Immutable lays off 11% of its workforce after $56M loss
According to reports, Immutable, an Australian cryptocurrency gaming company, would let go 11% of its workforce on February 22. James Ferguson, the CEO of Immutable, reportedly attributed the choice to the need for the business to prioritize crucial projects and make the most of its resources. The average offer for affected employees would be 10 […]
Google becomes validator on Tezos Proof-of-Stake Blockchain
Google and Tezos blockchain have joined together to accelerate web3 innovation on the decentralized Tezos network. According to reports, the Tezos Foundation will use Google Cloud as a validator as part of the partnership between the two organizations. Corporate users of Google’s cloud infrastructure will be able to build web3 applications and deploy decentralized solutions […]
Ethereum Shapella upgrade schedues for February 28
The Ethereum Shapella (Shanghai/Capella) update is now scheduled for February 28. The upgrade is only for the Sepolia network and a subsequent upgrade for the Goerli network and will make way for un-staking ETH. The names of the anticipated Ethereum hard fork are Shanghai and Capella (Shapella) . On the client side of the execution […]
PayPal co-leads $20M seed funding round for Chaos Labs
Galaxy investment management firm and payments giant PayPal have co-led a $20 million early financing for Chaos Labs, a New York-based cloud platform for safeguarding blockchains and protocols. Chaos Labs guards against dangers and external attacks for cryptographic protocols via an automated risk management platform. By providing agent- and scenario-based simulations, the platform assists in […]
Reddit co-founder reportedly paid $15K for 50,000 ETH
Reddit co-founder Alexis Ohanian allegedly paid about $15,000 for 50,000 ETH, or roughly 30 cents for each coin in 2014, during the presale of the cryptocurrency. Reddit co-founder, who departed the social media behemoth in 2020, said in a Forbes piece published on February 21 that his Armenian origin contributed to his attraction to the […]