Ad The Sydney Morning Herald reported that Australia’s crypto gaming firm, Immutable, will lay off 11% of its staff on Feb. 22. Immutable’s CEO, James Ferguson, reportedly blamed the decision on the company’s need to maximize its reserves and prioritize essential projects. Impacted workers would be offered an average of 10 weeks’ redundancy pay, the…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 4…
Ad Non-fungible token (NFT) marketplace Blur said it would distribute additional 300 million tokens to loyal users during the second season of its airdrop. Blur previously airdropped 300 million tokens to its early users on Feb. 14. How to qualify for Blur’s “Season 2” airdrop The marketplace said the “Season 2” of its airdrop would…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 4…
Ad Paxos published a letter from its CEO, Charles Cascarilla, on Feb. 21 in which the executive discussed the company’s ill-fated BUSD stablecoin. On Feb. 13, action from New York regulators led Paxos to stop issuing its Binance USD (BUSD) stablecoin. Though Paxos did so, the U.S. Securities and Exchange Commission separately issued a Wells…
Ad With institutional and retail investors both turning their attention to AI last month, AI-related crypto tokens such as Fetch (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) saw significant gains throughout January. However, concurrent to those gains has been an uptick in scams, with @PeckShieldAlert announcing this week the discovery of several dozen scam tokens…
Ad British national Christopher Douglas Emms — wanted by the FBI for allegedly helping the North Korean government evade U.S. sanctions via crypto — was arrested in Moscow by the Russian bureau of Interpol on Feb. 21, according to local media reports. Emms has been on the FBI’s international wanted list for a number of…
Ad Coinbase published its end-of-year shareholder letter today, Feb. 21, in which it described its financial standing for the previous quarter and for the entirety of 2022. Coinbase publishes revenue, shareholder data Coinbase said that it saw its total trading volume for 2022 decline by 50% year-over-year. It also saw its transaction revenue for 2022…
Ad The biggest news in the cryptoverse for Feb. 21 saw Polygon announce a mass layoff. Meanwhile, the wireless hotspot project Helium set a date for its migration to Solana. Plus, news on Web3 gaming, a British NFT charity project, and Friendsies NFTs . CryptoSlate Top Stories Polygon sacks 20% of staff, says it remains…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 3…