The first federal chartered crypto financial provider Anchorage Digital has revealed plans to downsize the workforce. A report from the Anchorage management dated March 13 revealed that the firm would trim 20% of its workforce to survive the harsh macroeconomic impulses and…
Users doing cryptocurrency trading have to choose between permissioned and permissionless blockchains, as both of them are opposite options. Permissioned blockchains have an administrator managing everything in the background. On the other hand, permissionless blockchains are fully decentralized and public. No administrator…
The core developers at Hedera have confirmed that hackers have recently targeted several liquidity pools on its DEX platforms. The crypto entity is currently dealing with the theft of tokens taken from its native DEXs. According to the project engineers, hackers targeted…
The popular online fashion store DressX has announced to generate $15 million from a series A funding round closed in February. The fashion company launched the funding round to generate a substantial amount necessary for the company to restructure and expand its…
Silvergate Capital Corporation has decided to opt for voluntary liquidation of its crypto banking enterprise called Silvergate bank. This decision has once again aired concerns among crypto stakeholders regarding the stability of crypto enterprises. On the other hand, some crypto experts see…
Many people are interested in trading NFTs for trading purposes. The users who are present on the Binance exchange may now exchange and trade NFTs on the Polygon network. The new change has been made possible on account of a new integration…
Many countries in the world are currently working on introducing their localized version of CBDC. A CBDC is a digitized version of a legal tender using blockchain technology. Nigerian Central Bank and the government are one of the first countries in the…
A crypto bull trap is a situation where investors believe that a particular cryptocurrency is about to experience a significant upward trend or Bull Run. However, the price of the cryptocurrency soon falls, trapping those investors who bought in at the higher…
As the crypto industry is flourishing day by day, United Arab Emirates (UAE) is also expanding its interest in the crypto industry to attract crypto players around the globe. UAE has recently announced that they are all set to launch free zones…
Tezos Foundation has recently started a collaboration with Google Cloud, focusing on speeding up the advancement of Web3-based apps on its blockchain. As included in the latest collaboration, Google Cloud – the top search engine platform Google’s cloud division – has consented…
The Financial Stability Board (FSB), also known as the financial watchdog powered by the Bank for International Settlements, is attempting to broaden the international regulations focused on the decentralized finance sector. A report was issued by the FSB on the risks posed…
Brian Armstrong, the CEO of Coinbase, has said that the firm has heard rumours regarding the imposition of a prohibition on staking by the US SEC. The CEO noted in a post on his official Twitter account that the Securities and Exchange…
The UK Treasury and the Bank of England are committed to supporting the development of the country’s central bank digital currency. The respective currency is popularly known by the names “digital pound” or “Britcoin.” In 2021’s April, discussions were started related to…
Organizational investors and rich people are slightly reluctant about crypto adoption due to the bear market that dominated the whole of the 2022 year. However, in advance of the bear market of the previous year, the year 2021 witnessed a huge upsurge…
Moody’s Corporation, a prominent financial organization, is reportedly operating on a scoring system covering nearly 20 stablecoins. The respective project will be focused on evaluating the quality of the stablecoins’ reserves attestation, as reported by Bloomberg. The news outlet cited the person…
Pantera Capital, a prominent hedge fund in the crypto space, states that a significant role will be played by decentralized finance (DeFi) in the upcoming bull run. Joey Krug, the chief investment officer of Pantera commented on this in the exclusive newsletter…
The US Securities and Exchange Commission (SEC) halted Bitcoin advancement across the country with its enforced regulatory measures, as per the Grayscale Investments’ CEO. The Wall Street Journal recently published a letter in which the CEO remarked on the SEC’s role as…
Thani Al-Zeyoudi, the foreign trade minister of state in UAE, has stated that crypto can play a significant role in leveling up the worldwide trade of the United Arab Emirates. While talking to Bloomberg in Davos Switzerland, he provided his opinion on…
The North Korean hacker group named Lazarus Group has moved 41,000 ETH (nearly $63.9 billion) which was swindled from Harmony Bridge in an exploit in 2022. The hackers have sent the stolen funds to the crypto exchanges named Huobi, OKX, and Binance,…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
