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...
by Lindi Miti | Jul 15, 2022 | News, News & Events
Celsius Files For Bankruptcy Celsius, a cryptocurrency lending platform, has filed for bankruptcy in the Southern District of New York. They decided to stabilize the business and maximize the value for all stakeholders. Celsius has $167 million cash in hand and will...
by Lindi Miti | Jul 14, 2022 | News, News & Events
SARB Sets Crypto Regulation The South African Reserve Bank (SARB), announced that it will roll out cryptocurrency regulation within the next 18 months. The government institution plans to categorize crypto as financial assets to bring them into the mainstream...
