SuperRare cuts 30% of staff as growth slows during crypto winter
Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis. Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained …
Mastercard partners with Polygon to launch Web3 musician accelerator program
The program will help five emerging artists set up and manage their brands in the Web3 space, and is also aimed at educating people in the music scene on what avenues Web3 tech can offer them. Global payments giant Mastercard …
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry. The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture …
$3.9 billion lost in the cryptocurrency market in 2022: Report
The report from Immunefi revealed hacks to have been the main cause of related losses. Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a …
NFT project accepted $3M to move its collection to Polygon
The team had previously announced the move, but had not revealed the cash deal. The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the …
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear. Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, …
FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets
The sides had been at odds over numerous issues and have agreed to keep working on the remaining open questions they face. The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the …
Silvergate gets more bad news as Moody’s slashes its ratings
The beleaguered bank was allegedly moving money between FTX and Alameda; then it sold debt at a discount and sacked employees after a bank run. Things seem to be going from grim to grimmer at Silvergate Bank, with a hit …
Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support. The United States December nonfarm payrolls report showed a growth of …
December DeFi exploits were the lowest in 2022: Finance Redefined
The DeFi market didn’t see much change in its first week of new year compared to the last week of 2022 as the price momentum remained in a similar zone. Welcome to Finance Redefined, your weekly dose of essential decentralized …