Immutable, a prominent Australian crypto gaming firm, recently announced it has laid off 11% of its workforce in order to preserve its financial reserves for the indefinite future. Having already laid off staff in July 2022, Immutable is now doing so again. The layoffs were disclosed in a memo emailed
Since the U.S. Securities and Exchange Commission’s (SEC) assault on crypto businesses, scrutiny of crypto players in the U.S. continues. In the latest development, an attorney from New York has filed a complaint with regulators over a cryptocurrency exchange. Global regulatory agencies stepped up their attempts to standardize crypto market
Saga, Solana Mobile has unveiled Minty Fresh, a new NFT minting app built in-house. Solana Labs revealed the development of Saga mobile last year, which will be compatible with all the web3 use cases. And the device’s launch is to occur in the first quarters of this year. 📱Saga unlocks
The technology firm Tencent has announced that its subsidiary, Tencent Cloud, would be actively supporting Web3 innovations and contributing to the long-term growth of the worldwide Web3 community. To strengthen the Web3 ecosystem, the cloud provider has formed partnerships with crypto platforms including Ankr, Avalanche, Scroll, and Sui. According to
The biggest cryptocurrency exchange in India, WazirX, has discontinued its NFT marketplace, WazirX NFT. WazirX NFT has “sunsetted,” according to the website, although clients may still trade on OpenSea. All NFTs purchased on the WazirX exchange may now be traded on OpenSea. WazirX issued a statement expressing regret over the
According to Agustin Carstens, the head of the Bank of International Settlements, there is no longer a compelling case for the adoption of digital currency as a replacement for fiat currency. Technology, Carstens claimed in an interview with Bloomberg TV, could not be relied upon as a reliable means of
0N1 Force, a top-tier NFT collection with an emphasis on comics, has been acquired by a group of seasoned crypto industry professionals. The group, led by blockchain investment company Old Fashioned Research (OFR), paid an unknown sum to purchase the top NFT collection. The founders of 0N1 Force have departed
The newest NFT marketplace Blur buzzed on social media by beating the largest NFT marketplace OpenSea in terms of trading volume, as per DappRadar. Following that, today the fastest NFT platform Blur announced that it will shortly airdrop more tokens valued at over $300 million to its loyal customers. As
The quantity of USD Coin (USDC) held on Binance has been increasing this week, as reported by Martin Lee, a data journalist for Nansen. Lee said on Tuesday through Twitter, that it is interesting to watch the number of USDC on Binance climb so much after the BUSD event. According
The two Solana shops will be shut down since they were unable to attract as many customers as expected. The company announced the closures through Twitter on February 21 and included a message from founder Vibhu Norby. Norby had launched Solana Spaces in the first half of 2022. He said
