News
Why Coinbase is banning slide decks and ‘endless meetings’
Coinbase CEO Brian Armstrong is looking for enhanced efficiency from its internal teams, noting that rapidly growing firms often become complacent and slow. Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity...
Capitulation ongoing but markets not at the bottom yet: Glassnode
While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode. Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors...
Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’
Interest in Axie Infinity appears to be picking up again following the launch of its new NFT land staking feature and ongoing upgrades to the Origin battle game mode. Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume...
Investors lament potentially lost ‘millions’ on Voyager bankruptcy
One user, referred to as Robert for anonymity purposes, stated he put roughly six figures on Voyager, representing 70% of his life savings, and feels lost on what to do moving forward. Many Investors are reeling from Voyager Digital’s recent bankruptcy filing, with...
Deconstructing sidechains — The future of Web3 scalability
Web3 has had severe scalability concerns. But application sidechains have emerged as a viable answer to crypto’s most persistent problem. By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers...
Class action lawsuit claims Solana’s SOL is an unregistered security
Plaintiffs claim that Solana’s SOL token is a centralized security with insiders profiting immensely while retail traders got rekt. Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security.The class action was...
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments
TBC founder Elon Musk seemingly confirmed the news on Wednesday with a tweet responding to the news, saying: “Supporting Doge wherever possible.” Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las...
Fed conference hears stablecoins may boost USD as global reserve currency
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system. A note published by the United States Federal Reserve on a recently held conference found a...
Nifty News: NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more
The console's creators say it will be compatible with eight blockchains and have its own digital wallet, token, and marketplace, with a prototype coming in “a few months.” Polium, a company that markets itself as “building the products and infrastructure for Web3...
British Army’s social media accounts hacked by crypto scammers
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams. The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four...