Consensys to cut workforce by 20% — CEO outlines decentralization plans

Imagine sitting down at your favorite restaurant and ordering a fresh filet of salmon, only to later discover that the “salmon” dish wasn’t actually salmon. As horrifying as it may sound, this scenario is actually quite common. A recent study from the conservation group Oceana found that 20% of fish samples sold to consumers in the…

JPMorgan’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021. 838 Total views 57 Total shares Amid Bitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.The current fair-value level for…

The digital NFT collective is expected to debut their pfp avatar collection, titled CloneX, later this month. 382 Total views 28 Total shares RTFKT Studios, pronounced artifact, has announced a collaborative partnership with software developer Daz 3D to leverage their technology to create immersive, three-dimensional avatars for their upcoming nonfungible token, or NFT, release, CloneX.Founded…

As of March 31, MicroStrategy held a total of 129,218 BTC, which the firm reported had a carrying value of roughly $2.9 billion. 106 Total views 3 Total shares Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy.In MicroStrategy’s report for the…

The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s demise but rather a move toward new technology and growth. Financial markets move, as Willie Nelson once said, in phases and stages, circles…

Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials, according to an official blog post on June 11.In addition to covering a litany of best practices for user security, the cryptocurrency exchange stressed the importance of using two-factor authentication (2FA) in particular. The report summarizes 2FA as…

Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.Shared on Twitter by BnkToTheFuture CEO Simon Dixon on June 30, the three distinct proposals include either two options of restructuring and relaunching Celsius, or potentially co-investing in…

The new set of crypto regulatory proposals in the U.K. aims to bring DeFi under the scope of the law on a case-to-case basis. 288 Total views 22 Total shares The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule…

National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams. 286 Total views 11 Total shares Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.On July 17, National Australia Bank (NAB) announced a…