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Indian Crypto Layoffs Continue as CoinSwitch Fires 44 Employees Citing Redundancy in Roles
29.8.2023
CoinSwitch, an Indian crypto unicorn, has become the latest in the crypto layoff spree in India, announcing job cuts in its customer support and operations teams.
In a recent update from the company, a spokesperson told MoneyControl that CoinSwitch has laid off 44 employees as a part of company...
Kana Labs gets membership in Japanese Crypto Asset Blockchain Association
29.8.2023
Kana Labs takes a great amount of pleasure in coming out with its official declaration that it has attained membership in the Japanese Crypto Asset Blockchain Association (JCBA). It is the 30th company to do so. In the case of JCBA, it is a coalition that consists of multiple business houses that...
Carbonbase to launch Digital Carbon Registry with HBAR Foundation and ImpactX
29.8.2023
Carbonbase has announced its partnership with the HBAR Foundation and ImpactX for the purpose of launching a native Carbon registry in the Asian region. This is based on the idea that the Asia-Pacific was a major contributor to the emission of Carbon Dioxide, accounting for more than 50% of total...
DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery
29.8.2023
Digital Currency Group has reached a preliminary agreement with Genesis creditors to settle the claims by reimbursing 70-90% in USD equivalent to unsecured creditors.
As per a court filing, the in-principle deal reached with Genesis creditors offers up to 65%- 90% recovery on an in-kind basis...
Insights about the upcoming Africa Blockchain Summit 2023
29.8.2023
ACCRA, GHANA – Blockchain Foundation Africa, and Satoshi Center are proud to announce they are hosting the Africa Blockchain Summit at the prestigious University of Ghana from October 27 to 28, 2023. This landmark event is set to bring together various stakeholders in the Blockchain...
Argo Blockchain cuts 2022 debt by half, down to $75M
29.8.2023
Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023
FTX Founder Sam Bankman-Fried's Defense Again Seeks 'Temporary Release' for Trial Preparation
29.8.2023
On August 25, former FTX CEO Sam Bankman-Fried's attorneys filed a new motion seeking his "temporary release" or, alternatively, requesting that he be allowed to meet with his defense team five days a week based on his right to assist in preparing his defense.
On Friday, the defense team lodged...
SingularityNET X Vechain: Drives Blockchain growth & innovation
29.8.2023
SingularityNET is of the firm opinion that the power of AGI can be unleashed when it is linked with the decentralized blockchain technology. Therefore, the company has forged a meaningful collaboration with Vechain for the linking of Artificial Intelligence with blockchain technology. This is...
SEC Commissioners Dissent Against Agency's First NFT Enforcement Action
29.8.2023
In a display of dissent within the United States Securities and Exchange Commission (SEC), Commissioners Hester Peirce and Mark T. Uyeda have expressed their reservations regarding the agency's first NFT enforcement action against the media firm Impact Theory.
The move marks the SEC's first foray...
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
Republican Lawmakers Accuse Fed of Obstructing Advancements on Stablecoin Bill
29.8.2023
A group of Republican lawmakers have expressed their concerns regarding the Federal Reserve's recent measures aimed at strengthening its oversight of crypto and stablecoin activities within banks.
These lawmakers have complained that such actions are hindering the advancement of their proposed...
Is Friend.tech Really Dead? – Here's What We Know
29.8.2023
Friend.tech, the newest social app for web3 launched early this month, has already been pronounced ‘dead’ by industry speculators following a sharp decline in inflows, volume, etc.
Friend.tech is a blockchain-based platform that lets users buy and sell cryptos linked to their favorite influencers...
Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding
28.8.2023
Solana-based automation protocol Clockwork will be winding up its operations after its founder disclosed the company’s decision to step away from “active development of the protocol.”
Nick Garfield, the founder of the protocol announced on Aug 28 the plans of the company to shut its doors by...
Unveiling the Mystery: Recognizing the Profound Significance of Satoshi’s Anonymity
28.8.2023
From the genesis of Bitcoin’s inception to the contemporary landscape, the mystery surrounding the true identity of its architect, Satoshi Nakamoto, persists as an unrivaled enigma within the cryptocurrency realm. Despite the global reverberations stemming from bitcoin (BTC) and...
Charles Hoskinson Asserts Cardano Will Surpass All: Envisioning ADA as the Leading Global Cryptocurrency
28.8.2023
During the Rare Evo blockchain and cryptocurrency convention, Cardano’s founder Charles Hoskinson expressed his conviction that ADA will eventually become the “biggest cryptocurrency in the world.” Simultaneously, ADA’s value has plummeted 15.2% against the U.S. dollar...
Ben 'BitBoy' Crypto Fired From His Own Company In 'Coup' - What's Going On?
28.8.2023
Prominent cryptocurrency influencer Ben Armstrong, founder of BitBoy Crypto, has announced his departure due to an internal coup led by TJ Shedd and Justin Williams.
Despite expressing confidence in his position by stating, "Until they can clone me, I have nothing to worry about," Armstrong...
Asia's Richest Man Mukesh Ambani To Invest In Blockchain To Drive 'Digital Adoption In India'
28.8.2023
Indian multinational conglomerate Reliance’s financial services arm – Jio Financial Services (JFS) – is tapping blockchain tech and central bank digital currencies (CBDCs) for its offerings.
Reliance head and Asia’s top billionaire Mukesh Ambani said during the company's annual general meeting...
OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services
28.8.2023
OKX and Bybit are the latest digital asset exchanges to delist sanctioned Russian banks from their peer-to-peer (P2P) services.
Two Russian banks, Tinkoff Bank and Sberbank have both been removed from P2P services of some crypto exchanges due to Western sanctions following the invasion...
The Swift Decline of Friend.tech: Crypto's Latest Fad Loses Steam
28.8.2023
Friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens connected to their favorite influencers, has lost steam after its splashy debut.
The project became the highest-earning service provider in decentralized finance shortly after its release. However, its rise...
Crypto Industry Positioned for Growth After Market Turbulence, Says Circle CEO Jeremy Allaire
28.8.2023
Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front.
During a newly published interview with Fortune, Allaire drew parallels between...