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” Payments provider Affirm to sunset crypto program after 19% staff cut “ Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment. The CEO released a letter to shareholders on Feb. 8 alongside a 19%…
” Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake “ Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed it got board approval to buy back the…
” A tribute to hardworking heroes: A Hard Working Man – Blue Collar Pass “ In 2022, the concept of nonfungible tokens (NFTs) faced criticism from those who questioned their utility. However, the team behind the “A Hard Working Man” (AHWM) digital collectibles project is eager to change that perception. In collaboration with Cointelegraph and…
” Cointelegraph launches the Top 100 list of crypto heroes and villains, 2023 edition “ After a turbulent 2022 in the crypto sector, people are hoping for brighter times in 2023. For the fourth consecutive year, Cointelegraph is unveiling its list of the Top 100 most influential in the crypto and blockchain space, weighing the…
” DeFi securitization of real-world assets poses credit risks, opportunities: S&P “ Decentralized finance’s (DeFi) use case in traditional finance could grow in the coming years as new protocols attempt to support the securitization of real-world assets, according to a new research report from credit rating agency S&P Global Ratings. The financing of real-world assets,…
” Crypto and psychedelics: Clarifying regulations could help industries grow “ This year, investors are watching for big spikes in biotech companies working with psychedelics, especially as the once-controversial compounds return to the spotlight touting mental health benefits — and uniting lawmakers at the United States Capitol across party lines. The category’s future could make…
” India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users “ The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 users, and 5,000 merchants since the Reserve Bank…
” Saudi Arabia partners with The Sandbox for future metaverse plans “ Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East, as the Leap conference in Riyadh, Saudi Arabia highlights key topics in the industry. On Feb. 7, a partnership ceremony was held at the conference, which…
” ConsenSys founder ‘bullish’ on Ethereum following crypto winter performance “ With Ethereum showing resilience through the latest cryptocurrency winter, ConsenSys founder Joe Lubin says he’s ‘bullish’ over Ether’s (ETH) relative stability through compounding macro events. Cointelegraph Magazine editor Andrew Fenton spoke to Lubin at the Web3 event Building Blocks 23 in Tel Aviv, Israel,…
” Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income “ Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digital currency (CBDC) project has been accelerating due to global financial sanctions amid geopolitical tensions. As reported by local…