Author: Tony Pearce
Decentralized Exchange Alex Raises $2.5M
Reading Time: < 1 minuteTrust Machines, Gossamer Capital, and other investors have recently invested $2.5 million in the development of the decentralized exchange Alex.
Ark Invest Purchases $6.4M of Block Shares
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ARK Invest has acquired a total of 92,165 shares of Jack Dorsey Block for an estimated $6.4 million, according to the organization’s trading documents.
Car Maker Nissan Registers Web3-related Trademarks
Reading Time: < 1 minuteNissan has registered four Web3-related trademarks in the US, which apply to the brands Infiniti, Nismo and Nissan.
Aave Plans to Launch a Mission to Rescue Lost Tokens
Reading Time: < 1 minuteAave’s “rescue mission” for tokens lost due to being sent to erroneous smart contracts has been approved by 100% of the votes.
Algostablecoins DAI and FRAX Lose Their Peg to USD
Reading Time: < 1 minuteThe algorithmic stablecoins DAI and FRAX lost their peg to the US dollar, mirroring similar problems experienced by the stablecoin USD Coin (USDC).
India Implements AML Laws to Cryptocurrencies
Reading Time: < 1 minuteThe Indian Ministry of Finance has extended anti-money laundering legislation to the digital currency market. This will help promote the transparency of crypto transactions and reduce the risk of criminal […]
Coinbase Supports Non-custodial Exchange Mauve
Reading Time: < 1 minuteInvestors including Coinbase VC, Brevan Howard, and others have recently invested $15 million in Mauve.
Binance Bans P2P Transactions in USD and EUR for Russian Users
Reading Time: < 1 minuteCitizens of Russia, as well as any individuals residing in the country, are now prohibited from using the Binance P2P service to purchase or sell dollars and euros.
Court Approves CoinFLEX’s Restructuring Plan
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CoinFLEX, a cryptocurrency derivatives platform, has announced that the Seychelles Court has approved a restructuring plan.
TSM Enters Into Partnership with Avalanche
Reading Time: < 1 minuteTSM and the Blitz Esports app have partnered with the Avalanche Network to create a blockchain-based subnet for tournaments.
75% of US Citizens Are Interested in Cryptos: Paxos Poll
Reading Time: < 1 minuteA survey conducted by Paxos in January 2023 found that 75% of respondents believe in digital assets to some degree, despite the FTX crash.
Mining Firm Argo Blockchain Mines 162 BTC in February
Reading Time: < 1 minuteArgo Blockchain miners earned $3.76 million in February, a 7% increase from January. The hashrate remained at 2.5 EH/s.
Iran’s Central Bank Completes Initial Phase of CBDC Project
Reading Time: < 1 minuteThe Monetary and Banking Research Institute (MBRI) has announced the successful completion of the initial phase of its digital real project.
Crypto Exchange Coinbase Acquires One River Digital Asset Management
Reading Time: < 1 minuteCoinbase has acquired One River Digital Asset Management (ORDAM).
Jack Dorsey’s TBD Launches a LN Arm
Reading Time: < 1 minuteTBD, a subsidiary of Jack Dorsey’s Block focused on Bitcoin, has announced the launch of a Lightning Network (LN) ecosystem development arm called c=.
Silvergate Stocks Drop By Almost 50% After Company Delays SEC Report
Reading Time: < 1 minuteSilvergate Capital Corporation saw its capitalization plummet by 48.82% on March 2.
US City of Orlando Announces Opening of 2,500 Jobs Related to Metaverse
Reading Time: < 1 minuteMayor Buddy Dyer of Orlando, Florida, has announced the opening of 2,500 jobs related to digital worlds as part of an effort to transform the city into a MetaCenter.
NFT Trading Volumes Hit May 2022 Levels
Reading Time: < 1 minuteNon-fungible token (NFT) trading volumes have reached the levels of May 2022, indicating that the digital asset class is continuing to surge in popularity.
CoinEx to Stops Offering Services to US Users
Reading Time: < 1 minuteCoinEx has recently announced that it will no longer be serving customers in the United States.
US Congressman Speaks Out Against Fed Control Over Digital Dollar
Reading Time: < 1 minuteUS Congressman Tom Emmer has spoken out against the Federal Reserve’s control over the proposed digital dollar.
How Have Cryptos Behaved Recently?
Reading Time: < 1 minuteBitcoin has been experiencing significant price changes over the past few weeks.
Chipmaker Chain Reaction Raises $70M
Reading Time: < 1 minuteChain Reaction has recently raised $70 million in a Series C funding round.
Immutable Lays Off 11% of its Employees
Reading Time: < 1 minuteNFT gaming studio Immutable has announced it plans to conduct a second stage of staff optimization.
Ethereum Developers Say Shapella Upgrade Will Take Place on Feb 28 on Sepolia Testnet
Reading Time: < 1 minuteThe Ethereum team of developers has scheduled the deployment of the Shapella update to the Sepolia testnet on February 28.
Polygon Lays Off 20% of its Staff
Reading Time: < 1 minuteBlockchain platform Polygon has recently announced it is reducing its workforce by about 20%.
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