FTX, Genesis contagion reaches Binance’s Gopax acquisition deal
Binance ongoing acquisition deal with South Korea’s crypto exchange Gopax suffers hurdle due to Genesis contagion. The fifth-biggest exchange in South Korea, Gopax, will soon be acquired by Binance, the largest cryptocurrency exchange in the world. As a result, Binance has the chance to reenter the South Korean cryptocurrency market. However, the Binance-Gopax agreement has […]
U.S. unemployment rate falls to 3.5%; crypto market turns bullish
The crypto market reacts positively to news of the United States adding 223k jobs in December, beating market expectations. The United States added 223,000 jobs in December due to the crypto market, according to the Bureau of Labor Statistics’ most current Nonfarm Payrolls report. This was more than the 200,000 jobs that experts had projected […]
Mastercard launches web3-focused artist incubator with Polygon
Mastercard, is launching a web3-focused incubator to help artists connect with fans through a new medium. After unveiling a Polygon-based accelerator program to aid musicians in advancing their careers via Web3, global payments giant Mastercard is increasing its exposure to blockchain technology once again. In a blog post published on January 7, the company unveiled […]
Crypto investors lost $3.9 billion to hackers, fraudsters in 2022
2022 saw billions of losses to DeFi and crypto exploits. Only 5.2% of the losses were recovered, according to a report by Immunefi. According to a forecast released on January 6 by security services platform for web3, Immunefi , a platform for bug bounties and security services for the Web3 ecosystem, the cryptocurrency market would […]
NFT Project received $3M to transfer its collection to Polygon
DeLabs, the startup behind popular NFT projects DeGods and Y00ts, received a $3 million grant from Polygon to migrate blockchains According to a January 6 press release from the corporation, the team behind y00ts and DeGods received $3 million to transfer their collections from Solana to Polygon. The two projects’ founder, Frank III, posted the […]