In an effort to reorganize the company, Dapper Labs will be letting off 20% of its full-time employees, as stated in a letter addressed to employees on Thursday by founder and CEO Roham Gharegozlou. Gharegozlou stated that the company was reorganizing to increase its focus and efficiency. Moreover, it also
February 24, 2023 1 min read
In the P2P Foundation forums on three separate occasions in February 2009, Satoshi Nakamoto presented the Bitcoin white paper and open source codebase to the community. Bitcoin’s first public announcement was made by its inventor, Satoshi Nakamoto, on the P2P Foundation forum on February 11, 2009. Before these occurrences in
February 24, 2023 1 min read
The U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, have been targeted by the Chamber of Digital Commerce for their “regulation by enforcement” strategy, which poses a danger to the U.S. digital assets market and investors. The Chamber of Digital Commerce argued in an amicus brief in
February 23, 2023 2 mins read
U.S. District Judge Victor Marrero’s decision to classify Flow’s NBA Top Shot NFTs as securities have caught many off guard. Moreover, the judge’s decision was predicated on the fact that Dapper Labs kept a private blockchain. And limited NFT trading to the Flow platform. The value of these NFTs, sometimes
February 23, 2023 2 mins read
The quantity of USD Coin (USDC) held on Binance has been increasing this week, as reported by Martin Lee, a data journalist for Nansen. Lee said on Tuesday through Twitter, that it is interesting to watch the number of USDC on Binance climb so much after the BUSD event. According
February 22, 2023 1 min read
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