‘Lost’ Yuga Labs restructures again, with layoffs, new executive
The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project.
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Australian Mayor downplays crypto volatility, recommends it for rates payments
"The volatility is not that bad” - Australia’s Gold Coast Mayor suggests crypto could be used to pay local taxes in the future. Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent…

Bitwise Tells US SEC That 95% of Volume on Unregulated Crypto Exchanges is Suspect
95 percent of volume on unregulated exchanges appears to be fake or non-economic in nature, an analysis from cryptocurrency index fund provider Bitwise Asset Management has argued in a report dated March 20.Bitwise reported its data and claims to the United States Securities and Exchange Commission (SEC) as part of a proposed rule change for…

Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

NGRAVE Hard Wallet Hits 450% of Crowdfunding Goal Within Two Days
A hardware wallet’s IndieGoGo crowdfunding campaign reached 450% of its target funding amount within two days of launch. 2053 Total views 41 Total shares The NGRAVE ZERO, claimed to be the world’s most secure hardware wallet, launched its crowdfunding campaign for €25,000 ($27,850) on May 26. In the first two days it smashed this total…

New Zealand Police Confirm Investigation Into Alleged $3.6 Million Hack of Cryptopia
Police in New Zealand confirmed they are investigating what appears to be a major hack of local cryptocurrency exchange Cryptopia worth at least $3.6 million, a press release stated on Jan. 16.Cryptopia, which abruptly shut down its website and exchange services on Jan. 14, subsequently said it had detected malicious activity.“The Cryptopia exchange suffered a…

SOON closes funding round for Solana-based layer-2
Backers hail from Solana Labs, Coinbase Ventures, and Celestia, among others.

Top Cryptocurrencies See Slight Gains, Bitcoin Hovers Under $4,000
Tuesday, Nov. 4: Most of the top twenty cryptocurrencies are in the green, having overcome yesterday’s losses, with Bitcoin (BTC) hovering under the $4,000 mark.Market visualization from Coin360During the day, Bitcoin has been trading in a narrow corridor between $3,768 and $4,091. At press time, the coin is trading at around $3,948, up around 1.61…

Golem releases laptop app to mine Ethereum … but turning a profit is tricky
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