Conflux’s Multichain Prootocol ShuttleFlow Shuts Down
Conflux Foundation will be shutting down its ecosystem multichain protocol, ShuttleFlow, after two years of operation.
Market Share of Binance’s Spot Trading Plunges 40%
In 2023, Binance, a popular crypto exchange, has experienced a decrease in its market share for spot trading, dropping from 62% to 40%.
Ava Labs Fires 12% of its Workforce to Reallocate Resources
The team behind the Avalanche blockchain, Ava Labs, has recently announced that it has laid off 12% of its employees in order to better allocate its resources.
SEC Files Request for Summary Judgment in Terraform Labs Case
The SEC, through a filing to the Southern District of New York court, has requested a summary judgment on its claims against Terraform Labs (TFL) and its founder Do Kwon. According to the document, there is clear evidence that buyers invested money in either fiat currency or cryptocurrencies. This accurately represents the argument made by the SEC about the sale […]
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
Report: Asset Managers Are Showing Increasing Interest in ETH
According to a survey conducted by CoinShares, Ethereum is currently viewed as having the most promising growth potential out of all major cryptocurrencies.
