Cryptocurrency projects are beginning to focus on long-term viability. Since last year, when Ethereum made the switch to the PoS consensus method, it has become more eco-friendly and uses less energy. There have been other industrial ventures moving in a similar fashion. A leading cryptocurrency exchange, Crypto.com has been dedicated
January 16, 2023 2 mins read
Similar to the withdrawal panic that plagued many exchanges last year. Nexo, a cryptocurrency lender, is experiencing difficulties after Thursday’s raid of its headquarters. Nexo is reportedly being investigated by the attorney general of Bulgaria. And another 300 investigators from different authorities, as was reported on January 12, 2023. Moreover,
January 15, 2023 1 min read
Together with Immunefi, the leading bug bounty platform for blockchain, Boba Network will launch a bug bounty program. This is being done on its L2 instances, such as Boba ETH L2 (Ethereum), Bobabeam (Moonbeam), Boba AVAX L2 (Avalanche), and Boba BNB L2 in order to enhance current security and improve the
January 15, 2023 1 min read
Disney is a multi-billion dollar entertainment and media company best known for its movie studio, theme parks, and other products. Founded in 1923 by brothers Walt and Roy Disney. Moreover, the company has become one of the world’s most recognizable and beloved brands. In addition to producing feature films, television
January 15, 2023 2 mins read
Since Coinbase has recently been laying off a large number of employees. Investors’ faith in the company’s debt has taken a beating. The debt of the cryptocurrency exchange has been downgraded by one notch. From “BBB” to “BB-,” from “investment grade” to “speculative grade,” by S&P Global, one of the
January 12, 2023 1 min read
The Russian firm NEXO, with headquarters in Sofia, is the subject of a massive international operation for suspected fraud, sanctions violations, and money laundering. Reports indicate that prosecutors from the national security and DANS, with the assistance of foreign operatives, are conducting a raid on Nexo headquarters in the Bulgarian
January 12, 2023 2 mins read
On January 11, 2009, one of the Bitcoin ecosystem’s early pioneers, Hal Finney, activated a node on his own computer. This day marks the beginning of the Bitcoin era. He made the announcement on Twitter, and the term “Running bitcoin” has subsequently entered popular culture. The genesis block was created
January 11, 2023 1 min read
WazirX, India’s biggest cryptocurrency exchange, said on Wednesday that it had disclosed its proof-of-reserves (PoR) and had a reserves-to-liabilities ratio of more than 1:1. Among the $286.10 million in reserves reported by WazirX. The Shiba Inu (SHIB) token is the largest at about $54 million. WazirX, a cryptocurrency exchange, said
January 11, 2023 1 min read
Cameron Winklevoss, the co-founder of Gemini, has sent a letter to the Digital Currency Group (DCG) in which he accuses crypto lender Genesis of defrauding Gemini and its 340,000 customers. Three pages of accusations against the lender and its parent firm were shared on Twitter today. In the statement, Winklevoss
January 10, 2023 2 mins read
Amid the continued bear market and FTX outbreak, Coinbase CEO Brian Armstrong intends to lay off another 20% of the company’s personnel in an effort to reduce operational expenditures. Coinbase had reduced its personnel by 18% in June of last year, and the new move will result in the loss
January 10, 2023 2 mins read
