Bittrex, Chainalysis lay off staff as BTC nears $24K 

Crypto exchange Bittrex and crypto analytics company Chainalysis announced layoffs in the first days of February, while Bitcoin (BTC) steadily continues on its increasing trajectory. Bittrex will permanently lay off 83 people on Feb. 4, according to U.S. Employment Security Department’s website. Chainalysis, on the other hand, is set to send 44 employees home, according…

Damus social platform hits 45K members on first day

Nostr-based social media application Damus‘ user count surpassed 45,000 on its first day and continues to grow. All new accounts are created as followers of the Damus app’s official page within the app. At the time of writing, the Damus page has a total of 45,454 followers. Damus app official page The app has been…

CryptoSlate Wrapped Daily: AllianceBlock hacked for $12M; Nostr launches Damus app

The biggest news in the cryptoverse for Feb. 1 saw DeFi platform AllianceBlock fall victim to a $12 million exploit. Meanwhile, the decentralized social media project Nostr has launched a mobile app called Damus. Plus, FTX has published a financial update that contradicts court filings, former FTX CEO Sam Bankman-Fried has been barred from using…

Bitcoin mining’s carbon footprint: How to make crypto more eco-friendly

Cryptocurrencies, such as Bitcoin (BTC), have been gaining popularity in recent years as a means of digital exchange. However, the environmental impact of Bitcoin mining and other cryptocurrencies has become a growing concern. In this story, the environmental impact of Bitcoin and other cryptocurrencies will be explored, including the energy consumption of mining and the…

Meta (formerly Facebook) sees stock value rise despite $13B in VR losses

Meta ⁠— formerly Facebook ⁠— reported positive news for general investors but bad news for those interested in its virtual reality (VR) division in its Feb. 1 earnings report. The company saw substantial revenue, bringing in $32.17 billion during Q4 2022 and $116.61 billion over the entire year. Despite year-over-year losses (4% for Q4 and…

Xborg launches $100K web3 esports league, Xtreme Championship Series

Xborg, the web3 gaming organization from Swissborg, announced on Feb. 1 that it is launching a web3 esports league entitled Xtreme Championship Series with a $100,000 USDC prize pool. The league will include web3 games Axie Infinity, The Harvest, Gods Unchained, Spider Tanks, and ev.io with no sign-up fee or other barriers to entry. Three…

AllianceBlock targeted by $12M exploit

AllianceBlock has been attacked in a multi-million dollar exploit, according to a Feb. 1 announcement by the DeFi project. That report indicates that an attacker gained access to 110 million ALBT tokens, which were worth about $12 million prior to the attack. The price of ALBT has dropped dramatically, as its value fell from $0.11…

SBF restricted from using Signal, communicating with FTX employees

Federal judge Lewis Kaplan has imposed communication restrictions on former FTX CEO Sam Bankman-Fried, as seen in a Feb. 1 court filing. The ruling imposes two restrictions. First, Bankman-Fried will be barred from using encrypted and self-deleting messaging apps, including Signal ⁠— a popular messaging app that he has used to contact associates in the…

Bitcoin seeing greatest divergence in young vs old supply

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Bitcoin reaches $23,200 as Fed raises interest rates by 25 basis points

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…