OpenSea, the largest marketplace for non-fungible tokens (NFTs), is laying off its employees. The layoffs align with what has been happening across the cryptocurrency market. Several firms, including Gemini, Coinbase, and Crypto.com, have laid off staff, citing the ongoing bear market. OpenSea to...
Ankr Network, one of the largest decentralized Web3 infrastructure providers, has launched a new upgrade. This upgrade will assist blockchains in transitioning and becoming more resilient. The upgrade is essential for supporting the advancement of Web3 technology. Ankr Network launches upgrade...
Japanese banks could soon offer crypto-related services. This comes after a leading financial market regulator revealed a plan to create legislation that will be used to govern banks that are offering crypto services. The law will be formulated towards the end of the year. Japan banks to offer cr...
Voyager Digital has joined the list of cryptocurrency trading platforms that have halted withdrawals because of the ongoing bear market. On July 1, Voyager Digital said that it was suspending some of its services, an announcement that made the company’s shares drop by more than 26%. Voyager Dig...
The FTX exchange has been making strategic business moves despite the ongoing bear market that has forced companies such as Coinbase, Gemini, and Crypto.com to lay off their staff. FTX is reportedly planning to acquire Robinhood, one of the top retail social trading platforms. FTX plans to acquir...
Stablecoins have faced intense pressure over the past two months since the collapse of the TerraUSD (UST) stablecoin. The Chief Technology Officer at Tether, Paolo Ardoino, has now revealed that hedge funds have been trying to short USDT to benefit from the depegging of the world’s largest stablec...
Cryptocurrency mining has been a contentious issue in many countries because of the energy demands by proof-of-work algorithms. The National Agency of Prospective Projects (NAPP) in Uzbekistan has published a list of demands targeting crypto mining operations. Uzbekistan’s demands on crypto min...
The capacity of the Bitcoin Lightning Network has reached 4000 BTC The levels follow the increased use of the network by institutions The Lightning Network offers scalability that promotes BTC’s use as a payment method The Bitcoin community has commended the network for seeking scalabilit...
Blockchain.com has announced a partnership with Unstoppable Domains Blockchain.com users will receive free domains through this partnership NFT domains are used because they are easier to remember because they are like human addresses Blockchain.com, one of the oldest cryptocurrency exchang...
Chainalysis has said that the collapse of UST was not the main factor that triggered Bitcoin’s crash The report noted that Bitcoin’s crash is correlated to the dip in tech stocks UST crashed in early May after a liquidity crisis on the Curve pool The first week of May was rough for the...
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