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WazirX Lays Off 60+ Employees – Top Crypto Updates

WazirX lays off 40% of its employees: Report Indian crypto exchange WazirX has laid off several employees, the company said in a statement shared with CoinDesk. Around 50-70 employees, or 40% of the exchange’s workforce of 150, were laid off amid adverse economic conditions, the ongoing crypto winter, and India’s anti-cryptocurrency stand. WazirX’s daily trading […]
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FTX Wins Bid to Buy Voyager Digital’s Assets – Top Crypto Updates

FTX wins bid to buy Voyager Digital’s assets out of bankruptcy Crypto exchange FTX won the bidding war to acquire the assets of bankrupt Voyager Digital. The agreement is valued at about $1.4 billion, comprising an ‘additional consideration’ worth about $111 million and the $1.3 billion market value of all the crypto on the bankrupt platform. […]
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Filecoin Reports Strong Growth Ahead of FVM Launch – Top Crypto Updates

Filecoin reports strong growth ahead of FVM launch Decentralized filesharing protocol Filecoin saw a nearly seven-fold growth of data suppliers since the start of 2022. The project plans for a major upgrade in early 2023. The network’s storage providers were increasing at a rate of 20% each month, with most activity in North America, Korea, […]
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Helium Shifts to Solana Blockchain – Top Crypto Updates

Helium ditches own blockchain in favor of Solana Helium community members have voted to move the decentralized WiFi network from its blockchain (officially known as HIP 70) to the Solana blockchain. The HIP 70 proposal concluded voting early Thursday morning with ~81% voting in favor of migration. Developers behind Helium proposed the migration to Solana […]
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SEC to Open Digital Asset Office – Top Crypto Updates

SEC to open digital asset office The U.S. Securities & Exchange Commission (SEC) is planning to launch a new office dedicated to reviewing filings related to digital assets. The Office of Crypto Assets to the Division of Corporation Finance’s Disclosure Review Program (DRP) will be responsible for reviewing the company filings of crypto issuers. The […]
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Busan Taps FTX to Develop Crypto Exchange – Top Crypto Updates

Busan taps FTX to develop crypto exchange South Korean city Busan signed an agreement with crypto exchange FTX to develop blockchain-based businesses in the coming months. This partnership is in line with the city’s broader plans to become a global blockchain and financial hub. Busan City and FTX will work together to develop and promote […]
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FBI Issues Warning Over Vulnerable DeFi Platforms – Top Crypto Updates

FBI issues warning over vulnerable DeFi platforms The Federal Bureau of Investigation issued a new warning focused on attacks against decentralized finance (DeFi) platforms. Cybercriminals have been exploiting vulnerabilities in the smart contracts that govern them. Between January and March 2022, cybercriminals stole $1.3 billion in crypto, almost 97% of which was stolen from DeFi […]
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Bitcoin Falls Below $20,000 After Jackson Hole Caution – Top Crypto Updates

Bitcoin falls below $20,000 on post-Jackson Hole caution Bitcoin extended its fall below $20,000 on Monday as part of a wider crypto market retreat, primarily due to concerns about the Federal Reserve’s rate-hike path. U.S. Fed Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium rocked both equity and crypto markets on Friday with […]
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Polygon Founder Launches $50M Web3 Fund – Top Crypto Updates

Polygon founder launches $50 million early-stage Web3 fund Symbolic Capital, a new crypto-focused venture capital firm headed by Polygon blockchain founder Sandeep Nailwal, has raised $50 million for a fund to invest in early-stage Web3 companies. Investors in the Symbolic fund included a number of crypto industry participants, protocols, exchanges, auditing firms, and venture capitalists. […]
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Ethereum Foundation Confirms Date for Merge Upgrade – Top Crypto Updates

Ethereum Foundation confirms date for merge upgrade The Ethereum Foundation announced that the ETH merge upgrade will be fully completed between September 10 and 20. The network will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain next month in a much-awaited upgrade known as “the merge.”  In proof-of-work, crypto transactions are verified through mining. Meanwhile, in proof of […]
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Celsius Countersues KeyFi for ‘Gross Mismanagement’ – Top Crypto Updates

Celsius countersues KeyFi for ‘gross mismanagement’ Crypto lending platform Celsius filed a countersuit in U.S. Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely represented himself as a pioneer and expert in coin staking and decentralized finance (DeFi) investments. The countersuit alleges KeyFi stole millions of dollars in coins from […]
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Invesco Launches New $30 Million Metaverse Fund – Top Crypto Updates

Invesco launches new $30 million Metaverse Fund Global asset management firm Invesco has launched an investment fund focused on the Metaverse. The Invesco Metaverse Fund is registered in Luxembourg and has a size of approximately $30 million. It will invest in large, medium, and small-cap companies across the Metaverse Value Chain. The Metaverse refers to […]
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