Despite announcing plans for expansion in the next year, Axie Infinity maker Sky Mavis has announced the layoff of 21% of its employees. As per a report by TechInAsia, out of around 250 worldwide team members, over 50 are scheduled to be let off. CEO and co-founder Trung Nguyen stated:
As the price of Bitcoin gets closer to its peak, the focus now shifts to the coins that have the potential to change one’s future. Of the hundreds of other cryptocurrencies in the market today, four are notable due to their exceptional capacity and potential growth: Rexas Finance (RXS), Cardano
Two well-known names in the field, Solana (SOL) and Dogecoin (DOGE) keep running for relevance in the always-changing crypto landscape. DOGE wants to use its meme-powered community to outperform Solana’s market capitalization, but smart investors are focusing elsewhere—toward Rexas Finance (RXS), a potential project transforming the tokenization of real-world assets
Blockchain developer HOT Labs has received a $500K grant from the TON Foundation, which is in charge of The Open Network’s (TON) development. A platform for deploying and managing memecoins on TON will be developed with the help of the funding. Founded by Petr Volnov and Yuriy Olentyr, HOT Labs is a research
The cryptocurrency world is excited as Bitcoin ETF launches set new records. The debut of BlackRock’s Bitcoin ETF was spectacular, seeing a surge in trading volumes and driving predictions of Bitcoin reaching $100,000 soon. Meanwhile, Toncoin’s market analysis suggests robust short-term growth potential. The indicators are pointing towards an impressive
Cryptocurrencies have transformed many early adopters into millionaires, demonstrating the lucrative outcomes of timely investments. In 2016, a tech entrepreneur from New York capitalized on Ethereum’s potential, converting a modest $15,000 into a staggering $72 million as Ethereum’s value soared. For those who missed the Ethereum wave, BlockDAG (BDAG) now
With Traders predicting a 250% increase, ripple (XRP) has been at the front of investor attention as a profitable prospect for anyone wishing to profit on the upward trend of the market. Beyond XRP, though, three cryptocurrencies under $0.50—Rexas Finance (RXS), Shiba Inu (SHIB), and Floki Inu (FLOKI)—are generating waves
The market for cryptocurrencies has long been a subject of exciting forecasts and explosive returns. Among the most audacious voices is a trader known for precisely foretelling Ethereum’s historical top at $4,800. Currently, this same professional anticipates Ethereum rising to $10,000 not too far off. Though Ethereum’s path shows amazing
Developers of privacy-preserving technology are understandably concerned by the decision to keep Alexey Pertsev in pre-trial detention. While he awaits trial, Pertsev, developer of the Tornado Cash protocol for mixing cryptocurrencies, will stay in custody. Pertsev voiced his displeasure with the court’s decision to prolong his detention in a post
According to several local news reports, a court in Seoul, South Korea, declared virtual asset deposit platform Delio bankrupt on November 22. Delio stopped allowing withdrawals last year because they owed their clients 245 billion won ($1.75 billion). The process of liquidation will be initiated by Delio. The first creditors’
