The market has reached a point of no return. A new report on non-farm payrolls in the United States is now available. The number of individuals working in the U.S.’s industrial, construction, and retail sectors. The government statistics show that in January, a staggering 517k new employment were created. The
February 3, 2023 1 min read
Everlend, a DeFi borrowing and lending platform based on Solana, has stated that it would be discontinuing operations. Including further development of the platform. Project leaders explained its end in a statement released Wednesday. Citing a shortage of liquidity and the general contraction of the borrowing and lending market as
February 2, 2023 1 min read
On Thursday, OKX, the second biggest cryptocurrency exchange by trading volume, announced that it has formed a partnership with the Manchester City Football Club. The “OKX Collective” will be introduced by the cryptocurrency exchange with Jack Grealish, Ruben Dias, Ilkay Gündoan, and Alex Greenwood. A fully immersive, fan-exclusive metaverse experience
February 2, 2023 2 mins read
With an airdrop of coins to early backers, NFT marketplace SudoSwap announced the launch of its native governance token, SUDO. This shift coincides with a recent uptick in NFT trading volume, after a pause that was part of a larger decline in crypto activity. On January 30th, SudoSwap announced the
February 1, 2023 2 mins read
BNB Chain, Binance’s blockchain platform, has lately indicated a desire to create a Web3-based storage infrastructure, which it has dubbed BNB Greenfield. The whitepaper they released on their official Twitter page indicates that it will be integrated into BNB Chain’s decentralized storage architecture, which provides end users and decentralized applications
February 1, 2023 2 mins read
Support for Euro-backed IOUs on the XRP Ledger was recently announced by cryptocurrency exchange Bitstamp. Customers of Bitstamp may now use XRP Ledger for EUR transfers. Bitstamp tweeted on Twitter about their growing user base, saying: “We’re expanding our IOU Services on XRPL. You can now use EUR-backed IOUs as
January 31, 2023 2 mins read
Investment management business New York Digital Investment Group’s (NYDIG) debt to Bitcoin mining firm Greenidge Generation Holdings has been drastically decreased. Greenidge transferred Bitcoin mining gear and some credits to NYDIG. As part of a series of agreements signed with NYDIG on January 30 relating to Greenidge’s secured debt. As
January 31, 2023 1 min read
A law to establish guidelines for the use of cryptocurrencies and other similar activities in Kazakhstan has been approved by the upper house of parliament in the country. Local media have claimed that the new legislation “On Digital Assets in the Republic of Kazakhstan” together with other legislative papers pave
January 30, 2023 1 min read
After a crackdown on cryptocurrency trading and mining in the middle of 2021, Tron founder Justin Sun claimed Monday that China is plotting a return to the sector. With the introduction of a tax on crypto transactions, China has taken a major step toward cryptocurrency regulation. Justin Sun is unwavering
January 30, 2023 2 mins read
The Justice Ministry of South Korea has announced that a “virtual asset tracking system” would be implemented in the country during the first half of 2032. As a means to combat money laundering and retrieve stolen funds, South Korea is looking to cryptocurrencies. According to official statistics, 75% of all
January 29, 2023 1 min read