Category : Cryptocoins News

Cryptocoins News

Court: FTX spent $400 million on the acquisition of its European branch

The goal behind an overpriced buyout of the Swiss company was to get a proper European license. According to the legal team trying to return FTX investor funds throug...

Job Cuts at Circle and Dapper Labs: Bear Market Not Over

Even the giants are not immune to market pressures. Recent reports have highlighted significant workforce reductions at two major blockchain companies, Circle and Dapper Labs, despite their substantial fundraising successes. (Read More)

Ethereum scaling protocols drive zero-knowledge proof use in 2023

Ethereum scaling remains the primary use case behind zero-knowledge proofs, according to a report from ZKValidator. Ethereum scaling protocols dominate the use of zer...

BitMEX Presents Guilds, a New Idea for Social Trading

The world of social trading has been evolving for more than a decade and is dominated by several major players. BitMEX, a major crypto derivatives exchange, wants to change this balance of power and has unveiled a novel approach to social trading nam...

Russia’s “digital rouble” almost a reality after approval by lower house parliament

The bill will now move to the upper chamber of the Russian Federal Assembly. If passed the bill will be signed by the president into law. The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure. The digital r...

Blockchain group to push Philippines Web3 adoption via state partnership

DICT Director Emmy Lou Versoza-Delfin said there’s been a rise in innovative blockchain startups in the Philippines, signaling that the country could be a global leader in blockchain....

US industry watchdogs oppose draft bill on crypto market structure

The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation....

Dapper Labs lays off 51, cites prolonged crypto winter in NFT market

51 Dapper Labs employees have been laid off in the recent layoff. This is the third round of layoffs for Dapper Labs. It made prior layoffs in November and February. In the midst of a protracted crypto winter in the Non-Fungible Tokens (NFT) market...

Solana SOL Maintains $7.2 Billion Market Cap Despite SEC's Security Claim in Q2 2023

Solana, the high-performance, open-source blockchain, faced a challenging Q2 2023, marked by regulatory hurdles and a decline in its market cap and revenue. However, the network also saw a surge in fee-payer activity and an increase in non-vote trans...

Circle Announces Layoffs; to Reduce Investments in Non-core Activities

Circle, the company behind the stablecoin USD Coin (USDC), has announced that it is reducing staff and cutting investments in non-core business activities. At the same time, the company is reportedly identifying new investment opportunities and hirin...

South Korea's FSC to Submit Two Crypto-Related Acts to National Assembly

According to Newsis on July 13, the People's Power Party and the Financial Services Commission of South Korea are planning to submit amendments to the Electronic Securities Act and the Capital Market Act to the National Assembly within this month. (...

OKX Scoops 10,000 Users in One Month after Hong Kong Legalized Crypto

After Hong Kong introduced the new virtual asset service providers (VASPs) regime, many companies have decided to enter the local market in a bid to exploit its potential. OKX was one of them, introducing a version of the mobile app aimed at customer...

Google Play Embraces NFT Games

Google Play Store has announced that it will now allow video game publishers to sell nonfungible token (NFT) games on its platform. The announcement was made on July 12, 2023, by Joseph Mills, the store’s group product manager, marking a significant...

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience. The current Web3 user ex...

Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development

Binance’s investment arm has committed $15 million to Web3 gaming startup Xterio.& Xterio plans to use the funds for developing games and integrating artificial intelligence in its tech development.& The Web3 gaming startup’s founding team i...

Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI

Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud computing and GPUs. Crypto mining firm Hive Blockchain has rebranded to Hiv...

BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain

BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security. The Binance-operated BN...

BNB Beacon Chain to add 'panic' feature that can 'halt' blockchain

BNB Beacon Chain mainnet is set to undergo the “ZhangHeng” hard fork around July 19, which will bring new upgrades aimed at improving security. The Binance-operated BN...

Fed rate hikes to peak as inflation cools: Implications for Chancer

The US published weak jobs and inflation data this month. The Fed could now hike rates less times than expected. A dovish tone could be a good thing for Chancer and other cryptocurrencies. American stocks jumped to a multi-month high while th...

Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February. Nonfungible token (NFT) creator and...

Google Play Enables Support For NFTs In Apps & Games

Google has rolled out native support for tokenized digital assets in apps and games on the play store.& The tech giant will allow developers to offer games and apps enabled with trading of NFTs.& Experts saw the latest policy change as a pos...

Bitcoin ETF would be the 'seal of approval' from SEC: Mike Novogratz

The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin. The approval of a spo...

Bitcoin ETF is the needed 'seal of approval' for BTC: Mike Novogratz