The Fall of Crypto A decentralized exchange platform dYdX has recently announced that it will be migrating from Ethereum and will launch its blockchain named Cosmos SDK. The team has announced that an upgrade known as V4 will soon be…
Key Takeaways The draft law introduces the concept of taxing virtual asset income and crypto holdings. According to the new law, any income from crypto transactions or mining will be considered corporate income when received as a result of business…
Key Takeaways With this lay off, Bitpanda will be reducing its headcount from nearly 1,000 employees to 730. The company stated that the layoff move was triggered by a need to be “robustly well-capitalized to navigate the storm and get…
Key Takeaways Reportedly Celsius has hired an unknown number of restructuring consultants from the advisory firm Alvarez & Marsal to advise on a potential bankruptcy filing. Earlier this month, the firm had also hired lawyers in an attempt to restructure…
Key Takeaways Goldman Sachs has teamed up to support the struggling crypto lending company Celsius. If Celsius files for bankruptcy, Goldman plans to raise $2 billion to purchase its troubled assets. Investors may include distressed investors, traditional asset managers, or…
Key Takeaways An official national news outlet in China cautions readers against buying and using cryptocurrencies by stating that Bitcoin’s value may decrease to zero. According to the newspaper, a highly leveraged market “full of manipulation and pseudo-technology concepts” was…
Key Takeaways: Crypto-critics falsely assert that a blockchain is a less-effective database, that it has no practical applications, and that it is a Ponzi scheme. But when the best colleges and universities offer classes on blockchain and cryptocurrency, it makes…
Key Takeaways: dYdX to launch its own block chain, Cosmos SDK. It will be ready for launch by the end of the year. With major dumps happening in the crypto market today, consumers are worried about another dump being on…
Key Takeaways Hoskinson wants the crypto industry to have a “self-certification system” that could automatically monitor compliance until an anomaly is encountered. He wants the legislators to allow the crypto sector to create self-regulatory organizations like the private banking industry.…
Key Takeaways The Partnership is aimed at spurring growth in the Asian NFT ecosystem. An end-to-end metaverse support package will also be provided by Klaytn Foundation. Metaverse blockchain ecosystem, Klaytn Foundation, has joined hands with OpenSea- the leading marketplace for…
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