Category: Latest news

[ad_1] Introduction The collapse of Terra (LUNA) in June 2022 was the spark that ignited a fire that kept devouring the crypto market. The chain reaction of prominent industry players bankrupting continued throughout the year and culminated with the collapse of FTX, one of the largest crypto exchanges in the industry. When FTX collapsed, it…

[ad_1] The NFT marketplace OpeaSea has launched a suite of new Drop features that give designers new tools to mint assets on the site.  These include multi-stage minting phases, allowlist support, and rich narrative components, among other tools.  The next phase of Drops was announced by OpenSea on Feb. 2. The rollout is expected to…

[ad_1] The U.S. Commodity Futures Trading Commission (CFTC) committed to regulating crypto tokens not classified as securities during a conference on Feb. 3. CFTC chairman Rostin Behnam explained the regulator’s stance during the ABA Business Law Section Derivatives & Futures Law Committee Winter Meeting. There, Benham said that there is more room for crypto regulation.…

[ad_1] W3E, the Web3 esports organizer that hosted the world’s first live Web3 esports tournament at Istanbul Blockchain Week 2022, recently announced a series of three tournaments, W3E Creator Championships, W3E Company Clash and W3E Premier League, to keep up the excitement around Web3 esports. The three tournaments will take place in the futuristic arena…

[ad_1] Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes. The company reportedly laid off 89 people, representing 21% or approximately one-fifth of its workforce. The company cited poor market conditions and “macroeconomic challenges…in relation to Filecoin dynamics” as the reason for…

[ad_1] Members of a jury have cleared Tesla CEO Elon Musk in a case that accused him of securities fraud, according to a report from CNBC on Feb. 3. Jury declares Musk not liable Shareholders initially sued Musk over several tweets dating back to August 2018. At that time, Musk said that he had secured…

[ad_1] Method Token unlocks are significant events that have the power to sway the market. CryptoSlate looked at price data for six different crypto projects, ranging from high-cap to mid-cap, to better understand how their token unlocks affected the market. Polygon (MATIC) On Oct. 26, 2019, the Polygon network unlocked 190 million MATIC. The tokens…

[ad_1] Kevin Rose, the founder of the NFT collection Moonbirds, had his personal wallet hacked on January 25, draining it of NFTs worth millions. The PROOF collective founder sent out a Tweet to his 1.6 million followers promising to look into the matter, which has since been connected to a malicious signature Rose granted to…

[ad_1] Silvergate Capital, the parent company to the crypto bank Silvergate, has announced it will be suspending Series A preferred stock dividends as it hopes to restructure following heavy loses and FUD surroundings its exposure to several now defunct crypto entities.  The company said Jan. 27 that it was doing so to maintain liquidity on…

[ad_1] Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated Jan. 27. The filing does not use the word “bonus” itself. Instead, it refers to an employee retention program and describes additional payments on top of base salaries. The program will…