The creative studio behind Bored Ape Yacht Club (BAYC) and CryptoPunks, Yuga Labs, has announced a round of layoffs across its U.S departments. CEO Daniel Alegre relayed the news to the team, underlining the move’s need during tough global economic circumstances. Consequently, the organization is getting through these tough times
October 6, 2023 1 min read
Defunct Voyager Digital is at the center of the newest dispute. Stephen Ehrlich, Voyager Digital’s co-founder, has come under scrutiny after an inquiry by the Commodity Futures Trading Commission (CFTC). Most notably, a major US regulator has concluded that the co-founder of Voyager Digital Ltd. broke derivatives laws prior to
October 6, 2023 1 min read
Kraken has announced plans to expand into Europe by acquiring Coin Meester B.V. (BCM), a crypto exchange situated in the Netherlands. Kraken and BCM have announced an upcoming acquisition, while financial terms of the agreement have not been made public. The exchange has secured VASP licenses in Ireland, Italy, and
October 6, 2023 1 min read
As the bearish sentiment prevails, startup financing in the cryptocurrency sector has returned to Q4 2020 lows. Messari, a blockchain analytics business, said on October 5 that 297 crypto companies raised $2.1 billion in Q3 2023, down 36% from Q2 2023 and roughly 70% from Q3 2022. Overall, $488 million
October 5, 2023 1 min read
Following the lead of other countries, South Korea has decided to launch a trial program of CBDC. Plans to investigate the CBDC’s technological foundation were recently announced by the Bank of Korea (BOK), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS). Notably, the FSC and the FSS
October 4, 2023 1 min read
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
October 4, 2023 2 mins read
Chainalysis, a blockchain analytics business, let off another 15% of its workforce this week, citing the necessity to cut costs in light of the prolonged detrimental market. The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people. Madeleine Kennedy, VP of
October 3, 2023 1 min read
The ApeX Bot, a inaugural L2 DEX Telegram (TG) bot focusing on derivatives trading inside a decentralized framework, was released by the leading crypto derivatives DEX, ApeX Protocol, marking a major milestone. Its novel Bot Key solution, created internally by the ApeX team, is its most distinctive feature. Innovative technology acts as a
October 3, 2023 2 mins read
Ether Futures Exchange Traded Funds (ETFs) by major players like VanEck and Proshares goes live, marking a new era for the cryptocurrency sector and the ETF market as a whole. The SEC has been notoriously slow to approve Bitcoin ETFs, so this news comes as somewhat of a surprise. According
October 2, 2023 2 mins read
Gemini, a cryptocurrency exchange based in New York, has chosen to leave the Netherlands. The firm plans to return to the Dutch market, but it cannot yet satisfy the standards set by the government. According to a statement sent to Dutch consumers on September 26, Gemini will cease operations in
October 1, 2023 1 min read