Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine
November 27, 2022 1 min read
Fenix Games, a Web3 game developer, has secured $150 million in capital to purchase, invest, and deliver blockchain games. A publishing business dedicated to bringing blockchain games to a wider audience will be established with the funds. According to Jinse, a local news outlet, investors such as Phoenix Group and
November 27, 2022 2 mins read
User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.
November 26, 2022 1 min read
While Bitcoin, Ethereum, and the rest of the cryptocurrency market have scarcely moved, Dogecoin has skyrocketed. There was a dramatic uptick in the price of Dogecoin, showing the strength of purchasers. DOGE has shown a clear breakthrough over a nearby resistance level, which may indicate a continuation of the current
November 26, 2022 1 min read
As a result of the crisis surrounding FTX, the cryptocurrency industry has been shaken to its core during the last two weeks. Both traders and organizations have been badly impacted since they have been confronted with monetary and/or operational challenges. As a leading cryptocurrency exchange, Bybit stated that it understands
November 24, 2022 1 min read
Coinbase-backed cryptocurrency exchange CoinDCX collaborated with Nansen to provide proof-of-reserves on November 24. This coincided with a rise in the need for exchanges to disclose their business practices among crypto investors worldwide. The information offers an overview of CoinDCX’s overall financial position. Including its token and protocol distribution, asset value,
November 24, 2022 2 mins read
On Wednesday, Bo Shen, a founding partner at Fenbushi Capital, tweeted about the theft of as much as $42 million in cryptocurrency from his personal wallet. Shen claims that on November 10, criminals made off with $38 million worth of the USDC stablecoin. The stolen funds, he clarified, are just
November 23, 2022 1 min read
The initial proposal, number 10946, was submitted by Terra Grants Foundation (TGF) programme director and Professor Edward Kim. This proposal is to reserve 750M LUNC tokens for developers, projects, validators, and community members that make significant contributions to the Terra Classic resurrection between the months of May and October. Edward
November 23, 2022 2 mins read
On Tuesday, a court in the Netherlands extended the prison sentence of Alexey Pertsev, the programmer behind the cryptocurrency mixer Tornado Cash. Reportedly, the court rejected claims that Perstev lacked the authority to manage Tornado Cash. Moreover, prosecutors said that the developer is essential to the crypto mixer’s operation. The
November 22, 2022 1 min read
To make the Rootstock and RIF ecosystem more accessible to mainstream users, IOV Labs and Buenbit have teamed together. Users of Buenbit will have access to services and products from Everyday DeFi that are secured by the Bitcoin network. In many respects, this is seen as a huge advancement by both
November 22, 2022 2 mins read