CoinShares CEO Jean-Marie Mognetti said that the company’s financial condition was robust despite the market turmoil caused by crashes and frauds. Yet, the company’s profits were severely diminished. In its quarterly report for 2022, CoinShares revealed revenue and other income of £14.5 million. The European asset management had a precipitous
February 22, 2023 1 min read
Tencent one of the largest Chinese tech firms has laid off around 300 employees from its respective metaverse development teams. Tencent, well renowned for its software business, is presently abandoning its aspirations to enter the metaverse hardware sector. Which will have an impact on hundreds of workers. Local news sources
February 20, 2023 1 min read
Stablegains, a yield platform for decentralized finance, has been sued in a California court for allegedly deceiving investors and breaking securities laws. Alec and Artin Ohanian, the plaintiffs in the federal lawsuit filed on February 18 in the Central District of California, claim that without their permission or knowledge, the
February 20, 2023 1 min read
The Japanese branch of the defunct cryptocurrency exchange FTX apparently has withdrawals scheduled. This is expected to start for impacted customers as early as the month of February. Bloomberg reported on February 17 that FTX Japan sent out messages. Requesting customers to verify their account balances before withdrawals could be
February 19, 2023 1 min read
Bored Ape Kennel Club (BAKC) NFT collection’s logo seems to have been utilized without a license or the artist’s consent. An alert Twitter user saw the resemblance on Friday. The image’s maker, Easy Drawing Tutorial, and Yuga Labs co-founder Greg Solano later confirmed the similarity. When Yuga Labs announced the
February 19, 2023 2 mins read
On Friday, the US Securities and Exchange Commission (SEC) charged ex-NBA star Paul Pierce with crypto breaches. The charges against him center on his promotion of EthereumMax (EMAX) coins on social media without providing the necessary context. The SEC said the ex-player made deceptive claims in a promotion for EMAX.
February 18, 2023 1 min read
Binance, the world’s biggest crypto trading platform, has released a Mastercard debit card in the country of Brazil. Binance now offers its customers a debit card that can be used at any location that accepts Mastercard to make purchases using their cryptocurrency holdings. In addition to the many places where
February 16, 2023 1 min read
Abu Dhabi’s digital ecosystem, Hub71, has unveiled a new venture named “Hub71+ Digital Assets.” This is with the financial backing of over US$2 billion. Among the Web3-based technologies that this initiative hopes to promote are blockchain technology and metaverse applications. Web3 firms will have access to cutting-edge blockchain and virtual
February 16, 2023 1 min read
Circle, the company that issued USD Coin, has refuted that it was served with a “Wells Notice” due to the stablecoin’s tie to the US dollar. On February 14, Fox Business reporter Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission (SEC) had ordered Circle to stop selling USDC
February 15, 2023 1 min read
On Monday, crypto trading was made available in Hong Kong via Interactive Brokers, an automated worldwide electronic broker. Bitcoin (BTC) and Ethereum (ETH) trading are now available to professional investors on the Interactive Brokers platform, according to a press release. In order to be considered a Professional Investor in the
February 15, 2023 1 min read
