Paxos Cuts 20% Workforce Amid Market Challenges #Crypto
Paxos has laid off 20% of its staff to focus on growth in the tokenization and stablecoin market. Paxos CEO Charles Cascarilla confirmed 65 employees were affected. #Crypto #Stablecoin
crypto.news
Roaring Kitty’s Return Sparks Meme Coin Surge #Crypto
Roaring Kitty (Keith Gill) returns to social media after a 3-year hiatus, sparking a 75% rise in GameStop stock and a 6% surge in meme coins like $PEPE. #Finance #Crypto
Terraform Labs Settles SEC Case for $4.47 Billion #Crypto
Terraform Labs settles with the SEC for $4.47B over the collapse of $LUNC and $UST. Awaiting judge’s approval, this could be one of the largest crypto settlements. #CryptoNews
Circle Unveils Solana Wallets and Gas Station #Crypto
Circle launches Programmable Wallets and Gas Stations on Solana, enhancing secure, scalable on-chain apps. Phase one: token transfers and fee sponsorship; phase two: NFTs and smart contracts. #Web3 #Updates
ZK Prover Achieves Sub-Second Performance Milestone #Crypto
? Space and Time (SxT) unveils Proof of SQL, a sub-second zero-knowledge prover enhancing on-chain transactions and defi growth. Processes 100,000+ row tables swiftly on a single GPU. #Crypto #Blockchain
AI Coins: Top Picks for 2024 Investments #Crypto
Top AI crypto coins for 2024 to watch: $NEAR, $ICP, $RNDR, $INJ, and $GRT. These coins boost blockchain projects with AI, offering long-term growth. #Crypto #AI.
Bitcoin Staking and DeFi via Merlin Chain #DeFI
Merlin Chain (@MerlinChain) allows $BTC holders to earn staking rewards and participate in DeFi. Over $13B in BTC bridged, $700M in rewards distributed, and $1.2B in TVL. #Crypto #DeFi
Crypto and AI Boost Global GDP by $20T #Crypto
Juan Leon of @BitwiseInvest predicts AI and crypto could add $20 trillion to global GDP by 2030. Key synergy: AI data needs met by Bitcoin mining tech. #AI #Crypto #Updates
Toncoin Soars as TapSwap Hits 50M Players #Crypto
Toncoin (TON), developed by @telegram, surged 600% in 2023, hitting a market cap of $17.6B and becoming the 9th-largest cryptocurrency. Active wallets soared to 8.07M. #Crypto #TON
Axelar Skyrockets Following Ripple Partnership Announcement #Crypto
Ripple’s XRP Ledger partners with @axelarcore, boosting $AXL price by 6% to $0.81. Axelar will bridge Ripple’s XRPL EVM sidechain, enhancing DeFi and RWA interoperability. #CryptoNews
Funding Boost: Irys Secures $8.9M for Growth #Startups
Irys, formerly Bundlr Network, secures $8.9M led by Lemniscap to enhance on-chain data management and combat misinformation. The rebrand focuses on data provenance and scalability. #Blockchain #Updates
Interview: UXLINK CTO Bob Ng on Innovation
? UXLINK (@uxlink_social) hits 10M registered users, a first in #SocialFi! Their unique approach ensures real social interactions with strict human verification. Next goal: 30M users! #Blockchain #Updates
Chromia Testnet Launch: Earn from 250,000 CHR Rewards
Chromia’s Layer-1 blockchain launches a testnet with a 250,000 $CHR reward pool. Initiatives: HackNet, ProjectNet, and QuestNet target developers and users. #Blockchain #CryptoNews
Sanctions Loom for U.S. Crypto Exchanges #Crypto
Sen. Mark Warner’s bill, S.4443, could let President Biden block crypto transactions linked to terrorism. Critics fear it might lead to user bans on protocols. #CryptoRegulation #BlockchainNews