In a recent post on twitter, Polygon Labs CEO Marc Boiron announced the layoffs of 19% of the team. After several other firms announced layoffs amid last year’s recession, Polygon Labs has decided to fire 60 employees. Boiron stated: “We are on a mission to fundamentally change the internet so
February 2, 2024 1 min read
The Hong Kong Securities and Exchange Commission (SFC) has received an application from the Bybit crypto exchange seeking a Virtual Asset Trading Operator (VATP) license. The SFC website states that the exchange, operating under the name Spark Fintech Limited, submitted the licensing application on January 31. Included in the fourteen
February 1, 2024 1 min read
The premier institution for digital assets, Nexo, announced that it has joined the International Association for Trusted Blockchain Applications (INATBA). With the help of INATBA’s well-established connections with important public sectors in finance and regulation, Nexo’s commitment to reshaping the blockchain landscape has advanced significantly with this strategic cooperation. Through this
February 1, 2024 2 mins read
Coinbase announced that former UK Chancellor George Osborne would join its board of advisors. Disputes with the U.S SEC and litigation against the cryptocurrency exchange have likely prompted the move. The action by Coinbase further shows that the company is attempting to sidestep U.S regulations as it expands into other
January 31, 2024 1 min read
GRIID, a cryptocurrency mining firm, situated in the United States, has formally gone live on the Nasdaq stock exchange. Up until this point, GRIID was known for operating Bitcoin mining operations that were vertically integrated and made use of cheap, low-carbon energy. Although it was founded in 2018, it wasn’t
January 29, 2024 1 min read
According to CoinShares, a digital asset management firm, withdrawals from Grayscale’s bitcoin ETF (GBTC) were higher than inflows into other funds, even if they slowed significantly during the last week. According to the research, the U.S. bitcoin ETFs experienced net inflows of only $1.8 billion, while GBTC suffered $2.2 billion
January 29, 2024 2 mins read
Jim Cramer, presenter of CNBC’s Mad Money, has once again offered Bitcoin investors advice, this time urging them to sell their assets. Despite falling below $38,000 earlier in the day, Bitcoin is again showing signs of optimism. After a day of gains of 0.91 percent, BTC was trading at $39,826
January 26, 2024 1 min read
The developer of the Web3 investing application Dopamine, Web3Intelligence, has raised $4.5 million prior to the release of its native token, DOPE. According to an email notification on Thursday, DAO MAKER, Shima Capital, and Gate.io were among the investors that took part in the private investment round. In the realm
January 25, 2024 1 min read
Blocktrade, an asset marketplace and trading platform, has revealed a significant update that makes purchasing cryptocurrency at retail locations simpler than ever. Any business may now accept payments in a variety of cryptocurrencies and promptly have euros transferred into their accounts thanks to the new capability. Users may now pay
January 24, 2024 2 mins read
Users affected by the recent flash collapse of OKX’s native token, OKB, will be compensated by the cryptocurrency exchange. Investors and dealers were understandably worried when the token’s value plummeted on January 23, prompting this disclosure. In less than fifteen minutes on January 23rd, OKB’s value fell from $46.80 to
January 23, 2024 1 min read
