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
Josh Sell, the former Chief Product Officer of Tinder, has been appointed as the new Chief Operating Officer of N3twork Studios, a blockchain game developer and publisher made up of seasoned game developers (including those from EA, Kabam, Zynga, Glu, Disney, and more). Josh’s new position will enable N3twork Studio
The Consumer Price Index for December showed a gain that was in line with expectations, at 6.5%. The December CPI numbers were recently issued by the US Bureau of Labor Statistics. Minutes before the report was released, the cryptocurrency market was modestly positive, with most assets trading in the green.
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
According to Cimu Games, it is re-releasing its million-copy-selling game Runestone Keeper utilizing web3 game production tools from Ready Games. A first for web3 gaming, the web3-enabled beta version of the game, which took up the Best Gameplay prize at the 2014 Unity Awards, will debut in late Q1 on PC,
Yuga Labs, a leading blockchain firm and creator of the Bored Ape Yacht Club (BAYC) NFT collection, has developed a new initiative. According to a recent announcement from the BAYC platform, Yuga Labs is launching “Dookey Dash,” a skill-based NFT game with the specialty of a free mint. Apes, stretch
BlockFi, a cryptocurrency lender, has revealed its revenue figures. The filing describes the consequences of an FTX loan in June on 13 BlockFi executives. BlockFi’s equity interests were wiped out by a total of $800 million as a result of the loan. A statement of financial affairs released by the
According to reports, the bankruptcy court handling FTX’s case has rejected a letter signed by four US senators seeking an impartial examiner in the case. Concerns over FTX’s interconnection to Sullivan & Cromwell LLP were mentioned by the senators in a letter they sent on January 9th. The letter defined
El Salvador’s Miss Universe delegate walks the ramp dressed up as Bitcoin (BTC). The 71st Miss Universe preliminary rounds started on Jan 11th, 2023 in New Orleans. The competition features almost 90 beautiful women from every part of the world. Following the opening night ceremony, the next round of competition
Binance CEO Changpeng Zhao shared his plans for the exchange in 2023 at a conference in St. Moritz, Switzerland. CZ said that he plans to increase the exchange’s employment by 15-30% this year. Additionally, he discussed the exchange’s expansion despite the year 2022’s severe bear market. According to his calculations,
