Altcoins
STEPN’ing it up with crypto move-to-earn
Enticed by promises of crypto rewards, Joel Stein hits the streets of Los Angeles with a beautiful NFT sneaker. What does he earn — and learn?
Joel Stein
Lens
Cryptocurrencies
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Altcoins
Celsius community adopts GameStop tactics to squeeze out short sellers
Crypto lender Celsius Network’s native token CEL saw an uptick of around 50% on Tuesday as community members attempted a short squeeze. See related article: CEL down over 50% since Celsius Network’s withdrawal freeze Fast facts In a short squeeze, bulls attempt to buy out the underlying asset to push up its price and make […]
Monika Ghosh
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Altcoins
Pumped by Elon Musk, Dogecoin gains amid slow market recovery
Dogecoin and Shiba Inu have been staging a strong comeback since Elon Musk came out on Sunday supporting the former. See related article: Has ‘Crypto Winter’ arrived with Bitcoin, Ether prices falling? Fast facts Dogecoin rose more than 15% in morning trade on Wednesday in Asia, according to CoinMarketCap data. The memecoin rose to a […]
Danny Park
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Altcoins
Cardano delays Vasil blockchain upgrade, citing bugs and ‘abundance of caution’
Input Output Global (IOG), the development company that runs the Cardano blockchain, on Monday said it will postpone the testnet of the network’s Vasil hard fork to the end of June, citing software bugs and a focus on quality and security. See related story: Cardano’s Alonzo Purple testnet begins onboarding users Fast facts The engineering […]
Dylan Butts
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Crypto Trading and Strategies
Valar Ventures-backed Vauld to lay off 30% of staff
The Singapore-based cryptocurrency exchange said the actions of a “few market participants” are creating a lot of uncertainty in the eyes of customers. See related article: ‘Buckle up’ for downsizing crypto market as employees laid off Fast facts The layoffs impact every team with marketing and talent acquisition departments being affected the most, as Vauld […]
Pradipta Mukherjee
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Regulation
Crypto is based on the greater fool theory: Philippines’ incoming central bank chief
Felipe M. Medalla, an economist slated to be the next governor of the Philippines central bank, is not interested in regulating crypto, which he believes is based on “the greater fool theory.” See related article: Philippines gets new government, will new crypto taxes follow? Fast facts “The only reason you’re using this [cryptocurrencies] is you […]
Monika Ghosh
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Crypto Trading and Strategies
Bybit to cut up to 30% of its workforce
Dubai-based crypto derivatives exchange Bybit is looking to cut up to 30% of its staff to reduce costs, journalist Colin Wu reported on Twitter, citing anonymous sources. See related article: Coinbase, biggest US crypto exchange, cuts workforce by 18% Fast facts “This was not an easy decision to make,” a Bybit spokesperson told Forkast in […]
Pradipta Mukherjee
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Regulation
Crypto self-custody is no longer a choice. It’s an imperative.
Celsius and Babel Finance's freezing of customer accounts highlights the risks of intermediaries, writes Nick Saponaro. Crypto users should take back control.
Nick Saponaro
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Bitcoin News
Babel Finance says liquidity pressure eased with new debt agreements
Hong Kong-based Babel Finance announced on Monday it has reached “preliminary agreements” on debt repayments to counterparties following a redemption and withdrawal freeze instituted last Friday. See related article: Contagion risk from Three Arrows Capital weighs on Bitcoin, crypto Fast facts A preliminary restructuring of the debt repayment period has “eased” the company’s short-term liquidity […]
Dylan Butts
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NFT Marketplaces
You can’t spell nonprofit without ‘NFT’
More than a passing fad, NFTs can empower philanthropic organizations in ways never thought possible before, writes Nick Lynch of Collidescope.io.
Nick Lynch
