Genesis Global, a cryptocurrency lender, officially filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York on January 19. The failure of cryptocurrency exchange FTX has resulted in a slew of bankruptcies, the most recent of which being Genesis. It’s also a
January 20, 2023 1 min read
The news that Binance, the biggest cryptocurrency exchange in the world, would be delisting Beam (BEAM) caused its price to plummet. According to statistics compiled by CoinMarketCap, BEAM has lost 30% of its value in the previous 24 hours. The cryptocurrency exchange said that the BEAM token did not match
January 19, 2023 1 min read
Amid the pressure to speed up the burn rate, the Terra Classic community has burnt up almost 16 million LUNC tokens in less than a week. In 2023, validators and projects working with Terra Classic want to burn billions of Terra Classic (LUNC) to increase the burn rate. An estimated
January 19, 2023 1 min read
U.S. retail trading platform Robinhood Markets Inc. announced on January 17 that it has launched a media-focused subsidiary named Sherwood Media, LLC. The exile Robin Hood of legend is said to have spent his early years in the “Sherwood” woodland, thus the name. The new media group would report on
January 18, 2023 2 mins read
Reportedly in the next few days, Microsoft will carry out a massive layoff, affecting 11,000 employees. During a worldwide economic slump, the report claims the technology giant wants to lay off a large portion of its workers. Right from 2022, layoffs were routine, and many people started planning ahead for
January 18, 2023 1 min read
Today the Shiba Inu team revealed that the beta release of its Layer-2 blockchain, Shibarium, will soon be available to the public. Pre-launch, the Shibarium blockchain’s official Twitter account explains the concept of the Shibarium to the Shiba Inu community. In response, the value of SHIB and BONE tokens has
January 16, 2023 1 min read
This weekend, the Lazarus Group was busy redistributing the stolen funds from the Harmony Bridge breach. The cryptocurrency exchanges involving substantial sums of Ether were documented by blockchain detective ‘ZachXBT‘ on January 16. Tornado Cash, an anonymous cryptocurrency service, was the initial source of the crypto funds that were processed
January 16, 2023 2 mins read
The Ethereum core development team has said that they are making steady progress toward their March launch objective for Shanghai and the addition of staked ETH withdrawals to the Ethereum network. Developer Network 2 (or “devnet 2”) was released this week to help client teams fine-tune the ETH withdrawal procedure.
January 15, 2023 1 min read
The price of Shiba Inu Coin (SHIB) has risen the most among meme coins as investor opinion has shifted positively. In comparison to the roughly 20% increase in value shown by Dogecoin (DOGE) over the last week, the price of SHIB has risen by 23% over the past week. SHIB
January 15, 2023 1 min read
McDonald’s has teamed up with popular web content producer Karen X Cheng for a Lunar New Year ad campaign. The 30-second ad draws inspiration from Cheng’s warm recollections of the event as a youngster and has a QR code call to action that leads viewers to more campaign materials. Elizabeth
January 14, 2023 1 min read