Tag Archives: AA News

Messari – a leading provider of blockchain research and data analysis based in South Korea – added its name to the long list of crypto-focused companies that axed their workforce due to the harsh macroeconomic environment. It laid off 15% of its staff, believing this was the right step for the long run. Ryan Selkis – Founder and CEO of Messari – announced the news on Twitter, asserting that the company will help departing employees with their transition to other...

Major Australian gaming firm Immutable slashed 11% of the company’s headcount, stating that the job cut happened in order to ensure cash reserves last for a long time. This is the second time Immutable is reducing its workers after the firm axed the number of its employees in July 2022. Immutable Incurred Losses Worth $56 Million According to the Sydney Morning Herald on Wednesday (Feb. 22, 2023), Immutable co-founder and CEO James Ferguson announced the layoffs in a note...

The cryptocurrency industry has long been a target of phishing attacks, and it seems that hackers are finding new and more clever ways to scam their victims. This time, it was the website of an anticipated event that was entirely faked in an attempt to trick victims out of their crypto. ETH Denver is advertised as the largest and longest-running ETH event in the world. This year, it will take place between February 24th and March 5th. Conferences are typically a place of...

Dapper Labs will be forced to face a lawsuit from the Securities and Exchange Commission (SEC) alleging that the NFT Top Shot NFT Moments on its platform are unregistered securities, following a judge’s refusal to dismiss the case on Wednesday. United States District Court Judge Victor Marrero ruled that such NFTs may plausibly qualify as securities under the Howey Test.  Are NFTs Securities? Per Marreno’s ruling, part of what makes the SEC’s allegations “facially plausible”...

Tencent Cloud announced strategic collaborations with prominent companies in the crypto industry namely – Ankr, Avalanche, Scroll, and Sui – to support the development of the Web3 ecosystem. According to the official statement by the subsidiary of the Chinese tech giant, the latest move aims to establish close relationships with industry partners to assist developers to accelerate the adoption of Web3. Tencent Fortifying Presence in Web3 Tencent Cloud International’s Senior...

Calls for more transparency in the process of crypto regulation in the U.S. are mounting. The latest to join the trend is the Blockchain Association, with the spate of enforcement action continuing as the Securities and Exchange Commission ramps up its war on crypto. On Feb. 22, Blockchain Association CEO Kristin Smith told Bloomberg that the crackdown has been a “behind closed doors” operation targeting specific companies for certain circumstances. “What we really need is a...

Mike Pence – former Vice President of the United States – believes his country is en route to a debt crisis within the next 25 to 30 years due to the government’s irresponsible fiscal policy. Within 3 decades, he claimed that the nation’s debt could balloon to $150 trillion. Insurmountable Debt In an interview on CNBC’s Squawk Box on Wednesday, Pence commented on the United States’ record high inflation, pinning its cause largely on “unnecessary” covid relief spending from...

Arbitrum has already been leading the pack in the layer 2 roll-up. However, the daily transactions on the protocol hit 1.14 million on February 21st, surpassing Ethereum mainnet, which recorded 1.05 million. According to the on-chain data on Dune Analytics, this is a new record high for the scaling solution. Since the beginning of the year, daily transactions on the blockchain have been on an uptrend surging by over 273% in less than two months. In comparison, the same metric...

Crypto exchange Coinbase reported net revenue of $605 million in Q4 2022, according to its latest earnings report published after the bell on Tuesday. Since its release, COIN shares briefly jumped 3% to $64 before falling back to $62 in after-hours trading.  Coinbase Survives the Bear The exchange’s latest numbers present a 5% boost compared to the previous quarter’s $576 million figure, and a touch above analysts’ estimates of $588 million.  According to the company’s...

Despite the market turbulence brought about by collapses and scams, Coinshares’ Chief Executive Officer Jean-Marie Mognetti asserted that the group’s “financial health remained solid.” Its earnings did take a severe beating, though. CoinShares released the fourth-quarter report for 2022 in which it recorded £14.5 million in combined revenue, gains, and other income. This was a massive drop of 65% from the fourth quarter of 2021 when the European asset manager fetched a...