In an effort to preserve liquidity, venture capital company Digital Currency Group (DCG) has informed its shareholders that it would not be paying out its quarterly dividends until further notice. In a letter to shareholders dated January 17th. The company stated its intention on “strengthening our balance sheet by reducing
ConsenSys, an Ethereum development firm and the creator of the popular MetaMask wallet, has announced it would be laying off 11 percent of its staff. The announcement was made by CEO Joseph Lubin in a blog post earlier today. In light of what Lubin calls “challenging and uncertain market conditions,”
According to reports, the authorities of Singapore has extended the amount of time during which Vauld is protected from creditors. The cryptocurrency lender has until the 28th of February to provide a strategy to revive the company. Due to the protracted bear market, Vauld has been one of the cryptocurrency
Binance, the biggest cryptocurrency exchange in the world, has stated that its services in Poland now conform to all local regulations governing the provision of virtual asset service providers (VASPs). In order to keep utilizing Binance Poland’s services, Polish customers must agree to the company’s updated Terms and Conditions. Binance
Backed by Tribe Capital, Castle Island Ventures, Picus Capital, Global Founders Capital, and more, Arch has completed $250,000 in loans pre-launch NEW YORK–(BUSINESS WIRE)–Arch, the first lending platform to provide a single loan across combined alternative assets, announces its official launch today. With an increase of individual investors holding their
The memecoin Shibu Inu price has exploded by over 16% in the past 24 hours and trades at $0.00001239.Furthermore, the crypto market cap has increased overnight to close to $1 trillion on CoinMarketCap. SHIB Finally Moving Bullish Gokhshtein Media’s founder David Gokhtein said “SHIB finally moving,” Earlier this week, Gokhshtein
Since the start of 2023, the global crypto market encountering bullish momentum. Also, social media was buzzing with dog-themed cryptocurrencies. The Shiba Inu ($SHIB) community, known as the ‘SHIB Army,’ has been waiting for the beta version of the Layer-2 scaling solution, “Shibarium”, which is designed for the SHIB ecosystem.
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
Financial Services Agency (FSA) of Japan Deputy Director-General Mamoru Yanase has called for more worldwide controls on the cryptocurrency sector. According to him, cryptocurrency exchanges need to be regulated like traditional financial institutions. Moreover, Yanase argues that authorities may avoid another crypto platform collapse by treating them like banks. The
U.S. retail trading platform Robinhood Markets Inc. announced on January 17 that it has launched a media-focused subsidiary named Sherwood Media, LLC. The exile Robin Hood of legend is said to have spent his early years in the “Sherwood” woodland, thus the name. The new media group would report on
