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” Life after crypto biz: Retrenched staff ponder future in the job market “ Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability. Nonfungible token (NFT) marketplace OpenSea has established itself as an industry leader in its category. Still,…
” US senator blasts SEC for non-judicial actions against crypto companies “ Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies. Emmer posted a video on Tuesday showing his conversation at the House Committee on…
” Bitcoin price holds $23.5K, leading bulls to say ‘it’s different this time’ “ Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time. Evidence of this reality was on full display…
” Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea “ On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no…
” US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government “ The United States Department of Justice has seized and returned roughly $500,000 in fiat and crypto from a hacking group tied to the North Korean government, which included two crypto payments made by U.S. health care providers. In…
” 3AC allegedly liable for $2.8B in creditor claims “ According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be understated, as many…
” Singapore’s financial watchdog pushes back against Terra and 3AC associations “ Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation. In a speech on…
” Liquidity protocol uses stablecoins to ensure zero impermanent loss “ At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with…
” Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K “ “When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This…
” Total crypto market cap reclaims $1 trillion as Bitcoin, Ethereum and altcoins breakout “ Crypto traders found cause for celebration on July 18 as the total market capitalization climbed back above the $1 trillion mark following weeks of widespread selling after Bitcoin (BTC) price swept yearly lows below $18,000. The green day for cryptocurrencies…