Polygon Labs Cuts 19% of Staff, 60 Roles, for ‘Enhanced Performance’
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M
Crypto trading startup Velar raised $3.5 million to build a suite of DeFi tools for Bitcoin’s nascent DeFi scene
Web3 Gaming Company Saltwater Raises $5.5M Seed Funding
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive.
Celsius’ Bitcoin Mining Assets to Restart as New Firm Prepares to Go Public
The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).
Market Manipulation May Have Hit Majority of New Ethereum Tokens in 2023: Chainalysis
A new study by the on-chain sleuth found possible pump and dump patterns for 54% of tokens listed in 2023.
First Mover Americas: Bitcoin Regains $42K Following Wednesday’s Dip
The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg
The bank released a cryptocurrency custody platform in November.
Machine learning algorithm predicts Bitcoin price on February 29, 2024
Although Bitcoin (BTC) is struggling to retake the $43,000 price level, its crossing into the $40k region is important to … Continue reading
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Binance Sued by Families of Hamas Victims, Hostages
The plaintiffs, who are also suing Iran and Syria, say the crypto exchange facilitated the financing of Hamas and other terrorist groups between 2017 and 2023.
ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%
The optimum allocation is up from 0.5% in 2015 and 6.2% in 2022.