The business has eliminated all Web3 employees as part of its ongoing reorganization. Jake Sheinman, head of Snap’s Web3 team, announced his departure. On Friday, Snap Inc. CEO Evan Speigel revealed in a statement that the business has taken the painful choice to lay off 20% of its employees. According
September 3, 2022 1 min read
The plan to temporarily halt ETH borrowing has support with 96.18% in favor. About 214 thousand AAVE have been utilized by voters to accept the proposal. After a vote, the Aave community decided to put an immediate stop on Ethereum borrowing until the Merge. Due to the substantial dangers associated
September 3, 2022 2 mins read
LG plans to restructure its business portfolio and modernize its hardware division. The blockchain-powered digital wallet, built on the Hedera Hashgraph platform. Amidst volatile digital asset market circumstances, several electronic heavy weights are joining the race to Web3. To that end, the South Korean electronics giant LG is apparently aiming
September 1, 2022 1 min read
The Web3 network peaq, which drives the Economy of Things (EoT), has now announced its integration with the decentralized peer-to-peer fundraising platform Fundrs. AllianceBlock, a supplier of full stack decentralized financial solutions, has released a new product called Fundrs, which makes it possible for developers creating dApps on peaq to
September 1, 2022 2 mins read
On Monday, President Mario Abdo Bentez of Paraguay rejected a law that would have controlled the commercialization of cryptocurrency mining and other digital asset operations. The president’s official account tweeted, “The Executive Branch objects to the bill that seeks to regulate crypto mining in the country.” According to the decree,
August 31, 2022 1 min read
The firm disclosed the intention to provide monthly updates on the financial reserves. It denied the article’s assertions that the company is losing money. As Tether put it, “unsubstantiated conclusions” have been made about the stablecoin’s reserve adequacy. Tether responded with a statement after a Wall Street Journal report raised
August 30, 2022 2 mins read
Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore High Court have just now approved judicial management for the cryptocurrency lending platform Hodlnaut. The official announcement announces that Angela Ee and
August 30, 2022 1 min read
Together with the Swiss blockchain software and infrastructure company Lena Instruments, the Flare Network, the new blockchain that promises to link everything, has announced the introduction of a revolutionary crowdfunding launchpad. Through its platform, contributors to CloudFunding’s carefully vetted crypto projects have exclusive access to those projects and unique advantages,
August 30, 2022 4 mins read
These guidelines apply to all Virtual Assets Service Providers (VASPs) in the area. The objectives of the VARA apply to all kinds of outreach. Cryptocurrencies were always intended be utilized widely. Many large organizations and countries have publicly stated their support for cryptocurrency. In particular, Dubai has been on the
August 29, 2022 1 min read
Whales are unloading their ETH reserves because of the anticipated deflationary trend. The expiration of $2 billion in options on September 30 is also a big concern. The EIP-1559 burning mechanism will cause a deflationary trend in the price of Ethereum (ETH) following the Merge. However, ETH continues to fall
August 29, 2022 2 mins read
