Yuga Labs co-founder and CEO Greg Solano (aka Garga) announced in a post on X on Friday that the company would be launching a series of new products developed by a small team within the company. Solano, who goes by The Workshop name, explained that he built an internal team after taking over the CEO role from former Activision Blizzard executive Daniel Alegre in February. Yuga Labs cut several roles in April as part of a corporate restructuring centered around this change.“The creativity-first spirit that has driven this company since its founding is being clouded by a labyrinthine corporate process.…
Author: Crypto Flexs
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The Ethereum Foundation Ecosystem Support Program (EFESP) has allocated a total of approximately $8.5 million to support 98 projects, according to the Founding Grant Allocation Report published on August 30.The report breaks down projects by type, recipient, and contact, but does not provide a detailed breakdown of how much money each project received.Most of the projects that received support from EFESP fall under the “Community and Education” category, with 41 of them receiving support from the Ethereum Foundation (EF), including events such as the ETH Convention and smaller meetups around the world.Additionally, EFESP supported 28 projects dedicated to “cryptography and…
Jessie A Ellis Aug 30, 2024 22:34 The Hong Kong Monetary Authority warns the public about a fraudulent website linked to DBS Bank (Hong Kong) Limited and provides safety guidelines. According to an official press release from the HKMA, the Hong Kong Monetary Authority (HKMA) has issued a cautionary statement to alert the public to a fraudulent website impersonating DBS Bank (Hong Kong) Limited.Details of fraudulent activityThe HKMA reported that these fraudulent websites were brought to the attention of DBS Bank (Hong Kong) Limited. The websites in question are designed to trick users into…
Top 5 Stories of the Week Binance Under Investigation for Seizing Palestinian Crypto Funds Major global cryptocurrency exchange Binance has confiscated cryptocurrencies from Palestinians at Israel’s request, according to sources close to the industry. Ray Youssef, co-founder of peer-to-peer cryptocurrency platform Paxful and peer-to-peer cryptocurrency platform NoOnes, told X on August 26 that Binance had seized Palestinian funds at the request of the Israel Defense Forces (IDF). “Binance has seized all funds of all Palestinians at the request of the IDF. They refuse to return the funds. All appeals have been rejected,” Youssef wrote, citing multiple sources, including a letter…
Top 5 Stories of the Week Binance Under Investigation for Seizing Palestinian Crypto Funds Major global cryptocurrency exchange Binance has confiscated cryptocurrencies from Palestinians at Israel’s request, according to sources close to the industry. Ray Youssef, co-founder of peer-to-peer cryptocurrency platform Paxful and peer-to-peer cryptocurrency platform NoOnes, told X on August 26 that Binance had seized Palestinian funds at the request of the Israel Defense Forces (IDF). “Binance has seized all funds of all Palestinians at the request of the IDF. They refuse to return the funds. All appeals have been rejected,” Youssef wrote, citing multiple sources, including a letter…
James Ding 30 Aug 2024 22:54 According to BinanceResearch, blockchain technology is expected to revolutionize the payments industry by providing faster, cheaper, and more efficient solutions for cross-border transactions. According to BinanceResearch, blockchain technology is expected to revolutionize the payments industry by providing faster, cheaper, and more efficient solutions for cross-border transactions. Old infrastructure The current payments industry, despite its size and rapid growth, relies heavily on an outdated infrastructure that has been around for over 50 years. Modern fintech companies and card networks such as Stripe, Mastercard, and Visa have greatly improved the…
Ted Hisokawa 30 Aug 2024 23:15 The SEC’s Wells notice raises questions about whether NFTs should be classified as securities, which could potentially impact the future of digital art and collectibles. The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to leading NFT marketplace OpenSea, foreshadowing potential litigation based on its classification of certain NFTs as securities. According to blog.bitfinex.com, this regulatory action represents a new phase of SEC oversight of the NFT market and raises concerns about the future of digital art and collectibles. By targeting OpenSea, the SEC could…
My name is Godspower Owie and I was born and raised in Edo State, Nigeria. I grew up with three siblings who were always my idols and mentors, they helped me grow and understand the way of life. My parents are literally the backbone of my story. They have always supported me through good and bad times, and have never left my side when I felt lost in this world. Honestly, having such amazing parents makes me feel safe and secure, and I wouldn’t trade them for anything in this world. I was exposed to the world of cryptocurrencies 3…
Despite eight consecutive days of net inflows, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of around $94 million in August, marking a decline. According to SoSoValue data, the amounts are within the range of a good day or a bad day. Spot Bitcoin ETFs net bought more than $250 million on August 23, the fund’s best day of the month, while the fund lost $237 million on August 2, its worst day. As the price of Bitcoin fell from its highs earlier this month, the total net assets held by all commercially available Bitcoin funds fell by…
A widely known economist believes that the outcome of this November’s US presidential election could have a significant impact on the cryptocurrency market. Economist Alex Kruger says altcoins are likely to perform better if former U.S. President and Republican nominee Donald Trump wins, in a new interview on the Unchained Podcast YouTube channel. However, he said Bitcoin (BTC) would likely outperform the market if Democratic nominee and current Vice President Kamala Harris wins. “If the Democrats win, you want to bet on Bitcoin. And if the Republicans win, you should bet on Solana ETFs and altcoins in general. Maybe this…