There was a tremendous upheaval in the technology industry in the United States in 2023, with over 60,000 people losing their employment in layoffs in only the month of January. Google, Microsoft, Amazon, and Salesforce, all major heavyweights in the tech industry, have announced large-scale layoffs for 2023. Last month,
April 3, 2023 1 min read
In the beginning, ARK Ecosystem’s open-source tools including a legacy block explorer and desktop wallet were used to launch the Solar Network’s mainnet. While Solar Core has been steadily improving since its beginnings, several hardcoded features have proven challenging to update to the latest and greatest version of the codebase.
April 2, 2023 2 mins read
The Prosecutor’s Office had asked the Seoul Southern District Court to detain Shin Hyun-seung, a co-founder of the defunct firm Terraform Labs, in pre-trial custody, but the court denied the motion. According to reports, he was instrumental in the downfall of the firm’s crypto assets, including Luna and the stablecoin
April 2, 2023 2 mins read
Bittrex, a cryptocurrency exchange based in the United States, announced it will be closing its doors. The exchange stated in a statement on Friday that customers’ monies were secure and that they may withdraw them until April 30. It also stated that trading will continue until the 14th of April.
April 1, 2023 2 mins read
Huobi Global, a cryptocurrency exchange led by Tron founder Justin Sun, has announced a strategic alliance with Gala Games, a blockchain-based play-to-earn gaming platform. The corporations want to work together on Web ecosystem growth, community creation, and investment in leading Web3 initiatives. On March 31st, Huobi announced on its official
March 31, 2023 1 min read
Former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty on Thursday to additional charges of conspiracy to violate campaign finance regulations and bribe Chinese authorities. Earlier, the 31-year-old crypto tycoon pleaded not guilty to eight charges of fraud and conspiracy through his attorney Mark Cohen, in which he is accused
March 31, 2023 2 mins read
The cryptocurrency platform Beaxy and its management are facing accusations from the Securities and Exchange Commission (SEC). This is for allegedly failing to register as an exchange, broker, or clearing agency. The finance regulator has taken another step in its unprecedented onslaught on US cryptocurrency businesses. Beaxy Digital Ltd, was
March 30, 2023 2 mins read
Arbitrum’s native lending protocol, Radiant Capital, is analogous to other popular protocols like AAVE and Compound. Unlike more conventional lending protocols, however, Radiant’s lending service is cross-chain enabled. Collateral posted on chain A may be used as security for a loan on chain B. Radiant’s scalability in terms of blockchains
March 30, 2023 2 mins read
Plans to introduce a government-backed “NFT for Britain.” As planned by crypto-friendly Prime Minister Rishi Sunak, have been scrapped in the United Kingdom. As part of the government’s aim to make the UK a worldwide hub for crypto-asset technology and investment. Chancellor of the Exchequer Sunak requested in April 2022
March 28, 2023 1 min read
U.S. officials have accused Binance, the biggest cryptocurrency exchange in the world, of breaking the law in an attempt to step up their crackdown on the cryptocurrency industry. The cryptocurrency sector has been quick to focus on the CFTC’s designation of cryptocurrencies like Bitcoin, Ethereum, and Litecoin as commodities. One
March 28, 2023 1 min read
