From boosting the hospitality industry to creating new experiences for music fans, brands are finding new ways to use NFTs for real-world perks. Source
NFTs IRL: How Digital Collectibles Are Forging Offline Experiences
Day: November 30, 2022
Crypto Exchange Kraken Settles With U.S. Treasury Over Violation of Iran Sanctions
The crypto exchange Kraken is settling with the U.S. Treasury Department over apparent violations of sanctions against Iran. The US-based crypto exchange Kraken is agreeing to pay a fine of $362,159 to settle the issue with the Treasury Department’s Office of Foreign Assets Control (OFAC), according to the federal agency. The company will also spend $100,000 to beef up its compliance controls with training and technical measures to improve sanctions screening. “Due to Kraken’s failure to timely implement appropriate geolocation tools, including an automated internet protocol (IP) address blocking system,…
Kraken cuts workforce by 30% in an effort to survive crypto winter
Cryptocurrency exchange Kraken announced on Nov. 30 that it has made one of its “hardest decisions” and is cutting down its global workforce by approximately 1,100 people, comprising approximately 30% of its total workforce, amid current market conditions. According to CEO and co-founder Jesse Powell, Kraken had to triple its workforce due to the fast-growing crypto ecosystem, and the current pullback takes the size of the company’s team back to where it was 12 months ago. Powell shared in a tweet, “Macro was already tough and we held out but…
Meta CEO Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse
“The skepticism doesn’t bother me that much,” the CEO of Facebook’s parent company said at the New York Times Dealbook Summit on Wednesday. Source
Crypto Exchange Kraken Cuts Global Workforce by 30%
Kraken, one of the longest running cryptocurrency exchanges, has shed its global workforce by 30%, firing approximately 1,100 people “in order to adapt to current market conditions.” Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! The action, which the United States-based crypto exchange announced on Wednesday, comes at a time when some crypto firms based in the country are undergoing bankruptcy proceedings. These include Chicago-based FTX.US, the US subsidiary of beleaguered…
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable? Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers are attempting to achieve a monthly close above $17,000. This suggests that the selling that had picked up due to the FTX crisis may be reducing. Usually, smaller investors panic and dump their holdings in a bear…
The Ethereum Foundation Commences Shutdown of Ropsten Testnet
Ethereum runs testnets so that developers can run software before launching it on Ethereum’s main network (mainnet). Test networks essentially act as copies of the Ethereum mainnet, and they allow client teams, infrastructure providers and developers to test any changes to their applications before launching them in a more high-stakes environment. Source CommencesEthereumFoundationRopstenShutdownTestnet CryptoX Portal
FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times. Source
Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%
FTT, Serum’s SRM and Solana’s SOL tumbled following the FTX collapse in November. Bitcoin had its worst loss in five months. Original
Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps
WASHINGTON D.C. – In its eighth and final meeting of 2022, the Federal Reserve will likely raise interest rates by another 50 basis points, or 0.5 percentage point, Fed Chair Jerome Powell implied Wednesday. The previous four Fed rate hikes were for 75 basis points, or 0.75 percentage point. Original