According to a company representative, Genesis Global Trading laid-off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30% of…
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Abu Dhabi Plans $1 billion for Blockchain and Web3 Startups
Abu Dhabi’s Venom Foundation and Iceberg Capital plan to invest $1 billion in Web3 and blockchain technology firms through a new partnership. The Venom Ventures Fund plans to invest in various decentralized applications (DApps) and protocols that focus on areas…
Nigeria’s Central Bank Reevaluates eNaira Amid Low Adoption Rates
In the next 24 months, the Central Bank of Nigeria will explore the possibilities of stablecoins, investigate the use of blockchain technology for a Central Bank Digital Currency (CBDC) and examine regulatory requirements for Initial Coin Offerings (ICOs). Exploring Stablecoins…
Algorand Powers Italy’s Revolutionary Digital Guarantees Platform
Algorand, considered one of the top Layer 1 crypto projects, has been selected to support an innovative digital guarantees platform in Italy that will be the first in the European Union (EU) to use blockchain for insurance and bank guarantees.…
McKinsey Forecasts $5 Trillion in Value for Metaverse by 2030
Despite the fact that the bear market of 2022 has reduced interest in sub-ecosystems such as NFTs within the emerging crypto space, the Metaverse is still poised to cause significant disruption in the long term. All Down to Experiences The…
Mt. Gox Creditors Get More Time to Register Repayment Preferences
Creditors of the now-defunct Mt. Gox cryptocurrency exchange will have additional time to decide how they would like to receive their repayments and to provide the necessary payee information. New March 10 Deadline Nobuaki Kobayashi, trustee of Mt. Gox, announced…
Genesis Forced to Cut Workforce as Market Struggles
According to a company representative, Genesis Global Trading laid off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30%…
Rumors of Layoffs at Huobi Denied, But Concerns Persist
According to reports on Twitter, the cryptocurrency exchange Huobi has laid off employees and ceased internal communication, prompting some members of the community to advise users to withdraw their funds. However, an exchange adviser has denied these rumors. On January…
New York AG Sues Alex Mashinsky for Allegedly Hiding Celsius’ Struggles
New York Attorney General Letitia James is pursuing legal proceedings against Celsius founder and CEO Alex Mashinsky, claiming that his alleged “false and misleading statements” resulted in billions of dollars in losses for investors. On January 5th, the New York…
Ethereum Co-Founder Expects Network to Reach New Heights in 2023
Ethereum co-founder Vitalik Buterin is optimistic about the upcoming year and expects to achieve a significant milestone as far as the Ethereum roadmap is concerned. Additionally, the Ethereum developer has confirmed that the Ethereum Improvement Protocol (EIP) 4884 will be…