Category: Latest news

[ad_1] Ethereum (ETH) layer 2 protocol Polygon (MATIC) revealed it has laid off about 20% of its staff, according to a Feb. 21 statement. Polygon added that the job cut affected about 100 positions in the firm. The affected employees would receive three months of severance pay regardless of their positions. “Earlier this year, we…

[ad_1] Ad The cryptocurrency market cap saw net outflows of $20 billion over the weekend and currently stands at $1.11 trillion — down 1.68 % from $1.13 trillion. During the reporting period, Bitcoin and Ethereum’s market cap fell 1.10% and 2.50% to $474.74 billion and $204.77 billion, respectively. All top 10 crypto assets recorded losses…

[ad_1] Ad Metaverse and blockchain technology will take center stage in 2023, according to Globant’s latest Tech Trends report. Metaverse The tech giant believes the potential of the metaverse will be put to the test this year, and whether it sinks or swims remains to be seen. The report said that billions have been invested…

[ad_1] Genesis’ committee of unsecured creditors filed an objection to the bankrupt’s lender request to continue intercompany transactions, according to a Feb. 20 court filing. The creditors argued that Genesis’ request raises various concerns for the committee because previous intercompany transactions are being investigated. Genesis creditors said the bankrupt firm has yet to provide relevant…

[ad_1] Ad Intu — a decentralized account management protocol for web3 designed to make it more user-friendly — emerged from stealth mode and announced its beta launch during ETHDenver Buidl week on February 24th. Intu announced on Feb. 20 that it had secured $2 million in pre-seed funding from notable crypto industry players — including…

[ad_1] FTX Japan said it would resume withdrawals for fiat and crypto assets on Feb. 21, according to a Feb. 20 statement. The Japanese subsidiary of the bankrupt exchange said the withdrawals would be processed via the Liquid Japan web platform. FTX Japan said users must confirm their balances and transfer them to Liquid’s platform.…

[ad_1] Huobi’s exchange token experienced significant gains on Feb. 21. Huobi Token (HT) saw a 23.7% increase in value over 24 hours. At 1:20 a.m. UTC, the cryptocurrency was priced at $6.33, its highest value since mid-December. Those gains in value are likely due to Huobi’s plans to begin operating in Hong Kong. In a…

[ad_1] Conflux Network (CFX) recorded a 73.65% increase in the last 24 hours, according to CryptoSlate data. The  CFX token is being traded for around $0.303 at the time of writing. CFXUSD (Source: CryptoSlate) The current price level also marks a 483.49% increase in the last seven days and a 926.41% spike over the previous…

[ad_1] Ad Binance CEO Changpeng Zhao took to Twitter on Feb. 19 to suggest that differentiating between on-shore and off-shore businesses constitutes a false distinction. Zhao posted his comments in response to Kraken CEO Jesse Powell, writing: “[Powell] uses the word ‘offshore’ quite often…The term ‘offshore’ appears overly narrow-minded, self-centered, misses the broader picture and…

[ad_1] A GitHub user by the name of ynohtna92 has forked the Bitcoin Ordinals protocol to support Litecoin. In the context of cryptocurrencies, a fork occurs when a blockchain protocol is split into two different versions, each running on its own separate network with a shared transaction history. The split may occur due to differences…