Crypto - Optimisus

Coinbase announces 20% workforce reduction in latest round of layoffs

1 year ago 1 min read

Coinbase cuts 20% of workforce in latest round of layoffs

Coinbase has announced another round of layoffs, which will affect 950 employees and reduce its operating expenses by 25%. The company CEO Brian Armstrong said that, while the decision was difficult, it was necessary in order to reduce expenses and increase the chances of doing well in every scenario. This is the latest round of layoffs, after the company cut 1,100 jobs, or 18% of its workforce, in June 2022 and 60 employees in November 2022. Coinbase estimates that its plan will cost between $149 million and $163 million in restructuring expenses, with around $58 to $68 million of this

Nepal to block all websites related to crypto trading

1 year ago 1 min read

Nepal government orders internet service providers to block crypto sites

Nepal’s Telecommunications Authority (NTA) has ordered Internet Service Providers (ISPs) to block all websites related to cryptocurrency trading, warning of legal action against non-compliant ISPs. This follows a notice in September 2021 from Nepal Rastra Bank, the country’s central bank, declaring crypto trading and mining illegal and stating that encouraging others to use crypto is also a punishable activity. The NTA had issued a similar caution notice in April, asking the public to notify the regulator of any crypto-related activities, but did not call for a block on access to crypto services at that time. Despite the ban on crypto

1 year ago 1 min read

Mark Cuban subpoenaed to testify over Voyager promotion

In February, Mark Cuban, the owner of the Dallas Mavericks, is scheduled to be deposed in connection with a proposed class-action lawsuit that claims that he promoted a Ponzi scheme through Voyager Digital, a crypto lender that has now gone bankrupt. The deposition will take place on February 2 in Dallas, Texas. Additionally, two Dallas Mavericks employees will be deposed before February 23, while three plaintiffs behind the suit will be deposed before the end of the month. The lawsuit alleges that Cuban misled investors about Voyager’s services, claiming that it was cheaper and offered commission-free trading when it was

1 year ago 4 mins read

Metacade presale passes $2 million – only $690k remaining before it sells out

Metacade has exceeded expectations as investors flocked to its presale to purchase MCADE tokens, raising over $2 million for the GameFi project. The beta stage of the presale saw $1 million pour in over a matter of weeks and momentum has continued despite the 25% increase in token price. There is now only $690k remaining of the token at $0.01 before the price rises 20% in the next round. $MCADE is available to buy on the official Metacade website. Metacade is the world’s first community-run play-to-earn (P2E) arcade built on blockchain. The Ethereum-backed metaverse project will offer a thriving GameFi hub for

1 year ago 1 min read

Paycoin faces setback as South Korea suspends payments token

PayProtocol, the developer of the payments-oriented cryptocurrency Paycoin, will be applying for a local license in order to continue operating after South Korea’s Financial Intelligence Unit (FIU) ordered the suspension of its business. Paycoin, which was released by Danal Fintech Corp in 2019, has become one of the most popular payment tokens in South Korea, accepted by Pizza Hut, Burger King, 7-Eleven, and Park Seung Chol Hair-Studio, among others. On January 6th, 2023, the FIU denied the registration of PayProtocol as a crypto trading platform, citing the lack of a banking partner, as required by South Korean laws. PayProtocol had

1 year ago 3 mins read

Flare Launches Layer 1 Oracle Network

Dubai, UAE, 10th January, 2023, Chainwire Flare, the blockchain for building applications that use data from other chains and the internet, has successfully completed its long-awaited token airdrop at 11:59 pm UTC on January 9th. The airdrop saw 4.279B Flare (FLR) tokens distributed to millions of recipients, including users on Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, BitBank, & more, in one of the largest scale distributions in crypto history. The airdrop is a significant milestone for Flare as developers can now start to take advantage of Flare’s EVM and native data acquisition protocols, the State Connector and Flare Time Series

1 year ago 3 mins read

Radix Reveals Powerful Vision for Mainstream-Ready Web3 Wallet

Jersey, Channel Islands, 9th January, 2023 Unique “full stack” approach enables unparalleled user experience Radix, the smart contract platform for asset-oriented DeFi, displayed concept images of its Web3 wallet that conveys a unique vision for a radically better user experience in crypto applications. The Radix Wallet concept is the result of more than a year and a half of researching, designing and ultimately building a set of 5 innovative technologies into the core Radix Network, uniquely enabling a revolutionary mainstream-ready wallet. The result: a user experience that’s just as safe, reliable and easy to understand as what we get in

1 year ago 1 min read

Astar Network unveils XVM on public testnet

Astar Network, a smart contract platform for multichain, announced the launch of its Cross-Virtual Machine (XVM) on the public testnet Shibuya. Astar Network claims that the XVM allows for interoperability between different smart contract environments such as the Ethereum Virtual Machine (EVM) and WebAssembly (WASM). This allows for seamless communication between smart contracts, regardless of the language they are written in or the environment they are in. This is the first major product launch as part of Astar Network’s 2023 roadmap, and it is expected to open up new possibilities for cross-chain projects and experimentation with the XVM developer toolkit.

1 year ago 1 min read

FTX ex-lead engineer cooperating with federal prosecutors in Bankman-Fried probe

Nishad Singh, a former lead engineer at crypto exchange FTX, has been in discussions with federal prosecutors in the Southern District of New York in regards to the case against FTX and its founder, Sam Bankman-Fried. According to a report released on Jan. 10 by Bloomberg, Singh met with the prosecutors to assess if he could give them any useful information about the charges of campaign finance law violations. With his own political donations, Singh could provide an insight into FTX’s political donations and may strike a plea deal if his information is useful. Gary Wang and Caroline Ellison, other

1 year ago 2 mins read

KuCoin crypto exchange review

KuCoin is a cryptocurrency exchange that was founded in 2017 and is based in Hong Kong. It has gained a reputation for having a large number of altcoins available for trade, which makes it a popular choice for cryptocurrency traders who are looking to buy and sell lesser-known coins. One of the main advantages of KuCoin is its user-friendly interface, which is suitable for both beginners and advanced traders. It also has a wide range of trading options, including spot trading, margin trading, and futures trading. In addition, KuCoin has a mobile app that is available for both iOS and

1 year ago 2 mins read

Kraken crypto exchange review

Kraken is a cryptocurrency exchange that was founded in 2011 and is based in San Francisco, California. It is one of the oldest and most well-respected cryptocurrency exchanges in the industry. One of the main advantages of Kraken is its security. It has never been hacked and has a strong track record of protecting its users’ assets. In addition, Kraken is one of the few exchanges that has undergone a full security audit, which is a thorough review of its security practices by an independent third party. Kraken also has a wide range of trading options, including spot trading, margin

1 year ago 1 min read

Crypto losses reach $3.9B in 2022: Immunefi report

Immunefi has released its Crypto Losses in 2022 Report, showing that the cryptocurrency industry lost a total of $3.9 billion in 2022. The report found that hacks were the main cause of losses, accounting for 95.6% of all losses, with fraud, scams, and rug pulls accounting for only 4.4%. DeFi platforms were the main target of successful exploits, accounting for 80.5% of losses, while CeFi platforms accounted for 19.5%. The BNB Chain and Ethereum were the two most targeted chains, accounting for 63.3% of attacks. In Q4 2022, the industry saw losses of $1.6 billion, with FTX and BNB Chain