Matter Labs, the company behind Ethereum scaling network ZKsync, announced on Tuesday that it laid off over 16% of its staff, in the latest contraction to shake up the crypto industry. Alex Gluchowski, the company’s co-founder and CEO, announced the move publicly, calling it “the hardest change” he’s had to implement in Matter’s six-year history. “Our market environment and business…
Wrapped Bitcoin, a popular tokenized version of Bitcoin on the Ethereum blockchain, has recently come under fire from various quarters of the crypto community. Critics have raised concerns about BitGo’s partnership with BiT Global, a Hong Kong-based crypto custodian partially owned by Tron’s Justin Sun. However, BitGo’s CEO, Mike Belshe, has pushed back against this criticism, arguing that much of…
It aims to bring institutional-grade security to wrapped BTC. Source: https://cointelegraph.com/news/21-co-launches-bitcoin-wrapper-ethereum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync. Source: https://cointelegraph.com/news/matter-labs-ceo-announces-company-restructuring-layoffs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s price action might be dull lately—and dipping further so far today—but at least one metric is booming: the cryptocurrency’s hash rate. The biggest digital coin’s hash rate today hit 742 exahashes per second (EH/s), according to Ycharts data. That’s an all-time high mark. This simply means the network is stronger than ever as every second, mining machines around the…
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […] Source: https://news.bitcoin.com/crypto-hedge-fund-galois-capital-fined-225000-by-sec-for-custody-rule-violations/
WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a significant milestone in its mission to revolutionize the stablecoin market. The company has recently secured $30 million in seed funding, and appointed John Partridge, former President of Visa Inc., to its Board of Directors. The seed funding round was led […] Source: https://news.bitcoin.com/wspn-secures-30m-seed-funding-former-visa-president-joins-board/
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees. Source: https://cointelegraph.com/news/arbitrum-stylus-mainnet-launch-evm-developers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Token2049 Singapore will play host to a “world’s first” immersive theater experience from HashKey Capital, Aethir and CARV. Mystery thriller “Decode: Legacy” promises to explore the past decade and a half of crypto history through “iconic Web3 characters, solving puzzles and uncovering secrets,” in the setting of Singapore’s iconic Raffles Hotel. Crypto. Reimagined. ⏳Step into a world where the past,…
Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS organization, proposing barter settlements among countries in Latin America and the Caribbean region. Russian Foreign Minister Sergey Lavrov […] Source: https://news.bitcoin.com/russian-foreign-minister-states-barter-trade-is-under-consideration-for-bilateral-settlements-with-china/
