By March of 2023, the Caribbean country of St. Kitts and Nevis may adopt Bitcoin Cash as legal cash. That was announced by Prime Minister Terrance Drew on November 12 during the Bitcoin Cash 2022 conference in St. Kitts. DCash is the central bank digital currency (CBDC) initiative of the
November 20, 2022 2 mins read
Following the demise of crypto behemoth FTX, CZ has prompted a flurry of reserve audits at cryptocurrency exchanges. Proof-Of-Reserves was first proposed by Binance’s CEO. Grayscale, a digital asset investing business, has refused to provide its on-chain proof of reserves, citing security concerns. On Friday afternoon, Grayscale sent an announcement
November 20, 2022 2 mins read
Many people lost their jobs once Elon Musk became Twitter’s CEO. Hundreds of independent contractors were suddenly let off with no warning. But it seems that the tables have flipped recently. Hundreds of Twitter workers have thrown up their arms because of Musk’s very rigorous workplace culture. Elon Musk emailed
November 19, 2022 1 min read
A few weeks ago, it seemed as if the majority of the NFT market was rapidly moving away from accepting creator royalties in any form. OpenSea, the largest online marketplace, contemplated making them voluntary. However, resistance from creators ultimately led to OpenSea keeping royalties. And now another Ethereum marketplace is
November 19, 2022 2 mins read
The FTX outbreak is rapidly increasing in scope. As reported by crypto venture capital company Multicoin Capital to its investors on November 17th, the FTX crash has caused the fund to fall by a startling 55% over the previous month. Multicoin thinks it has a chance of getting its money
November 18, 2022 1 min read
A wave of layoffs at Metaplex, a Solana NFT protocol maker, was revealed on Thursday as the Web3 ecosystem continues to be affected by the outbreak brought on by the collapse of the cryptocurrency exchange FTX last week. Stephen Hess, co-founder, and CEO of Metaplex said today through Twitter that
November 18, 2022 2 mins read
After Genesis, a troubled crypto lending service halted client withdrawals on Wednesday, prominent cryptocurrency market maker B2C2 decided to help. Max Boonen, the founder of B2C2, tweeted minutes after the trading firm’s statement, “B2C2Group wishes to extend an offer to purchase loans from Genesis Trading’s book to alleviate the current
November 17, 2022 1 min read
Organizations are continuing to dissociate themselves from the defunct FTX crypto exchange. The Sequoia Capital team made the decision to fully write down the value of its FTX assets exactly one week ago. FTX’s “liquidity crunch” and “solvency risk,” as stated by Sequoia in a letter to investors, prompted the
November 17, 2022 1 min read
Following the FTX led effect through the cryptocurrency ecosystem, crypto lending company SALT announced today that it is suspending withdrawals. SALT CEO Shawn Owen stated: “The collapse of FTX has impacted our business. Until we are able to determine the extent of this impact with specific details that we feel
November 16, 2022 1 min read
Circle, the issuer of the USDC stablecoin pegged to the US dollar, has introduced support for Apple Pay in an effort to bring the crypto and conventional payment systems closer together. In a blog post published on November 15th, Circle made the news and projected that it may increase sales
November 16, 2022 2 mins read