In response to recent reports suggesting layoff plans at KuCoin, the cryptocurrency exchange has vehemently denied any such intentions. The speculation emerged after Wu Blockchain claimed that three internal employees had disclosed the exchange’s plan to lay off 30% of its workforce due to declining profits. However, KuCoin’s CEO, Johnny Lyu, maintains that any personnel
Solana, one of the major layer-1 blockchains, has faced a tumultuous two years in terms of price action. Since its previous all-time high (ATH) in November 2021, Solana has plummeted by a staggering 90%. While the cryptocurrency market experienced a broader resurgence in January, Solana’s recovery rally in 2023 has taken a turn for the
Americana, in partnership with the renowned OpenSea NFT marketplace, has introduced its concierge vaulting platform, allowing collectors to securely store, exhibit, and trade both physical and digital assets. This revolutionary offering, announced on July 21, opens up Americana’s vaulting services to the general public. Aspiring collectors can now submit applications to store up to three
The cryptocurrency market is known for its unpredictable and highly volatile nature. Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently made headlines once again, sending the crypto world into a frenzy. This time, it was not his tweets about Dogecoin or Bitcoin, but rather his rebranding of Twitter as ‘X.com’
The crypto market is buzzing with the recent launch of a new project called Wall Street Memes (WSM), a tokenization of the iconic GameStop events that took place in 2021. While other projects like COCKFIGHTS have raised concerns among experts, WSM has caught everyone’s attention for all the right reasons. WSM aims to embody the
Binance France recently released its audited financial records covering a period of 14 months, from November 2021 to December 2022. The records revealed that the exchange incurred a loss of €4 million during this period. This loss can be attributed to the fact that Binance France generated revenue for only six out of the 14
The world of cryptocurrency and blockchain technology is on the cusp of a significant revolution. According to Jesse Pollak, the lead of Coinbase protocols, the number of crypto and blockchain users will skyrocket to 8 billion in the next decade. This prediction may seem ambitious, considering the current global population and limited internet access in
Binance Labs, the venture capital arm of crypto exchange Binance, has recently made a strategic investment of $10 million in Radiant Capital. As a marketplace focused on providing liquidity and borrowing cross-chain assets, Radiant Capital aims to address the liquidity problem in the decentralized finance (DeFi) space. This partnership with Binance Labs will enable Radiant
Meme coin degens are currently presented with a unique opportunity to become early investors in Burn Kenny Coin, a brand new South Park-themed meme project. With the ongoing viral presale of its $KENNY token, Burn Kenny Coin is attracting small-cap gem hunters who see the potential for significant gains. The presale has already raised nearly
An ongoing debate has emerged in the cryptocurrency community regarding the introduction of the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE) in the Senate. This bill aims to establish strict regulations for individuals involved in decentralized finance (DeFi). While the bipartisan bill has gained support from Democratic senators Jack Reed and Mark Warner, as