by Lindi Miti | Jul 22, 2022 | News, Weekly Recap
Tesla Sells 75% Bitcoin Holding Elon Musk, the CEO of Tesla, announced that the company has sold off 75% of its bitcoin holding. The cash-strapped company added $963 million to its balance sheet after the sale. Musk added that the company is still holding on to its...
by Lindi Miti | Jul 21, 2022 | News, News & Events
Polygon Announces zkEVM Polygon, a layer 2 Ethereum scaling network, has launched its Zero-Knowledge Ethereum Virtual Machine (zkEVM). Zero-Knowledge proof technology processes more transactions faster while maintaining low fees. Polygon is the first blockchain to...
by Lindi Miti | Jul 20, 2022 | News, News & Events
Binance Flips Coinbase Binance, a Cayman Islands cryptocurrency exchange, has surpassed Coinbase for having the most bitcoins on its platform. Coinbase laid off 18%, approximately 1100 employees, during the cryptocurrency market crash. Binance, on the other hand,...
by Lindi Miti | Jul 19, 2022 | News, News & Events
Celsius Restructuring Plan Celsius, a cryptocurrency lending platform, has revealed its restructuring plans. Although filing for bankruptcy last week, the company remains operational. According to their new plan, Celsius will continue mining bitcoin. In addition, the...
by Lindi Miti | Jul 18, 2022 | News, News & Events
OpenSea Lays Off 20% Staff Opensea, the leading NFT marketplace, reported it is laying off 20% of its staff members. The company cited a combination of crypto winter and macroeconomic instability. Devin Finzer, the CEO of Opensea, tweeted that he has immense...
