The remaining workforce is also expected to take 20% pay cuts, the project’s founder said. Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions.  As part of its refactoring process, Octopus network will let go of roughly 40% of...Continue Reading

The attacker appears to be attempting to cash out funds using Binance and Changenow. The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink. The report stated that the attacker set up several fake Bitkeep websites which contained...Continue Reading

Not even major exchanges collapsing can deter crypto users from believing in the space year after year. ’Twas the weeks before Christmas on a island far away, None could have foreseen crypto’s golden boy going astray. When politicians and firms took FTX‘s money with glee, Did they truly know the depth of one man’s duplicity?...Continue Reading

A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo...Continue Reading

The two-year project produced a white paper in February. Research results will continue to appear, with the Fed’s partner at MIT scheduled to make a research report in January. Project Hamilton, the research project of the United States Federal Reserve Bank of Boston and Massachusetts Institute of Technology, announced its conclusion in the run-up to...Continue Reading

Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors. With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are...Continue Reading

The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins. The cryptocurrency markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the cryptocurrencies that could lead...Continue Reading

Fantom has previously pledged to cut its token burn rate by 75% to incentivize DApp development. According to a new Medium post published on Dec. 26, decentralized finance (DeFi) architect Andre Cronje reaffirmed goals and priorities for the Fantom (FTM) ecosystem in 2023. Cronje, who previously created protocols such as Yearn Finance and Keep3rV1, also...Continue Reading

Bitcoin hodlers may not have much longer to wait before BTC price action gets interesting again. Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further over BTC price bottom Data from Cointelegraph...Continue Reading

A look at some of the biggest disappointments in the crypto space form this year as the industry readies itself for better things to come. 2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The...Continue Reading