Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
TrueLayer Will Lay Off 10% of its Employees
Reading Time: < 1 minuteOpen banking startup TrueLayer has announced it intends to cut headcount by 10%.
Infura Team Plans to Launch a Decentralized Infrastructure Network
Reading Time: < 1 minuteInfura has announced that it plans to launch an open source decentralized protocol.
Charles Hoskinson: The Hype Around The Merge is Excessive
Reading Time: < 1 minuteThe transition of the Ethereum network to the Proof-of-Stake consensus algorithm did not affect blockchain performance, transaction costs or liquidity.
Binance Invests in Aptos Labs
Reading Time: < 1 minuteThe venture capital arm of Binance has recently announced it has made a strategic investment in Aptos Labs, a startup created by former Meta employees.
Cloudflare Will Support Gateways for The Merge
Reading Time: < 1 minuteCloudflare, a Network service provider, has announced gateways support for the transition of the Ethereum network to the Proof-of-Stake (PoS) consensus algorithm.
Huobi Signs Agreement with Busan to Develop Blockchain Industry
Reading Time: < 1 minuteHuobi Global and its local subsidiary Huobi Korea have recently signed a memorandum of understanding (MoU) with the government of the Korean city of Busan.
Joseph Lubin: Ethereum’s The Merge is 3rd Major Event in Industry
Reading Time: < 1 minuteJoseph Lubin has said that the transition of the Ethereum network from PoW to the Proof-of-Stake (PoS) consensus algorithm will be “extremely efficient.”
Ankr Teams Up with ssv.network for More Secure Form of ETH Liquid Staking
Reading Time: < 1 minuteAnkr has recently joined forces with sv.network, a decentralized staking infrastructure that enables the distributed operation of an ETH validator.
Filecoin Project RRMine to Move to Singapore
Reading Time: < 1 minuteThe largest Chinese service provider on the Filecoin network is moving its business to Singapore.
Russia Plans to Introduce Cryptos into the Country’s Civil Code
Reading Time: < 1 minuteRussia has recently proposed to legalize cross-border crypto transactions in 2023, however, this will require changes in the Civil Code.
Northzone Attracts €1 Billion for an Investment Fund Focused on Web3
Reading Time: < 1 minuteNorthzone, a British venture capital firm, has recently raised €1 billion for a fund focused on investments in crypto and fintech startups.
South Korea Resident is Sentenced to Prison for Metaverse Harassment
Reading Time: < 1 minuteA 30-year-old resident in South Korea has been sentenced to four years in prison for sexually harassing minors in an unnamed “popular” metaverse.
Wyre and Bolt Withdraw from $1.5B Deal
Reading Time: < 1 minuteFintech company Bolt Financial Inc. and blockchain startup Wyre Payments have recently terminated an agreement.
Fireblocks Annual Revenue Hits $100M
Reading Time: < 1 minuteCrypto company Fireblocks has announced it has reached $100 million in annual revenues.
Huobi Receives Green Light to Operate in the Virgin Islands
Reading Time: < 1 minuteThe British Virgin Islands Financial Services Commission has granted Huobi Group a license to operate a virtual asset trading platform.
Japanese Government Releases NFTs to Reward its Officials
Reading Time: < 1 minuteThe Japanese government has just issued non-fungible tokens (NFTs) as a reward for local officials who excel in the use of digital technologies.
Google Launches a Countdown to The Merge Launch on ETH
Reading Time: < 1 minuteGoogle has recently launched a doodle with a countdown timer to the activation of The Merge on the Ethereum mainnet.
Chainalysis: There Will Be a Price Divergence Between Ethereum and Bitcoin After The Merge
Reading Time: < 1 minuteThe price of Ethereum may show a post-merger independent of other digital assets, as staking will make the second largest cryptocurrency by capitalization look like bonds or commodities.
BNB Chain Devs Will Launch Zero-Knowledge Scaling Solution
Reading Time: < 1 minuteThe team behind Binance’s BNB Chain has announced the launch of a zero-knowledge proof-based zkBNB solution. According to them, the technology will improve user experience and scaling metrics, including transactions […]
SEC Chairman Supports Power Transfer on Crypto to CFTC
Reading Time: < 1 minuteThe SEC Chairman Gary Gensler plans to support the US Congress granting additional powers to regulate the crypto market to the CFTC.
Blockchain Capital Participates in Fuel Labs’ $80 Million Funding Round
Reading Time: < 1 minuteFuel Labs, a startup that is focused on blockchain scalability solutions, has just raised $80 million from Blockchain Capital and Stratos Technologies.
UK FCA Warns Investors Against Crypto Influencers
Reading Time: < 1 minuteThe FCA, the UK’s financial regulator, has recently warned investors about the risks of financial advice from influencers promoting crypto and forex trading.
Startup of Former Revolut Employees Raises $78M
Reading Time: < 1 minuteTesseract, a web3 startup founded by former Revolut Chief Revenue Officer Alan Chang, has raised $78 million.
Decentralized Finance Project Credix Attracts $11 Million
Reading Time: < 1 minuteDecentralized lending platform Credix has recently completed a $11.25 million Series A funding round led by Early Stage Motive Partners and ParaFi Capital.
1inch Network to Distribute 300,000 Optimism Tokens
Reading Time: < 1 minuteDeFi project 1inch Network plans to distribute 300,000 OP tokens among its users.
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