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Chainalysis axes another 15% of staff, citing difficult market conditions

• by admin
• October 3, 2023

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. News Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues. On Oct. 3, Chainalysis confirmed to Cointelegraph that it had made the difficult decision […]

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Singapore awards major payment institution license to Sygnum Bank subsidiary

• by admin
• October 3, 2023

Sygnum Singapore plans to expand its regulated offering to Asia-Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph. News Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore. On Oct. 3, Sygnum Singapore announced it acquired a Major […]

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Google and Goldman Sachs-backed AI firm AlphaSense raises $150M at $2.5B valuation

• by admin
• October 1, 2023

AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50. News AlphaSense, a business-to-business artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by Bond and joined by Google parent company Alphabet’s […]

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Bitcoin ETFs: A $600B tipping point for crypto

• by admin
• October 1, 2023

A new report indicated Bitcoin ETFs could release $600 billion in new demand — double Bitcoin’s current market cap. Here’s some math behind the estimates Opinion A United States appellate court directed the Securities and Exchange Commission in August to reassess its denial of Grayscale’s application for a Bitcoin exchange-traded fund (ETF). A little-noted consequence of that […]

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Digital identity in crypto: A conversation with XGo ID and ENS

• by admin
• October 1, 2023

More convenient identity layer solutions and bringing more crypto non-natives into the industry — here are the key takeaways from the X Space with XGo and ENS. Cointelegraph’s latest X Space gathered Web3 experts to discuss the challenges of building innovative blockchain projects, the convergence of Web2 and Web3, and ways to lower the barriers […]

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How Ibiza’s most prominent nightclubs are jumping on the crypto trend

• by admin
• October 1, 2023

Ibiza’s vibrant nightlife is preparing for a new era of clubbing driven by the transformative power of blockchain technology. While it may seem counterintuitive initially, the crypto market has much to offer to nightclubs and festivals. The symbiosis between these two ecosystems is already unfolding in Ibiza — a Spanish island known for its nightlife […]

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Hong Kong police recover $11M worth of assets in JPEX case: Report

• by admin
• September 28, 2023

The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million. News The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local […]

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Venezuela extends reorganization shutdown of crypto agency to March 2024

• by admin
• September 27, 2023

The government will spend six additional months reorganizing the entity, which it shut in March 2023. News Venezuela was one of the first Latin American countries to establish its own crypto oversight body, launching the Superintendencia Nacional de Criptoactivos (Sunacrip) in 2018. However, the government now says it will take six extra months to “reorganize” […]

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How one high-profile crypto exchange is planning to expand globally

• by admin
• September 27, 2023

With a global expansion in its sights, a crypto exchange is boasting compelling features for newcomers and professionals alike. When it comes to crypto, newcomers and seasoned traders alike have a checklist. One thing that unites novices and pros is low fees. Unreasonably high transaction costs can substantially dent profitability, especially when smaller trades are […]

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Balancer blames ‘social engineering attack’ on DNS provider for website hijack

• by admin
• September 25, 2023

Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer, Angel Drainer, was involved in the estimated $238,000 exploit. Follow up The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s front end being compromised on Sept. 19, […]