Monthly Archives: May 2023

U.S. Commodity Futures Trading Commission (CFTC) staff are warning companies to be wary of and actively counter risks from clearing digital asset transactions.The CFTC's Division of Clearing and Risk sent out the advisory on Tuesday, saying it would put a special focus on the emerging risks in crypto in response to an upswing in its…

Nansen, a blockchain data analytics platform, announced a 30% reduction in headcount on Tuesday as it looks to cut costs alongside a continuing slump in cryptocurrency markets.Founded in 2020, the company employed somewhere between 51 and 200 employees before the reductions, LinkedIn data shows. That manpower allowed the company to analyze more than 100 million…

Digital art organization Fingerprints DAO is collaborating with Dutch artist Harm van den Dorpel and German car manufacturer Mercedes Benz to release a generative art non-fungible token (NFT) collection inspired by automotive concepts.Titled “Maschine,” the collection by van den Dorpel is supported by Mercedes-Benz NXT, the car manufacturer’s new Web3 arm that focuses on digital…

The appointment of an independent investigator into the collapse of crypto exchange FTX was on Tuesday referred to the U.S. Third Circuit Court of Appeals by a Delaware District Judge.The government has joined a bipartisan grouping of Senators to call for an independent inquiry into the fall of Sam Bankman-Fried’s empire, despite warnings from FTX’s…

Layer 1 blockchain Canto has experienced a 35% slump in total value locked (TVL) over the past month as liquidity continues to dry up across the decentralized finance (DeFi) sector.After going live last August, Canto experienced a now-familiar hype cycle in which it enjoyed a euphoria-filled first coupe of months that saw its TVL jump…