Day: January 23, 2023

Big Eyes Coin Hits $16.5 Million in Presale as It Looks to Compete with NFT Platforms Like The Sandbox and BNB

Place/Date: – January 23rd, 2023 at 12:07 pm UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin Big Eyes Coin (BIG) has introduced itself to the crypto market in spectacular fashion. The platform has laid out its goals and ambitions for when it launches, with a roadmap to document the milestones it plans to achieve. We can see from its whitepaper that Big Eyes Coin wants to become the next mammoth meme token, overtaking canine-themed meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). One of…

Spotify Resorts to Fresh Layoff Scheme amid Tech Downturn

Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable. According to reports, music streaming giant Spotify (NYSE: SPOT) is planning a staff layoff this week. The latest Spotify layoff comes amid the sustained economic slowdown and follows last October’s headcount reduction. At a 2022 investors’ presentation, Spotify chief financial officer Paul Vogel admitted that times are hard. According to him: the Stockholm-based company is “clearly aware of the increasing uncertainty regarding the global economy.” Although the company cut 38 employees in October 2022, it…

Coinbase Exec Accuses Binance Of Crypto Price Manipulation

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The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter. Over the turn of the year, however, the criticism has become quieter and Binance has disappeared from the spotlight as DCG and Genesis became the crypto industry’s biggest headache. But Conor Grogan, Head of Product Business Operations at Coinbase, presented new serious…

Cardano Protocol Recovers after More than 50% of Nodes Went Offline

The Cardano outage is not a new occurrence for some of the majority of Layer-1 protocols. The Cardano (ADA) protocol recorded a temporary outage on at least 50% of its nodes over the weekend according to reports from a number of its Stake Pool Operators (SPO). According to an update shared on the official Telegram page of the Cardano SPO, a yet-to-be-identified anomaly was responsible for the outage. Despite the concerns that the outage caused, its impact was not so detrimental as almost all of the nodes recovered automatically. According…

Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

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As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC), sparking various discussions over the viability of BTC as a national currency.  On Jan. 22, the two South American countries announced they starting to prepare to create a common currency that would run parallel with the Argentine peso and Brazilian real. The move could potentially create the second-largest currency bloc. As the news broke, Armstrong took to Twitter to suggest that BTC would…

Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.

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The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law.  The United States Department of Justice launched a “major international cryptocurrency enforcement action” against China-based crypto firm Bitzlato and arrested its founder, Anatoly Legkodymov. The enforcers consider Bitzlato to be a “primary money laundering concern” connected to Russian illicit finance. While the exchange attracted little attention…

Binance Charity Has Plans to Offer Over 30,000 Web3 Scholarships in 2023

The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. Crypto exchange Binance is gearing up to bring greater educational opportunities in the rapidly emerging Web 3 space. As per the latest development, Binance Charity will be funding over 30,000 Web3 scholarships as part of the Binance Scholar Program. The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. In their blog post last week, Binance…