Latest Market News
Yield Guild Games (YGG) raises $13.8M in funding round co-led by A16z Crypto and DWF Labs to accelerate the development of its Soulbound Reputation Token (SBT), which serves as proof of achievements and reputation in the blockchain gaming ecosystem. YGG is the largest in-game asset manager and investor in Axie Infinity and participates in many other play-to-earn (P2E) games.
The FTX exchange collapse in late 2022, due to founder misusing customer funds, is an example of the fragility of centralized finance (CeFi) and highlights the need for decentralized finance (DeFi) which eliminates the need for trust and relies on transparent mechanics. DeFi protocols, like Aura Finance, provide alternative banking, investing, and saving without the need to trust third parties and are governed by automated smart contracts.
Goldman Sachs layoffs will see 3,200 employees lose their jobs in the bank’s largest headcount cut since the 2008 financial crisis.
Microsoft’s layoffs will see 10,000 employees, which represents less than 5% of the company’s workforce, lose their jobs.
In a perfect world, such a super-app would serve as a kind of one-stop digital doorway for all your online needs, with banking, payments, savings, investments, and more, connected to a world of products and services people need in their daily lives. Some of these apps, like the WeChat-based future version of Twitter. While fintech platforms like PayPal and Square appear to be obvious contenders for the super-app crown, a number of players in the Web3 and crypto space are emerging as strong possibilities too. Let's find out more.
This article highlights three innovative protocols worth keeping an eye on in the cryptocurrency space: Philcoin, ZKSync, and Soulbound Tokens. Philcoin, a non-profit corporation, aims to provide charitable assistance to people around the world who cannot afford meaningful internet access through a peer-to-peer mesh network for broadband infrastructure. ZKSync, an Ethereum Layer-2 scaling solution, reduces network traffic and high transfer fees on Ethereum's mainnet. Soulbound Tokens, first proposed by Ethereum visionary Vitalik Buterin, are non-transferable digital tokens that would contain an individual's social identity in a decentralized society. Despite the current bear market, these projects are worth researching and keeping an eye on for potential future growth.
Astar Network, a blockchain project creating a platform focused on multichain smart contracts capabilities, has released their Cross-Virtual Machine (XVM) on the Shibuya testnet. The launch represents the first major milestone of Astar Network’s 2023 roadmap.
Tesla and Twitter layoffs saw nearly 14,000 employees lose their jobs last year. The layoffs in Elon Musk’s companies are set to continue in 2023 as well.
Meta and Google layoffs are just a part of the broader trend that is sweeping the tech sector. Find out which company reduced its workforce the most.
With the 14th Bitcoin birthday upon us, we are taking a look at BTC’s biggest milestones, price history trends, and what we can expect going forward.
