Last week, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, predicted that the company’s income for 2022 will be “50% or less” than that of 2021. COIN hit a new low of $39.65 at the start of trading this Monday. The price has fallen 60% from its all-time high of $98
December 13, 2022 1 min read
OKCoin Japan, a major exchange in the country and a branch of the global digital asset business OK Group, has announced that it would be listing Shiba Inu (SHIB) three days after first hinting at doing so. OK Group is a leader in blockchain technology development and service provision. OKCoin,
December 12, 2022 2 mins read
Proof-of-concept for a wallet that may store a Central Bank Digital Currency (CBDC) is being sought by the Bank of England (BOE). The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. A platform for government agencies to offer digital project work, on the 9th of
December 12, 2022 2 mins read
On Thursday, the Ren Protocol team advised users of the Alameda-backed cryptocurrency that they may lose their funds if they did not take quick action. According to the cross-chain bridge, the Ren 2.0 update to the current product (Ren 1.0) could not be backwards compatible. To avoid “losing them,” Ren
December 10, 2022 1 min read
OpenSea, the leading NFT marketplace, has recently released a tool. That producers may use, to prevent their freshly released NFTs from being sold on sites that do not accept royalties. However, several Web3 developers had issues with the strategy and execution. Therefore OpenSea is making further policy adjustments in response
December 10, 2022 2 mins read
The epicenter for the current industry discussion about enforcing NFT creator royalties. As well as lengthy arguments between prominent participants in the area have now burst out into social media. As developers attempt to alter the trajectory of the Solana NFT market. Creator of the NFT standard for Solana, Metaplex,
December 9, 2022 2 mins read
Telegram, a popular messaging app, has released an upgrade that allows users to register using blockchain-based anonymous numbers rather than mobile phone numbers. To the delight of privacy-conscious users, Telegram will allow its users to conceal their phone numbers from everyone, rather than only those they haven’t registered to the
December 8, 2022 1 min read
Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as
December 8, 2022 1 min read
Morgan Stanley warned in a study published on Monday that Silvergate Capital (SI) faces a variety of risks due to the turmoil in the cryptocurrency industry after the bankruptcy of the crypto exchange FTX. Wall Street bank team led by analyst Manan Gosalia slashed Silvergate shares ratings to underweight from
December 6, 2022 1 min read
After the demise of FTX, the blockchain-based institutional capital marketplace Maple Finance declared on the 5th that it will sever all links with Orthogonal Trading due to the alleged falsification of finances. Maple Finance claims that the decision was made because Orthogonal Trading had been “operating while effectively insolvent” for
December 6, 2022 1 min read