Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will onboard new staff just as they have done on the market’s better days. Bankman-Fried noted that in February the company slowed down hiring. ...

Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will onboard new staff just as they have done on the market’s better days. Bankman-Fried noted that in February the company slowed down hiring. ...

New York Governor Kathy Hochul has yet to publicly commit to signing a controversial bill that would ban proof-of-work (PoW) crypto mining, instead noting that her team will be looking “very closely” at the proposal over the next few months. If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in the state of New York. Under the new regulations, only PoW operations backed 100% by renewable energy ...

New York Governor Kathy Hochul has yet to publicly commit to signing a controversial bill that would ban proof-of-work (PoW) crypto mining, instead noting that her team will be looking “very closely” at the proposal over the next few months. If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in the state of New York. Under the new regulations, only PoW operations backed 100% by renewable energy ...

Road Town, British Virgin Islands, June 1, 2022 — Decentralized crypto asset management platform Pollen announced today that Pollen Virtual — the first and foundational module of its collective intelligence-driven trading suite — would launch on the mainnet via a community vote held between Friday, June 3 and Monday, June 6. The move will jumpstart Pollen’s ecosystem and the Pollen decentralized autonomous organization (DAO), establishing the project as truly community-powered from the onset....

Road Town, British Virgin Islands, June 1, 2022 — Decentralized crypto asset management platform Pollen announced today that Pollen Virtual — the first and foundational module of its collective intelligence-driven trading suite — would launch on the mainnet via a community vote held between Friday, June 3 and Monday, June 6. The move will jumpstart Pollen’s ecosystem and the Pollen decentralized autonomous organization (DAO), establishing the project as truly community-powered from the onset....

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power. The U.S. Federal Reserve FOMC meeting is expected to rule on the interest rat...

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power. The U.S. Federal Reserve FOMC meeting is expected to rule on the interest rat...

Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called Terra 2.0 (Phoenix-1). The amended proposal for the relaunch of the network by increasing the genesis liquidity, which introduces a new...

Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called Terra 2.0 (Phoenix-1). The amended proposal for the relaunch of the network by increasing the genesis liquidity, which introduces a new...

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. In 2021, nonfungible tokens became the biggest disrupter in art, with artists minting, exhibiting and auctioning them and investors buying, selling and trading them. But by May 2022, NFT sales had dropped 92% from ...

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. In 2021, nonfungible tokens became the biggest disrupter in art, with artists minting, exhibiting and auctioning them and investors buying, selling and trading them. But by May 2022, NFT sales had dropped 92% from ...

Munich-based MetaBrewSociety (MBS) will soon offer voting rights on the business decisions of a physical brewery via nonfungible tokens (NFTs) and a decentralized autonomous organization (DAO). The MBS was formed in February this year by a group of beer-loving NFT investors and entrepreneurs who came up with the idea of combining a brewery with the Metaverse, a DAO and NFTs to create a “tangible IRL utility that carries a concrete value” for participants. As part of the project, MBS will offe...

Munich-based MetaBrewSociety (MBS) will soon offer voting rights on the business decisions of a physical brewery via nonfungible tokens (NFTs) and a decentralized autonomous organization (DAO). The MBS was formed in February this year by a group of beer-loving NFT investors and entrepreneurs who came up with the idea of combining a brewery with the Metaverse, a DAO and NFTs to create a “tangible IRL utility that carries a concrete value” for participants. As part of the project, MBS will offe...

Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies, commodities, and co...

Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies, commodities, and co...

In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, various ministries of the Lithuanian government approved legal amendments to Anti-Money Laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be appr...

In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, various ministries of the Lithuanian government approved legal amendments to Anti-Money Laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be appr...

Supermoon Camp is hosting its third crypto pop-up event in Austin, Texas this June 9 to 13. This time, the Supermoon team is hosting its exclusive event, The Mansion On The Moon, which takes place on June 12. Continuing the Supermoon Camp, twenty prominent crypto enthusiasts will meet in the Supermoon mansion for five days while attending DCentral and Consensus events and afterparties with the goal of building strong relationships and innovative projects. Selected Supermoon Camp guests and me...

Supermoon Camp is hosting its third crypto pop-up event in Austin, Texas this June 9 to 13. This time, the Supermoon team is hosting its exclusive event, The Mansion On The Moon, which takes place on June 12. Continuing the Supermoon Camp, twenty prominent crypto enthusiasts will meet in the Supermoon mansion for five days while attending DCentral and Consensus events and afterparties with the goal of building strong relationships and innovative projects. Selected Supermoon Camp guests and me...

Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. Total altcoin index capitalization What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is exactly these kinds of conditions that create opportunities where professional money accumulates and adds to positions. Let’s take a lo...

Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. Total altcoin index capitalization What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is exactly these kinds of conditions that create opportunities where professional money accumulates and adds to positions. Let’s take a lo...

Singapore, June 1, 2022 — Leading global derivatives exchange Bitget announced today the appointment of Gracy Chen as managing director to lead Bitget’s growth strategies as the platform accelerates its global expansion plan. With a presence in more than 50 countries worldwide, Bitget has grown at an unprecedented pace. Earlier this year, Bitget announced its derivatives trading volume had reached an all-time high of $8.69 billion, representing a 300% growth compared to the previous year. Its...

Singapore, June 1, 2022 — Leading global derivatives exchange Bitget announced today the appointment of Gracy Chen as managing director to lead Bitget’s growth strategies as the platform accelerates its global expansion plan. With a presence in more than 50 countries worldwide, Bitget has grown at an unprecedented pace. Earlier this year, Bitget announced its derivatives trading volume had reached an all-time high of $8.69 billion, representing a 300% growth compared to the previous year. Its...