The crypto winter has exposed the frailty in the business models of many companies in Web3, and the implosion of the FTX Derivatives Exchange back in November further aggravated the financial inconsistencies in Genesis and DCG as a whole.
The company’s vice president of trust and safety, Ella Irwin, told reporters that Twitter made some cuts in the trust and safety team on Friday night due to low volume growth.
Hoskinson says his new clinic will accept ADA from customers, as a payment method for the medical services they receive.
SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,964 crypto jobs have been lost.
The need for better transparency and compliance with laid down rules will be critical in 2023.
Genesis conducted the latest staff cut after the company informed clients about “reducing costs and driving efficiencies” amid challenging times for many crypto firms.
The ECB executive called the European Union’s Markets in Crypto Assets (MiCA) an important step.
The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.
DCG once appeared to be untouchable but may fast be losing its stability.
New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars.
Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”.
Using Venly, sellers on Shopify can sell NFTs, offer NFT-gated experiences or use NFTs for authentication by tying them to physical products.
The TON Storage will use financial incentives from Toncoin with the help of smart contracts on the blockchain.
The price reductions became necessitated when Tesla recorded a very low delivery count in December last year, the lowest in more than 5 months.
The Digital Emotional Experience will bring virtual reality to BMW, which will display an array of important details on the windshield.