Immutable, a prominent Australian crypto gaming firm, recently announced it has laid off 11% of its workforce in order to preserve its financial reserves for the indefinite future. Having already laid off staff in July 2022, Immutable is now doing so again. The layoffs were disclosed in a memo emailed
February 23, 2023 2 mins read
0N1 Force, a top-tier NFT collection with an emphasis on comics, has been acquired by a group of seasoned crypto industry professionals. The group, led by blockchain investment company Old Fashioned Research (OFR), paid an unknown sum to purchase the top NFT collection. The founders of 0N1 Force have departed
February 22, 2023 2 mins read
Kevin O’Leary, of “Shark Tank,” has given his thoughts on the cryptocurrency market after the SEC has taken many enforcement actions. The Shark Tank star tweeted: “Venture funding for new crypto projects is virtually dead and aftermarket trading for existing projects is at massive discounts. Reason? The regulator is now
February 22, 2023 2 mins read
The two Solana shops will be shut down since they were unable to attract as many customers as expected. The company announced the closures through Twitter on February 21 and included a message from founder Vibhu Norby. Norby had launched Solana Spaces in the first half of 2022. He said
February 22, 2023 1 min read
After charges were hurled against the FTX’s former CEO, Sam Bankman-Fried, the ailing cryptocurrency exchange has gotten involved in controversies and scandals. In spite of the termination of its services on November 8, FTX Japan, the exchange’s Japanese branch, has lately indicated that it would respect withdrawals of client cash.
February 21, 2023 1 min read
The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Since its Proof-of-Reserves website went up at the end of last year. The exchange claims that more than 175,000 unique visitors have checked it
February 20, 2023 1 min read
To increase scalability and dependability, Helium Network, a communications protocol, has planned a transfer to the Solana blockchain and the implementation of oracles on March 27. The blog article from February 17 states that the switch will occur on March 27. And take place over the course of 24 hours,
February 20, 2023 1 min read
As far as we can tell, a Colombian court created legal history by conducting one of the first judicial proceedings in the nation in the metaverse. The hearing, took place on February 15. And was pushed by Magdalena court judge Mara Victoria Quiones Triana. It employed Horizon Worlds technology offered
February 18, 2023 2 mins read
According to a post-mortem report published by the Dexible team on the project’s official Discord channel on February 17. The multichain exchange aggregator was breached, resulting in the loss of $2 million worth of cryptocurrencies. From 6:35 pm UTC on February 17, a popup warning regarding the attack has been
February 18, 2023 1 min read
More than $3.7 billion was traded on Robinhood’s platform for cryptocurrencies in the last month, marking a 95% increase compared to December 2022. The company saw a decline in cryptocurrency sales after a strong start to the year due to the 2022 bear market. Compared to their values at the
February 17, 2023 1 min read