Coinbase CEO Brian Armstrong Says Company Strained From Fast Growth, Looking for Ways To Be More Efficient

Coinbase CEO Brian Armstrong says the exchange is now facing the unwanted consequences of growing its workforce too fast. In a new statement, Armstrong says companies tend to become less efficient when they scale up, affecting their ability to focus on customers. “While this trajectory is natural, it is not inevitable. Every great company, from…

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Magic Eden NFT Marketplace Announces Web3 Gaming Investment of $130 Million

Magic Eden has announced an investment in Web3 Gaming, a gaming platform built on the Ethereum blockchain, allowing developers to create games that use smart contracts to control game assets and gameplay.

Blockchain Gaming Holds Up As Cryptocurrency Market Wobbles

Investments in blockchain initiatives have been patchy, but GameFi is an industry that continues to thrive despite the market decline. The blockchain gaming industry weathered the storm better than other industries, despite the fact that most investors are focused on the latest scandals related to centralized finance (CeFi) and decentralized finance (DeFi). Blockchain game triumphs…

Crypto Traders Lose $280M After Bitcoin Crashes Above $22,000

As the week draws to a close, there have been some interesting changes in the price of bitcoin. The digital asset that was struggling to hold onto $20,000 finally broke out of that slump and managed to rally to $22,000. This rally naturally led to market sell-offs, and over time these sell-offs increased with the…

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Malaysia is not worried about the state of cryptocurrencies

The crypto space has not been doing well lately. Many well-known currencies like BTC and ETH are still falling like crazy, but according to the young Malaysian investors, the situation is not a cause for concern and they continue to invest as if nothing has changed. Malaysian crypto trading remains strong Anthony Pang, for example,…

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Crypto Giant Coinbase To Strengthen Its Presence In Europe, Plans To Expand In France And Three Other Countries

Coinbase, the leading US-based cryptocurrency exchange, is looking to increase growth outside of the US as the company plans to expand its services to four European countries. In a new company blog post, the cryptocurrency exchange says it is stepping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands after gaining…

FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi

FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform has reached an agreement with FTX US for a $400 million revolving credit facility plus an option to acquire BlockFi at a variable price…

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Ripple Launches Innovation Challenge for CBDC Solutions on XRP Ledger

Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…