Magic Eden, a non-fungible token (NFT) marketplace, has announced that it will dismiss 22 employees due to a company-wide restructure. This represents approximately 15% of their staff, considering the 141 employees listed on LinkedIn. 🧵 Today is a sad...
DBS Group, a state-owned megabank based in Singapore, is eyeing the opportunity to expand its cryptocurrency services to Hong Kong as the city strives to become a hub for digital assets. Despite the new regulatory framework expected to go...
Wirex, a leading cryptocurrency payments platform, has entered into a strategic and long-term international partnership with payment giant Visa. As part of this agreement, Wirex will join Visa in the Asia Pacific (APAC) region and the UK, allowing it...
Namecheap, a web hosting service provider, discovered that one of its third-party services had been exploited and used to send some unwanted emails that were specifically addressed to MetaMask customers. The issue, according to Namecheap, involved an email gateway...
The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos to stop issuing the Binance USD (BUSD) stablecoin, which is pegged to the US dollar. This action was taken after the United States Securities and Exchange...
The year 2022 saw a decline in Bitcoin mining due to various challenges faced by the industry, including rising electricity prices, the collapse of crypto firms, loan defaults, and a bear market. According to CoinTelegraph, public miners sold off...
The South Korean government has imposed its first round of unilateral sanctions in response to the rising number of cryptocurrency thefts and cyberattacks carried out by North Korean organizations and individuals. According to Seoul's Ministry of Foreign Affairs, seven...
PayPal, the world's highest-valued digital payment platform, now offers its clients access to cryptocurrencies, including Bitcoin, which make up a significant portion of the company's financial liabilities. According to the annual report submitted to the US Securities and Exchange...
China's Ministry of Science and Technology has approved the construction of the National Blockchain Technology Innovation Center, a significant milestone in the quest to drive the mass adoption of blockchain technology in the region. According to reports, the institute...
Tether, the issuer of the world's largest stablecoin, USDT, has completed the reserve authentication process with renowned international accounting firm BDO. Tether today published BDO's assurance opinion, which shows a net profit of $700 million for the fourth quarter...
