Coinbase is laying off nearly a fifth of its workforce amid a collapse in its stock and crypto prices. From a report: The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a headcount Read more…
Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap, and transfers between accounts in a move that has sparked discussions and prompted the price of the firm’s token to take a 60% tumble in the past one hour to as low Read more…
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world’s largest digital token tumbled as much as 17% to $22,603 — its lowest Read more…
“Even many Axie regulars say it’s not much fun, but that hasn’t stopped people from dedicating hours to researching strategies, haunting Axie-themed Discord channels and Reddit forums, and paying for specialized software that helps them build stronger teams…” Bloomberg pays a visit to the NFT-based game Axie Infinity with a Read more…
Jack Dorsey’s beef with Web3 has never been a secret. In his view, Web 3 — blockchain boosters’ dream of a censorship resistant, privacy-focused internet of the future — has become just as problematic as the Web2 which preceded it. Now, he’s out with an alternative. At CoinDesk’s Consensus Festival Read more…
Nigerian Exchange, plans to start a blockchain-enabled exchange platform next year to deepen trade and lure young investors to the market. The move follows the introduction of regulations to guide trade in digital assets by the Nigerian Securities and Exchange Commission, and the growing interest to adopt the distributed-ledger technology Read more…
Lead researcher Alyssa Blackburn of Baylor and Rice, along with team-mates Christoph Huber, Yossi Eliaz, Muhammad S. Shamim, David Weisz, Goutham Seshadri, Kevin Kim, Shengqi Hang, and Erez Lieberman Aiden, used a technique called “address linking” to study the Bitcoin transactions in the first two years of its existence: January Read more…