Crypto Influencers were compelled to clarify that an inside joke regarding Wrapped Ethereum’s (wETH) “insolvency” over the weekend was just a “shitpost” after some members of the community mistook it for the truth. On November 26, false rumors claiming that wETH is insolvent and not backed 1:1 by Ether (ETH)
Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine
Due to weak market performance and a larger computational demand amid increased network difficulty, Bitcoin miners’ income has dropped to two-year lows. However, miners have been able to recover losses thanks to a continuing decline in the Bitcoin hash rate over the last month. Bitcoin mining profits (from both block
Bitget, a cryptocurrency and derivatives exchange, stated on November 25 that it has registered in Seychelles, Africa, to accelerate its worldwide development. Bitget hopes to double its current workforce size of 800 employees by the end of the first quarter of 2023, reaching 1200 employees in total. The company is
After the horrific aftermath of the FTX exchange’s failure, the cryptocurrency market plummeted to lows not seen since the bear market of 2018. The Hedera project, which operates on the company’s patented Hashgraph technology, has continued to thrive despite this. After a rough second quarter, the Hedera Network rebounded with
Bitwise, a leading cryptocurrency asset management firm, has resubmitted its ETF proposal to include Bitcoin futures (ETF). The proposed fund would use a Cayman Islands-based wholly-owned subsidiary to invest only in Bitcoin futures contracts. Due to the high price tag and high complexity of the planned solution, Bitwise withdrew its
CEO of Binance, Changpeng Zhao (CZ) recently posted a tweet that seemed to take place in Albania, where he met with Prime Minister Edi Rama and the team from RNS.ID, which bills itself as the first sovereignty-backed digital ID platform. It is unclear why CZ is in the southern European
Ripple’s native cryptocurrency, XRP, is one of the few that has been increasing in value despite the general market downturn. The SEC action against Ripple is only one of several causes driving this uptick. Nonetheless, the case-related developments have prompted crypto whales to purchase additional XRP. According to Whalestats, the
User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.
There has been a 24% increase in the value of Huobi Token (HT) during the last day. The price of one HT has risen from its all-time low of $3.70 on November 13 to its current price of $7.22. The values of cryptocurrency tokens have taken a beating in the
