decision. The move follows similar decisions made by other exchanges that ceased operations in the North American nation. Starting May 31, new account openings will be unavailable, while existing customers will...Read More
Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend....Read More
New XRP (XRP) vs. SEC case updates indicate a growing probability that XRP (XRP) will win. The SEC opened the case in late 2020, alleging that XRP (XRP) had performed an unregistered security offering through its token sale. If XRP (XRP) ends victorious, it will be a massive boon for crypto, and regulatory concerns which...Read More
Binance – the world’s largest cryptocurrency exchange – has confirmed that its “reevaluating” its talent base following an external report that the firm plans to lay off roughly 20% of its workforce next month. The report presents a stark contrast to Binance’s position of strength last year, having stood out among industry leaders for continuing...Read More
[PRESS RELEASE – London, United Kingdom, May 31st, 2023] Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an...Read More
Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company called, CityPay.io. The move is deemed as an “important milestone” for the payment processing industry benefiting customers across Georgia and CIS. According to the official blog post, Tether aims to bring greater efficiency...Read More
Renowned Bitcoin cash advocate and early Bitcoin investor, Roger Ver, predicts that neither Ethereum nor Bitcoin will be the primary choice for new crypto users. Speaking on the “Show Me the Crypto podcast,” Ver, often referred to as “Bitcoin Jesus” for his past Bitcoin advocacy, acknowledges Ethereum’s scaling issues but recognizes it as the frontrunner...Read More
The Ripple lawsuit is now rounding out its 29th month. Ripple Labs (XRP) has spent over $200M defending itself in court. Cardano and Ethereum founder Charles Hoskinson said it will probably be resolved in June. During a recent “Surprise AMA” interview on YouTube, a viewer asked Hoskinson: “Charles, do you think the Ripple case gets...Read More
Binance is reportedly examining a proposal to offer its institutional clients the option to secure their collateral outside the crypto exchange in a bid to reduce counterparty risk. The move comes amidst growing calls from institutional digital-asset traders for a much-needed change after FTX’s dramatic collapse late last year that led to significant losses. Reducing...Read More
After almost three years as a BitMEX open source development grantee, Calvin Kim is leaving the program. Calvin’s grant expired on 31 May 2023. Calvin has received a US$100,000 grant from the Human Rights Foundation (HRF), which was announced on 9 May 2023. Therefore the funding of Calvin’s research and development work on Bitcoin and...Read More
In an opinion piece on May 30, the Coinbase CEO wrote that recent crypto industry turbulence “might make it tempting for policymakers to write it off as an unstable asset class.” This is effectively what U.S. regulators have been doing, missing the forest for the trees in treating crypto as a speculative or gambling tool...Read More
[PRESS RELEASE – Singapore, Singapore, May 30th, 2023] MetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry leaders, Sfermion and CMT Digital, to expand their tokenized app platform pioneering the META, (Metaverse Enabled Tokenized Application). Top web3 funds Tess Ventures, IOSG Ventures,IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital,...Read More
Litecoin is slated to undergo its third mining reward halving in early August, after which the per-block reward paid to miners will be lowered by 50% to 6.25 LTC from 12.5 LTC. Leading up to the fact, the 12th largest crypto-asset by market value has managed to fetch some big gains lately, pushing its price...Read More
The Securities and Exchange Commission (SEC) announced on Tuesday that ex-Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges for insider trading using knowledge from the exchange. The former has been forced to forfeit 10.97 ETH ($20,848.92) and 9,440 USDT, while the latter was made to forfeit $$892,500. The End of...Read More
