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Coinbase Q4 Revenue Beats Expectations, but Transaction Volume Falls 12% From Q3
21.2.2023
The crypto exchange reported its fourth-quarter earnings on Tuesday after the close
US State Regulator Launches Crypto Scam Tracker
21.2.2023
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
20.2.2023
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance...
Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges
20.2.2023
Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto...
Coinbase Investors Prepare for Another Likely Disappointing Quarter
17.2.2023
The crypto exchange is expected to report a slight drop in quarterly revenue from the third quarter, and a 61% drop in revenue in 2022 from the previous year
Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya
14.2.2023
According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm...
Exness reports 86% YoY growth in trading volume for January 2023
14.2.2023
Exness, a commercial brokerage hits a trading volume of 2822 billion USD in the first month of the year 2023 which is an 86% hike compared to data from the previous year’s same month. In fact, the numbers came out exceptionally astonishing for existing traders and also gave high hopes...
Meta Reportedly Preparing for a New Round of Layoffs
14.2.2023
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output...
Microsoft Reportedly Shutting Down Industrial Metaverse Focused Group
13.2.2023
Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole Industrial Metaverse Core group, which was composed of 100 employees, as part of...
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
10.2.2023
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges...
Stablecoin Issuer Tether Reports $700M Profit for Q4 2022
9.2.2023
Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued
Riot reports 17K miners offline due to Texas weather
6.2.2023
The mining firm reported two of the buildings at its Whinstone facility in Rockdale were damaged in December as Texas experienced days of sub-zero temperatures
Reports of SperaxUSD exploitation emerge
6.2.2023
A user has taken to Twitter to break the news that there was an attack on Arbitrum USDs wherein a bug in auto-changing users led to the hack. According to one of the tweets in the series, the code half changed the account to a new style, using that change to calculate the other half …
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
3.2.2023
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will...
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
3.2.2023
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
The net loss for MicroStrategy for the fourth quarter ended up at $249.7m, with the number dragged down...
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims
2.2.2023
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons...
NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal
1.2.2023
Sorare, a Paris-based NFT (non-fungible token) fantasy game startup, has closed a deal with the Premier League, the first soccer division in the U.K., to make teams and players of the league part of its roster. According to reports, the multi-year agreement involves payments of tens of millions...
Recruiting Agencies in Japan Are Turning to the Metaverse
30.1.2023
The metaverse is making inroads in job recruiting fronts in Japan. According to local reports, a mega metaverse job fair was organized on Jan. 27, with more than 2,000 students taking part in the experience. The students used avatars to communicate and review the job previews available in different...
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%
27.1.2023
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power...