On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his…
Amid the recent volatility in the crypto market affecting investments and stock prices, many firms made significant staff cuts in the last month while others continued hiring. In June, major crypto exchange Gemini was among the first to reportedly cut 10% of its employees amid the bear market, saying conditions were “likely to persist for some time.” Coinbase and Crypto.com…
In brief Ethereum NFT game Sorare announced French soccer star Kylian Mbappé as an investor and brand ambassador this week. Secondary sales of Sorare NFTs have skyrocketed nearly 800% over the past day. Sorare, an Ethereum NFT-based fantasy soccer game, signed its first player ambassador this week—and secondary sales of the game’s NFT player cards have been surging ever since.…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. FTX Buys The Dip In a massive announcement, it was reported that FTX is closing a deal to buy BlockFi for…
TL;DR: We’re providing developers with an open-source starter kit that can be used to kickstart dapp development for NFT minting sites. Happy building! By JM Cho, software engineer for Coinbase Wallet Last year, the NFT market experienced its best year yet — generating over $23 billion in trading volume with a floor market cap of $16.7 billion for the Top…
press release PRESS RELEASE. Broxus, the core development team behind many of the platforms that make up the Everscale network ecosystem, will be hosting its first-ever hackathon in Belgrade, Serbia from July 14-17. The hackathon is the latest development in what has been a remarkable 2022 for the Everscale network. Everscale started off the year with its inaugural EVERPOINT Conference…
Garry Kasparov, the Russian chess grandmaster and chair of the Human Rights Foundation, doesn’t appear at all bothered by the current crypto bear market. Kasparov, who is also a long-time Bitcoin supporter, told Cointelegraph during Consensus 2022 “so what” in regards to his thoughts on the bear market. Kasparov added that he thinks 99% of all coins are “crap,” yet…
Coinbase has denied a report that the U.S. Immigrations and Customs Enforcement is using its proprietary “historical geo tracking data” to track and identify people based on their crypto transaction history. The report, published on Thursday by The Intercept, referred to a copy of the August 3, 2021 contract between ICE and Coinbase. Although the contract was initially reported on…
El Salvador bought the dip and acquired 80 BTC at an average price of $19,000. Two days ago, MicroStrategy also bought the dip to the tune of 480 BTC. Nation-states and institutions continue to dollar-cost average whilst a contagion effect bores a rocky bear market. President Nayib Bukele of El Salvador announced late yesterday evening that the country bought the…
Tl;dr: As we continue to grow our presence in the UK and Europe, we have met with policymakers in the UK, established a regional Centre of Excellence in Ireland, strengthened operations in DACH with our first hire in Switzerland, and are expanding our footprint across additional European markets. By Nana Murugesan,VP Business Development and International ; Tom Duff Gordon, VP…
