Global payments giant Mastercard is ramping up its exposure blockchain tech yet again, after announcing a Polygon-based accelerator program to help musicians build their careers via Web3. The firm announced the “Mastercard Artist Accelerator” program via a Jan. 7 blog post, outlining that from this spring, it will connect five emerging musicians from across the …
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The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the company. The statement was made on Discord and copied to Twitter by Frank III, founder of the two projects. Here is a screenshot of our latest @y00tsNFT Discord announcement. …
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Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022. According to the report, hacks were found to be the main cause of the losses, accounting for 95.6% of the total, with fraud, …
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The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market, such as the collapse of FTX, could bring “further trust into the ecosystem,” according to Jez Mohideen, co-founder and CEO at Laser Digital, …
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Traders Are Relentless as Bitcoin Price Remains Stuck at $17,000– January 6, 2022 The BTC/USD exchange rate is consolidating above the $16,800 level as Bitcoin […] Go to Source
The biggest news in the cryptoverse for Jan. 6 saw Huobi announce mass layoffs. Meanwhile, former FTX CEO Sam Bankman-Fried has insisted on controlling his shares of Robinhood. Plus, developments around Mt. Gox, Gopax, and Poolin and research on Bitcoin’s implied volatility. CryptoSlate Top Stories Huobi confirms lay-offs amid rampant FUD over operational stability Tron …
Poolin’s recent declines can be linked to its announcement of having liquidity problems, last September. 1 min read Updated: January 6, 2023 at 8:26 pm Cover art/illustration via CryptoSlate China-based Bitcoin mining pool, Poolin, registers a record decline in hash rate share to 1% from its all-time high of 18% – a 94% decline, according …
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The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements. Bitcoin options have captured the crypto industry and have quickly turned into mature products whose movements have the power to sway the rest of the market. Just like in the …
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Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin. During COTI’s first update of 2023, Bar-Geffen took the opportunity to make clear that the soon-to-be-launched Djed stablecoin is to be referred to as an overcollateralized stablecoin, despite it operating on an algorithmic design. How does Djed work? …
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The crypto firm said it does not take personal custody of its users’ assets but relies on a crypto partner which is currently facing “uncertainty.” 1 min read Updated: January 6, 2023 at 6:18 pm Cover art/illustration via CryptoSlate Crypto firm Juno advised its customers to self-custody or sell their crypto assets due to uncertainty …
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According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scientists, and cryptographers do not believe the researchers have made a significant …
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank. Alan Lane, the CEO of Silvergate, denied allegations that …
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans …
sponsored Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022，Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year. 2022 is the most dramatic year for the crypto industry. It has …
Continue reading “MEXC 2022 Recap: Futures Business Grows by 1200% and Exceeds 10 Million Users”
Crypto analytics platform Santiment is sending out a warning on the heels of a moderate altcoin rally recorded over the past couple of days. Santiment says that a recent increase in the number of positive terms on social media platforms could herald a bearish reversal. According to Santiment, euphoria and fear of missing out (FOMO) …
