Crypto Services Company Prime Trust Lays Off One-Third of Staff
Prime Trust laid off staffers in its communications and compliance as it navigated a rocky start to 2023.
Crypto Markets Today: Bitcoin Dips Below $23K Ahead of Fed’s Meeting
Also: The Sandbox’s SAND token surges ahead of its token unlock. Equities close lower.
Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret
The allegations from the head of Nomad, a LayerZero competitor, come just before Uniswap votes on whether to partner with LayerZero.
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars
The move comes one week after Cumberland inked a deal Canada-based crypto platform BitBuy to boost liquidity on that exchange.
DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement
The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.
Secret Blockchain Suffers Departures as Foundation Head’s $2M-Plus Dividend Sparks Outcry
Several validators have paused operations on Secret in recent weeks, which could spell trouble for the blockchain’s survival.
Sandbox’s SAND Surges 90% Since Start of Year Ahead of Token Unlock
The unlock, scheduled for mid February, will release 12% to the token’s supply.
Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX
David Duong, the crypto exchange’s head of institutional research, says the collapse of FTX didn’t lead to a pullback from investors.
Code vs. Values: The Crypto Twist on ‘Trust’
The annual Edelman Trust Barometer shows that society has worsening trust issues. Crypto promises a different type of trust alternative and nudges us toward a new understanding of the word.
Crypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022
The fund took a 23% hit in November in the aftermath of FTX’s collapse.