Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday. Source
Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
Tag: Report
Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat. We will be doing things a little differently this week since our handsome and charming host, Joe Hall, will be somewhere over the Atlantic during the livestream and will not be able to join us. Not to worry, though, as our resident experts Marcel Pechman and Sam Bourgi are here, as always, to break down the latest news in the markets. Bitcoin bulls ignore recent…
Paxos is engaged in ‘constructive discussions’ with SEC: Report
Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator. According to a Feb. 21 Reuters report, Paxos chief executive officer Charles Cascarilla said the firm was “engaged in constructive discussions” with the SEC and would continue to speak in private. The report followed the stablecoin issuer facing a lawsuit from the SEC, in which the regulator alleged BUSD was an unregistered security. Cascarilla reportedly said that Paxos would consider defending its position…
Gamers made up nearly half of all blockchain activity in January: DappRadar Report
Play-to-earn blockchain gaming experienced a downturn over the last year as gamers prioritized improving the gameplay experience. However, according to a new report from DappRadar, in the first month of 2023, gamers made up nearly half (48%) of all blockchain activity. January also saw the market caps for top gaming tokens increase by 122% on average, with Gala (GALA), the digital utility token of the Gala Games ecosystem, surging by 218%. According to the report, the rise in interest in these gaming tokens comes as industry buzz hits mainstream audiences.…
Onecoin Cryptoqueen Killed in Greece in 2018, Report Claims – Bitcoin News
Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. According to an article, quoting а leaked report from a police informant, the “missing Cryptoqueen” was killed on a yacht in the Ionian Sea more than four years ago. Murder in the Mediterranean – Another Theory About Onecoin Mastermind’s Fate Circulated The woman who founded the notorious Ponzi scheme Onecoin has been dead since November, 2018, according to a Bulgarian website called Bureau for Investigative Reporting and Data (Bird.bg). The conclusion…
Chinese E-Commerce Giant JD.com Stock Slump amid Subsidy Report
Should JD.com be operating in a whole new niche, the prediction of its ability to bounce back might be somewhat difficult. The stiffening competition that may be tagged as a healthy twist for Chinese retail consumers can be said to be a major bane for e-commerce giant JD.com Inc (HKG: 9618). According to a report by Bloomberg, the shares of JD.com are moving negatively in tandem with a recent report that the company is planning a subsidy program to reposition itself against the stiff competition it is currently facing. The…
CoinShares remains afloat despite heavy FTX losses: Q4 report
While other hedge funds decided to close down operations after being hit by the FTX debacle, some managed to survive and stay afloat after navigating the challenges brought about by the collapse of the exchange. In its fourth-quarter report for 2022, institutional crypto fund manager CoinShares highlighted that the firm managed to remain “financially robust” despite dealing with the FTX collapse at the end of the year. The fund also presented its wins, such as its graduation to Nasdaq Stockholm’s main market and strong levels of inflow into CoinShares physical…
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance. In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors to “directly invest into virtual assets” that could possibly be in contrast to China’s widespread crypto ban. According to people familiar with the matter, Beijing officials have not been brazenly opposed to the idea. According…
Trading on major exchanges spiked following collapse of Terra, FTX: BIS report
A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a Feb. 20 bulletin on “crypto shocks and retail losses,” the BIS reports that while the price of Bitcoin (BTC), Ether (ETH) and other currencies dropped in 2022, the number of daily active users at some exchanges including Coinbase and Binance “increased markedly” following news of the collapse of Terra and FTX. The bank suggested that “users tried to weather…
Crypto transaction success rate hinges on user location: Report
The crypto community continually seeks ways to bridge the gap between traditional finance and fiat currencies with decentralized finance (DeFi) tools. Crypto on-ramp platforms are a primary way users can cross between these two financial ecosystems. However, a new report from Cointelegraph Research and Onramper, a crypto-based financial services provider, revealed that 50% of fiat-crypto transactions fail, even after Know Your Customer completion. Moreover, due to difficulties in the transaction process, transaction abandonment during the purchase flow can be as high as 90%. The survey looked at nine of the largest fiat-crypto…