Day: 2 February 2024

Polygon Labs will lay off 19% of its staff, CEO Marc Boiron announced in a public post on the company website on February 1, 2024.  In the post, Boiron made it clear that the layoffs are not a reflection of the company's financial situation but rather a strategic decision to ...

Bitget has successfully distributed incentives to participants of its Task2Get program, a testnet initiative designed to promote the ZetaChain, a new Ethereum Virtual Machine (EVM) Layer 1 blockchain. In an announcement post on February 2, the Bitget team informed qualified participants to check their wallets and claim the rewards.  The ...

One key promise of DeFi (decentralized finance) is facilitating trade and transactions effectively without the need for intermediaries and centralized authorities–the true utopia of privacy. Private entities can carry out their transactions in a decentralized and trustless manner. Decentralized exchanges (DEX) are instances of how the fulfilment of this promise ...

Binance has frozen over $4.2 million worth of the looted XRP coins connected to the recent account hack on Ripple.  Binance CEO Richard Teng announced this development in a post on X and noted the the prompt action was possible due to early detection when the suspicious transactions were flagged ...

Bybit has officially submitted its application for a Virtual Asset Trading Operator (VATP) license to the Hong Kong Securities and Exchange Commission (SFC), according to the regulator's official website.  The SFC's website reveals that over 14 business entities have applied for the VATP license, with Bybit being the most recent ...