Day: November 3, 2023

OpenSea Cuts Half Its Workforce Amid NFT Slowdown

OpenSea, the leading NFT marketplace, has confirmed a significant reduction in its workforce, with around 50% of its employees being laid off. This drastic move comes as the company aims to adapt to the rapidly changing landscape of the digital collectibles market. The decision to downsize was made public on Friday, with a company representative […]

ApeCoin Defies Token Unlock Pressure

ApeCoin (APE), the native cryptocurrency of the ApeCoin DAO, has demonstrated remarkable resilience in the face of an impending $22 million token unlock, maintaining a bullish trajectory that has seen its market capitalization surge back to $515 million. This resurgence comes despite the token hitting an all-time low on October 10, 2023, amidst concerns over […]

Abu Dhabi Unveils DLT Regulatory Framework

In a strategic move to position itself as a leading digital innovation hub, Abu Dhabi has announced the establishment of a comprehensive regulatory framework for Distributed Ledger Technology (DLT). This initiative, set forth by the Registration Authority (RA) of Abu Dhabi Global Market (ADGM), is designed to provide clear guidelines for the burgeoning crypto industry […]

CME Bitcoin Futures Soar Amid Market Uncertainty

As the Chicago Mercantile Exchange (CME) Bitcoin futures open interest hit a record $3.65 billion, the cryptocurrency market finds itself at a crossroads of bullish sentiment and looming uncertainty. This surge in open interest, a measure of the total number of outstanding derivative contracts, reflects a heightened institutional interest in Bitcoin, with the number of […]

Jewel Knights: A Gem in the RPG Blockchain Field

Jewel Knights, the latest strategic RPG from LIONA, is set to captivate players with its launch in July 2023. Under the seasoned leadership of Mr. Murakoshi, former CEO of Spike, the game is already generating buzz with its initial token and NFT sales completely sold out. The game’s intricate design and strategic depth promise an […]

PayPal Secures FCA Crypto Asset Business Status in UK

PayPal has marked a significant regulatory milestone by securing a spot on the Financial Conduct Authority’s (FCA) list of registered crypto asset businesses in the UK, joining the ranks of Bitstamp, Komainu, and Interactive Brokers for the year 2023. This registration allows the global payments behemoth to engage in specific digital asset activities within the […]

Adidas and Bugatti Launch Exclusive ‘Phygital’ Football Boots

Luxury automobile manufacturer Bugatti has joined forces with sportswear titan Adidas to release a limited-edition football boot, the ‘adidas X Crazyfast Bugatti’. This exclusive footwear, limited to just 99 pairs, is not only a marvel of design and engineering but also comes with a digital counterpart, reflecting the burgeoning trend of ‘phygitals’—physical items paired with […]

Cubist Unveils Secure ‘CubeSigner’ Wallet Service

Cubist, a blockchain venture born from the intellectual prowess of computer science professors at renowned institutions like Carnegie Mellon University and the University of California San Diego, has made a significant leap in blockchain security with the public release of CubeSigner. This innovative “wallet-as-a-service” product is engineered to address the perennial challenge of key security […]