Sky Mavis Announces 21% Workforce Reduction.
The company says the move, which will affect 50 of its 250 employees, is part of a strategic realignment rather than financial distress.Sky Mavis, the developer behind the blockchain-based game…
Trump Media Files for ‘TruthFi’ Trademark to Offer Crypto Services
Truth Social has been TMTG’s focal point, but the application for the TruthFi trademark signals a diversification of its business operations. The organization that operates the social media platform Truth…
Crypto Liquidations Hit $500M After Bitcoin Drops to $96,000
Bitcoin price drop triggers $370M in long liquidations, $125.9M in shorts, with Bitcoin and Ether leading $121M in wiped positions. Bitcoin’s price recently fell to $96,000 after failing to break…
US Charges 5 for Multi-Million Crypto Hacking Operation.
The suspects, aged 20 to 25, face up to 20 years in prison for crypto theft and identity fraud following a two-year phishing spree.Federal prosecutors in the United States have…
Bitcoin ‘spoofing’ Moves BTC price to $97K amid record profit-taking.
After struggling to beat out sellers immediately below $100,000, BTC/USD saw order book “spoofing” return to exchanges over the weekend. This came in the form of walls of ask liquidity…
SEC Approves $4.6M Payment to Investors Affected by BitClave’s Crypto ICO
Nearly 9,500 investors were involved in BitClave’s ICO, raising $25M before legal troubles halted its ambitions. The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6…
Here’s When FTX Expects to Start Repaying Customers $16.5 Billion.
The repayments come after a court-approved plan received huge support from creditors, some who stand to recover up to 140% of their claims. FTX Trading Ltd and its affiliated debtors…
South Korean Crypto Platform Delio Declared Bankrupt Amid $1.75B Debt.
South Korean Crypto Platform Delio Declared Bankrupt Amid $1.75B Debt MARKET NEWSDelio stopped allowing withdrawals last year because they owed their clients 245B won ($1.75B). The first creditors’ meeting is…
Twitter’s heir apparent isn’t X or Threads — it’s Bluesky.
Bluesky feels like the big winner right now. The platform has always had promise, especially with features like feeds with custom algorithms and the ability to let users pick their…
BTC Crash Impending? Jim Cramer Calls Bitcoin a ‘Winner’
Cramer has had a somewhat controversial history with bitcoin and crypto.The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a…