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Crypto exchanges such as Nairaex, are one of the trusted digital platforms that enhance the conversion of cryptocurrencies to naira and vice-versa. Despite the bearish state of the market and further decline the value of crypto assets prompted the insolvency of several crypto- based platforms such as Terra, Celsuis and
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The New York Times has reported that Twitter is considering the idea of selling usernames in online auctions. The prospect has been floated among the company as a potential revenue stream, according to the initial report. If this pushes through, the microblogging platform will begin ridding the platform of more
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A bankruptcy attorney has said crypto exchange FTX has recovered more than $5 billion in different assets, excluding another $425 million in crypto held by the Securities Commission of the Bahamas. Landis Rath & Cobb attorney Adam Landis who spoke on FTX's behalf Wednesday said there is still
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ConsenSys, the developer of crypto wallet MetaMask, has planned to lay off 100 employees or more, someone familiar with the matter has said. The New York City-headquartered Ethereum studio currently has about 900 employees. The planned cuts are understood to be in the process of being finalized, and the exact
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Crypto exchange Coinbase (COIN) has said it is planning to reduce its workforce by around 950 employees as part of a restructuring that it plans to complete by the end of the second quarter. According to statistics on the companies website, this figure would amount to around 20% of Coinbase&
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After filing for bankruptcy in November 2022, BlockFi is yet to withdraw their crypto assets locked in its protocol, the firm’s lawyer has told a U.S. Bankruptcy Court for the District of New Jersey. The lending and borrowing protocol had filed for bankruptcy shortly after the collapse of
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Bankruptcy court documents have shown that FTX’s Bahamian company spent a huge amount of money on luxury hotels and accommodation, flights and food in the nine months before the exchange’s collapse. According to the documents reviewed by Business Insider, FTX Digital Markets went through $40 million between last
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The crypto space has had a fair share of long-lasting market instability and scandals this year causing users' confidence to be quite shaky. Nonetheless, an annual statement released by Accenture showed that individuals are still taking action to own digital currencies on a long-term basis. As stated in the
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Microblogging platform Twitter has integrated new digital currency features that allow individuals on the platform to search the trade rate of BTC and Ether by merely inputting their characters or tickers on the search option. This recent innovation is a modification of “$Cashtags” and was published by the social protocol’
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Coinbase chair Brian Armstrong has endorsed the need for tough supervision on centralized digital currency players but underlines that decentralized platforms should be given access to thriving as non-proprietary software and crypto contracts account for the maximum layout of exposure. Armstrong conveyed his idea concerning digital currency supervision in an
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Ethereum co-owner Vitalik Buterin has published three major possibilities that remain untapped in digital currency namely: abundant wallet acceptance, increased price-resistant stablecoins, and Ethereum-generated site signup. In a discussion with Bankless co-founder David Hoffman, Buterin his thoughts about the digital currency industry in the coming year, replying to Hoffman’s
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As stated in a Monday publication, digital currency trading platform Binance.US is set to buy properties of insolvent digital currency creditor Voyager Digital at the rate of $1.022 billion. Following the assessment of tactical possibilities, the company noted that Binance.US is the major and most reasonable bidder