Optimism’s TVL lagged behind Arbitrum despite upgrades to protocol. Synthetix adoption drove transaction growth on Optimism, but daily active address suggested a decline in overall activity. Despite Optimism [OP] having the first mover advantage in the Layer 2 solutions space, newer solutions such as Arbitrum have outperformed the former in terms of Total Value Locked […]
FTX-linked Moonstone bank to exit the crypto space
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space.
ConsenSys faces audit at shareholder request
Ethereum development firm ConsenSys will be audited at the request of its shareholders, according to a report from Finextra on Jan. 18. ConsenSys allegedly transferred business products and units between its Switzerland- and U.S.-based corporations in a transaction called “Project Northstar.” That transfer allowed ConsenSys’s U.S. division to raise $715 million from 2020 to 2022. […]
New Hampshire Commission Recommends Statewide Bitcoin Mining Energy Plan
A commission out of New Hampshire has found that the positive impacts of bitcoin mining on the electricity system are worthy of further consideration. New Hampshire (NH) Governor Chris Sununu’s “Commission On Cryptocurrencies And Digital Assets” has returned results that suggest the NH Department of Energy create a public review of how bitcoin mining operations […]
1inch Network unveils new hardware wallet
Popular decentralized exchange aggregator 1inch Network has now introduced its multi-coin hardware wallet, expanding the possibilities inside its ecosystem.
ConsenSys and Amber Group Join List of Companies Dismissing Employees
ConsenSys – a blockchain software technology company – and Amber Group – a cryptocurrency platform based in Singapore – are the latest entities in the digital asset sector to announce staff layoffs. The former will trim its team by approximately 11%, while the latter reportedly plans to reduce its Hong Kong division by 50%. Adjusting […]
Davos crypto community condemns FTX and SBF
The crypto community at Davos has sought to disassociate itself from FTX’s abrupt demise and its co-founder Sam Bankman-Fried.
JPMorgan CEO says Bitcoin is ‘a hyped-up fraud’
JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud.” Dimon says people have lost billions of dollars and believes regulators should have put a stop to crypto “a long time ago.” Not […]
JP Morgan CEO sees bitcoin as fraud
In an interview, Jamie Dimon, CEO of JP Morgan, recently blasted bitcoin (BTC) as a modern-day hoax while praising blockchain technology.
1inch launches multi-coin hardware wallet
Decentralized crypto exchange 1inch announced that it is launching a multi-coin hardware wallet. The project is in its final stages of development and is expected to launch later this year. The wallet is being developed by an independent and dedicated team within the company, with the funds acquired from the 1inch Foundation. The overview The […]