Tag Archives: News

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the...

According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market. The cryptocurrency job market continues to face issues with layoffs amid the challenges and uncertainty of the crypto bear market. One of the recent ones is the recent sack of 12% of the Ava Labs workforce. Ava Labs is the team behind the popular Avalanche blockchain. The 12% cut in the crypto giant’s staff represents at least 40 employees. According...

CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users. Pavel Durov, the CEO of cross-platform instant messaging service has announced a giveaway of 10,000 Premium subscriptions to celebrate a new feature in the app. The Telegram app officially introduced a few new features, including the “Giveaways in Channels”, which allows channel owners to host giveaways for loyal followers. Durov wrote that every channel...

Kraken neither confirmed nor dispelled the rumor. Reports suggesting that US-based crypto exchange Kraken is seeking partnerships to enable it to develop its own Layer 2 network solution have emerged. Per the report, the exchange is considering a partnership with Polygon, which is noted for its Ethereum scaling solutions, to build its Layer 2 network. Matter Labs and Nil Foundation are also being appraised for the role. According to unnamed sources. Kraken will partner with one of the...

Users can access the information stored in the NFC chip by scanning it with the free Arteïa Authentication application, which grants partners access to a private VIP Room webpage. Millon, a prominent French auction house, is set to leverage Tezos blockchain-based digital traceability technology developed by Arteïa to ensure the authenticity of artworks. This innovative solution, known as Arteïa Connect, will make its debut at the Masters Decorative Arts of the 20th Century event scheduled...

Floki’s team of developers have their eyes set on capturing a significant percentage of the global asset tokenization market. Popular meme coin FLOKI was first introduced in 2021 after being originally inspired by Elon Musk’s pet Shiba Inu. Since then, it has gone on to establish itself as a major decentralized finance (DeFi) project. For context, the coin is currently seeing tremendous activity with over $55 million worth of FLOKI held up on the blockchain’s staking platform within a week...

It is worth mentioning that this is not the first time the SEC and Chair Gensler have faced scrutiny from US politicians. In a surprising turn of events, United States Representative Tim Burchett has proposed an amendment that seeks to drastically reduce the salary of the Securities and Exchange Commission (SEC) Chair, Gary Gensler, to a mere $1 per year. This bold move is part of a broader effort to defund the SEC, as outlined in the Financial Services and General Government (FSGG) bill....

With the number of people involved in crypto in South Korea, SK Telecom aims to expand the accessibility of its wallet to attract more users and improve adoption in the country.  SK Telecom, one of South Korea’s leading telecommunications giants, has announced its partnership with Aptos Network, a layer 1 blockchain protocol, and Atomrigs Lab to launch its crypto wallet dubbed T Wallet. On November 7, the company revealed on LinkedIn that it aims to broaden its “affiliations with...

WeWork has filed to begin bankruptcy proceedings to protect itself as it reorganizes debt in US and Canada only. Co-working space provider WeWork Inc (NYSE: WE) has filed for Chapter 11 bankruptcy in New Jersey federal court. The bankruptcy filing is expected to protect the company from action against landlords and creditors as the company tries to manage its heavy debt. WeWork is now worth less than $50 million, from a $47 billion valuation back in 2019. WeWork Bankruptcy In a...

The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that they would be applying a Seed Tag to ORDI. Ordinals is a new inscription protocol on the Bitcoin network. The total supply of Bitcoins...