Digital Currency Group under investigation by U.S. authorities: Report
[ad_1] Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice’s Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report. The authorities are digging into internal transfers between DCG and its subsidiary crypto...
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MATIC Up 6.5% In Last 7 Days
[ad_1] The year 2022 saw the value of Polygon’s native token MATIC drop by 64%. But the network started this year on a positive note, with the price shooting up 8% according to the charts. However, can MATIC maintain this momentum? On-Chain Developments To Play A Big Role For...
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SuperRare cuts 30% of staff as growth slows during crypto winter
[ad_1] Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crain shared a screenshot of his message to SuperRare’s Slack channel announcing the 30% cut, stating that...
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Crypto Downzing Continues as Huobi Plans to Prune Workforce by 20%
[ad_1] The downsizing wave that swept through the cryptocurrency industry in 2022 is still on track as Seychelles-based cryptocurrency exchange, Huobi, has disclosed its plans to prune down its workforce by 20%. Huobi told Reuters on Friday that it intends to maintain “a very lean team” to cope with...
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New York Charges Celsius Network Co-Founder Alex Mashinksy with Fraud
[ad_1] Letitia James, the Attorney General of the State of New York, has charged Alex Mashinsky, the Co-Founder of bankrupt crypto lender Celsius Network, with fraud. In a lawsuit filed before a supreme court in the County of New York on Thursday, James accused the former CEO of “defrauding...
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Binance Acquisition Moves See BNB Riding A Wave of Enthusiasm
[ad_1] Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company’s acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax. The deal was originally scheduled to be revealed last year, and...
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Why Bitcoin Miners Made $6 Billion Less in 2022?
[ad_1] Bitcoin (BTC), the oldest and largest cryptocurrency, closed last year with a loss of more than 60%. The mining industry also suffered from BTC’s sharp price declines, with revenues falling 37.5% in 2022 to $9.55 billion. According to Glassnode data, mining revenues stood at $15.3 billion in 2021....
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GameFi Gains Serious Traction in Southeast Asia | by Bit Media Buzz | Jan, 2023
[ad_1] The Web3 gaming boom, commonly known as ‘GameFi’ for its Play-and-Earn (P&E) capabilities that reward players with cryptocurrency and NFTs, has taken over the crypto industry. As of summer 2022, blockchain games accounted for over half of global blockchain usage. The blockchain gaming market now has a market...
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BONK Goes Bonkers With Over 200% Increase In Last 24 Hours
[ad_1] Solana’s ecosystem found itself in knee-deep trouble caused by fear, uncertainty and doubt surrounding its connections with disgraced crypto exchange FTX. Since after the collapse of the exchange, the ecosystem has been trying to distance itself from FTX former CEO Sam Bankman-Fried, with Messari even releasing a detailed...
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GameFi Company Digital Entertainment Asset Announces Buyback Program for its DEAPCoin Token $DEP | by Bit Media Buzz | Jan, 2023
[ad_1] The buyback program starts January 2023 and DEA will continuously buy back DEAPcoin tokens ($DEP) worth up to 40% of their sales, excluding those on their Playmining platform. SINGAPORE, January 5, 2023 — Singapore-based global Web3 entertainment company and operator of the PlayMining GameFi platform, Digital Entertainment Asset...
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