eBay Reportedly Cuts 30% Web3 Workforce Amid NFT Marketplace Struggle

KnownOrigin’s staff and IP were absorbed into eBay’s Web3 segment after acquisition. The NFT marketplace’s co-founder David Moore has stepped down. E-commerce behemoth eBay reportedly intends to leave the NFT market no later than two years after purchasing KnownOrigin, an NFT marketplace based in Manchester. Sources close to the situation have revealed that roughly 30% […]

Concerns mount over Ethena USDe’s promise of 27% yield following mainnet launch

The attractive yield opportunity is causing widespread concern in the crypto community. Cryptocurrency investors took to X to express their concern about the staking yield of Ethena Labs’ newly launched stablecoin. Ethena Labs launched its USDe stablecoin on the public mainnet on Feb. 19, according to an X post from the company’s official page. The […]

Number of Starknet’s Active Users Drops Over Airdrop Criticism

Coinspeaker Number of Starknet’s Active Users Drops Over Airdrop Criticism Starknet, a popular Ethereum layer-2 blockchain, has experienced a significant decline in active users over the past week. It comes amidst growing dissatisfaction among users regarding the Starknet Provisions Program airdrop. Starknet User Number Decreases Following Airdrop Announcement Data from Starkscan indicates that the number […]

BlackRock’s Latest Investor-Friendly Spot BTC ETF Ad Presents Bitcoin as ‘Progress’

Coinspeaker BlackRock’s Latest Investor-Friendly Spot BTC ETF Ad Presents Bitcoin as ‘Progress’ Investment firm BlackRock has released another ‘investor-friendly’ ad for its spot Bitcoin exchange-traded fund (ETF). The asset manager’s latest ad comes amid a heated spot Bitcoin ETF marketing race that has been going on since December, weeks before the first spot Bitcoin ETFs […]

UK Government Aims for New Crypto Regulation Milestone within 6 Months

Coinspeaker UK Government Aims for New Crypto Regulation Milestone within 6 Months The UK government is moving swiftly to implement regulation for cryptocurrencies, with a focus on stablecoins and crypto staking services. According to Bloomberg, the UK’s Economic Secretary to the Treasury, Bim Afolami, revealed during a recent Coinbase-organized crypto event in London that the […]

Has Ethereum’s (ETH) time come?

In comparison to bitcoin, and also to many of the altcoins, ethereum has been relatively subdued so far this bull market. However, with a possible Spot Ethereum ETF on the horizon, and signs that $ETH is about to take the spotlight from $BTC, it could be that ethereum’s time has come. $ETH performance less than […]

CoinMarketCap Research Releases Decentralized USD (USDD) Report, Over-Collateralized Stablecoin With Leading Ratio of 204.5%

Dubai, UAE, February 20th, 2024, Chainwire CoinMarketCap Research has published an in-depth report on Decentralized USD (USDD), a decentralized, over-collateralized stablecoin pegged to the U.S. dollar at a 1:1 ratio. Launched in May 2022 by TRON DAO Reserve, USDD aims to provide a stable and reliable digital currency for transactions and DeFi applications. The minting […]