After the recent airdrop, the price of Arbitrum’s native ARB was highly volatile, eventually settling within the top 40 most valuable cryptocurrencies. After the project released the much-anticipated token to users of the Ethereum scaling network, as of this writing CMC ranked it as the 37th biggest digital asset by
March 26, 2023 1 min read
Recently, attorneys for FTX Group and Modulo Capital revealed their desire to settle out of court, thus wiping away 99% of the VC firms’ books. Today, FTX announced plans to sell its ownership in Mysten Labs back to Mysten in an effort to raise as much money as possible. Unlike
March 25, 2023 1 min read
The U.S. Department of Justice is reportedly looking into whether or not top bankers helped Russian billionaires circumvent sanctions against their nation. Credit Suisse Group AG and UBS Group AG are allegedly two of the institutions under scrutiny. According to Bloomberg, the United States government has subpoenaed a number of
March 24, 2023 1 min read
El Salvador is obviously focused on technological improvements as the rest of the globe contends with banking and other economic issues. Consequently, President Nayib Bukele intends to do away with all taxation related to technological development. Income, property, and capital gains taxes, as well as tariffs on imported goods on
March 24, 2023 1 min read
Despite being formally seized by European authorities, the Russia-connected cryptocurrency exchange Bitzlato has partly restored access to customer funds. Due to enforcement from the United States and Europol. Bitzlato has allowed its customers to withdraw up to 50% of assets locked on the platform. The company said on its Telegram
March 23, 2023 1 min read
Priority Power, a company that specializes in energy infrastructure, was given an order by the United States Bankruptcy Court for the Southern District of Texas to acquire around $20.8 million worth of mining equipment from Core Scientific. Two Texas mining facilities that were expected to generate 1,000 megawatts of power
March 22, 2023 1 min read
During the last two months, the popularity of “Bitcoin NFTs” has skyrocketed with the introduction of Ordinals, a protocol that enables users to digitally imprint media and text on the original blockchain, with over 500,000 such “inscriptions” having been produced already. Today, a major NFT marketplace on another chain is
March 22, 2023 1 min read
In a lawsuit filed on March 20th, Gala Games, developer of the GameFi project, said it had recently sued pNetwork, the cross-chain interoperability bridge it had been using on the BNB Smart Chain. When an illegitimate wallet address mined over $2 billion in GALA and dumped it on PancakeSwap in
March 21, 2023 1 min read
According to Bloomberg, Amazon has joined the recent wave of layoffs in the IT sector by letting go of another 9,000 workers today. Meta, Facebook’s parent company, has announced the layoff of an additional 10,000 workers, after the earlier dismissal of 11,000 staff. Amazon is just the latest IT company
March 21, 2023 1 min read
One of the largest self-custodial and multi-chain mobile wallets, Trust Wallet, has announced today that it has integrated with Coinpanda, Koinly, and CoinTracker to offer its users free insights reports to gain a deeper understanding of their cryptocurrency holdings as well as a quick, easy, and reasonably priced way to
March 20, 2023 2 mins read
