China’s Suzhou city joins other regions in the country seeking to be metaverse hub
Suzhou has laid out plans to attract at least 200 companies in working with VR technology by 2025.
-
Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month
The non-fungible token (NFT) project by former U.S. President Donald Trump has helped its host network, Polygon, outsell Ethereum on the leading NFT marketplace OpenSea for the second straight month, according to transaction data.
-
U.S.-based cryptocurrency exchange Bittrex lays off 83 employees
Seattle-based cryptocurrency exchange Bittrex is laying off 83 employees, according to the U.S. Employment Security Department’s layoff alert.
-
Why the cloud will be critical to US competitiveness in world finance
The future global financial system will be reliant on the cloud, especially when it comes to CBDCs and stablecoins, writes Michael Greenwald and Logan Weber.
-
South Korea arrests head of Bithumb crypto exchange for alleged embezzlement
A South Korean court approved the prosecutor’s request to issue an arrest warrant for Kang Jong-hyun for alleged embezzlement.
-
Markets: Bitcoin breaks US$24,000 ceiling after Fed says ‘disinflationary process’ started in U.S. economy
Bitcoin rose above US$24,000 for the first time since mid-August in Thursday morning trading in Asia before sliding back slightly.
-
Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis
Hackers stole at least US$3.8 billion in cryptocurrencies throughout 2022, a record-breaking year for crypto heists, says blockchain forensics firm Chainalysis.
-
Bankrupt FTX held US$1.4B in cash at the end of 2022
Bankrupt cryptocurrency exchange FTX.com had around US$1.4 billion in cash reserves at the end of 2022, according to a financial update released Tuesday.
-
Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day
Djed, a Cardano-based algorithmic stablecoin, has collected over US$10 million in its reserves within the first 24 hours since it was launched on Wednesday.