The Non-Fungible Token (NFT) ecosystem is being impacted by the transitory resuscitation in the broader cryptocurrency industry, which has seen the total crypto market capitalization rise by 4.47 percent to $907.97 billion at the time of writing.
Bybit trading platform has joined the list of cryptocurrency exchanges that have announced plans to lay off employees in order to restructure their operations in the midst of the ongoing crypto market slump.
Cryptocurrencies are experiencing a major market fall, and the Federal Reserve is to blame, according to Sam Bankman-Fried, CEO of the FTX platform.
The once-glorious digital currencies are no longer deemed such, at least in the medium term, given the current nosedive in prices and valuation.
Despite rising fears about the unfolding crypto-economic catastrophe, Kraken exchange has made the audacious statement that it does not intend to lay off any employees.
Following the collapse of the total crypto market capitalization below the $1 trillion level earlier this week, several crypto projects are suffering a severe economic downfall as a result.
Binance exchange is arguably living up to its ranking as the biggest digital currency trading platform in the world as it has unveiled its plans to hire as many as 2000 new workers despite the current financial market meltdown.
OpenSea is stepping up its game to protect its users as hundreds of non-fungible token (NFT) owners are constantly targeted by scammers.
Bitcoin has fallen to its lowest level for a year and a half, trading around $25,344 at the time of writing, according to data from CoinGecko.
Proponents of the cryptocurrency industry have been requesting a comprehensive crypto bill for some time. Thanks to the bipartisan efforts of Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), there are proposals on the ground for lawmakers to ponder.
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