Author: Chris Smith
Polygon Co-Founder Introduces a Scholarship Program for Web3 Developers
Reading Time: < 1 minuteSandeep Nailwal, co-founder of Polygon, and Symbolic Capital, a venture capital fund, have announced the launch of the Nailwal Fellowship program.
Binance’s Spot Market Dominance Index Drops to 51%
Reading Time: < 1 minuteBinance’s share in terms of crypto transaction volume has declined over the past few months significantly.
Brian Armstrong Received A $6.3M Compensation in 2022
Reading Time: < 1 minuteBrian Armstrong, the CEO of crypto exchange Coinbase, received $6.3 million in compensation for legal fees and personal safety in 2022.
South Korea’s Authorities Block Do Kwon’s Digital Assets
Reading Time: < 1 minuteKwon owns digital currencies, real estate, and luxury cars, resulting in the prosecutor of Seoul requesting the freezing of assets totaling 233.3 billion won ($176 million).
Report: Institutions Will Start Buying Bitcoins at The End of 2023
Reading Time: < 1 minuteInstitutional investors are prepared to acquire Bitcoin and that its entry into the market will begin to be seen in the third and fourth quarters of 2023.
Animoca Brands Consolidated Assets Hit $3.4B
Reading Time: < 1 minuteAnimoca Brands released on April 30 an unaudited interim financial statement, estimating its consolidated assets at $3.4 billion.
Marathon Digital CEO Says Dubious Operators Left Market Following Crypto Winter
Reading Time: < 1 minuteFred Thiel, the head of mining company Marathon Digital, has noted the crypto market downturn last year as a positive step that helped rid the industry of “dubious operators.”
Binance Launches a Platform for VIP Clients
Reading Time: < 1 minuteBinance has launched its Capital Connect service, providing a platform for its VIP clients to communicate with investment fund managers.
Go First Airline Granted Bankruptcy Protection
Reading Time: < 1 minuteThe National Company Law Tribunal in New Delhi granted today Go Airlines (India) Ltd bankruptcy protection, providing a lifeline to the country’s fourth-largest carrier.
Amount of BTC Transactions Through Cash App in Q1 2023 Reached $2.2B
Reading Time: < 1 minuteBlock has reported that the volume of cryptocurrency transactions through its Cash App was estimated to be around $2.2 billion for the first quarter of 2023.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minutePacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Ripple’s Legal Battle Against SEC Could Have Cost Company $200 Million
Reading Time: < 1 minuteThe company spent $200 million on legal costs in the ongoing lawsuit against the US Securities and Exchange Commission (SEC).
Tim Draper Criticizes US Policy Towards Blockchain Industry
Reading Time: < 1 minuteVenture investor Tim Draper has recently expressed his concern about the US government’s strict policies towards digital currency businesses.
US DoJ Suspects Binance of Violating Sanctions Against Russia
Reading Time: < 1 minuteThe US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Trust Wallet Adds Support for Sui Network
Reading Time: < 1 minuteCryptocurrency wallet Trust Wallet has just integrated layer 1 blockchain Sui Network.
The SEC Abandons its Definition of Cryptocurrencies
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has removed its first formal definition of “digital assets” from its hedge fund rulebook.
Fed Raises its Rates
Reading Time: < 1 minuteThe Federal Reserve shifted to a new stage of post-pandemic economic recovery management yesterday, taking what may be the last step in its historic series of interest rate hikes.
bitFlyer USA Ordered to Pay a $1.2M Fine for Violating New York State Cybersecurity Regulations
Reading Time: < 1 minuteThe NYDFS has imposed a fine of $1.2 million on cryptocurrency exchange bitFlyer USA for not complying with New York state cybersecurity regulations.
Blur and Paradigm Roll Out an NFT Lending Protocol
Reading Time: < 1 minuteThe Blur platform has recently introduced the Blend landing protocol for non-fungible tokens (NFTs).
US Authorities May Close Another Bank Serving Crypto Companies
Reading Time: < 1 minuteCross River Bank is listed as one of the lending institutions that serve crypto companies, such as Coinbase and Circle, the issuer of USDC.
Cryptos Will Outperform Other Assets Amid Banking Crisis: Opinion
Reading Time: < 1 minuteRaoul Pal, a former top manager of Goldman Sachs and macro investor, has predicted that cryptocurrencies will outperform other asset classes.
Uniswap Launches Solutions to Reduce Protocol’s Overhead
Reading Time: < 1 minuteA new Permit2 approval mechanism has been developed by the Uniswap decentralized exchange team to enable smart contracts to transfer tokens on behalf of users.
Circle CEO Attributes Decreasing USDC Market Cap to US Crackdown on Crypto
Reading Time: < 1 minuteJeremy Allaire, CEO of Circle, has stated that the recent regulatory crackdown by the United States has had an effect on the market capitalization of its stablecoin, USD Coin.
CoinGecko Compiles List of Popular Web3 Games of the Year
Reading Time: < 1 minuteCoinGecko has reported that as of 2023, four of the most popular Web3 games are Alien Worlds, Splinterlands, Farmers World, and Planet IX, each having over 35,000 unique active wallets (UAWs) interacting daily.
Coinbase CEO Brian Armstrong Joins NFT Initiative Stand with Crypto
Reading Time: < 1 minuteCoinbase CEO Brian Armstrong has released NFTs as part of the Stand with Crypto project.
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