In a significant move, dYdX, the prominent Swiss-based decentralized trading platform, has announced a substantial workforce reduction of 35%. This decision, made public by CEO Antonio Juliano, has sparked considerable discussion about its implications for the company and the decentralized finance (DeFi) market as a whole. Initially sharing the news through a succinct post on
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On Wednesday, Ethereum (ETH) surged beyond the $2,700 threshold for the first time in over a week, reviving hopes within the cryptocurrency community. This surge sparked discussions among analysts about the future trajectory of Ethereum, particularly whether it could reclaim the psychological $3,000 mark soon. Following a period of stagnation and uncertainty, the price movement
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In recent years, the gaming landscape has witnessed an unprecedented shift with the emergence of play-to-earn models, especially in decentralized applications. One intriguing addition to this genre is **Not Pixel**, a tap-to-earn game hosted on Telegram that invites players to collaborate on creating a one-million-pixel digital art canvas. Developed by the Notcoin team, Not Pixel
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At the recent Binance Blockchain Week in Dubai, Jeremy Allaire, CEO of Circle—the company behind USDC, one of the leading stablecoins—voiced a distinct optimism about the evolving landscape of global cryptocurrency regulation. In the wake of increasing scrutiny and regulatory discussions worldwide, Allaire emphasized the potential for positive outcomes. His statements suggest a belief that
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The credibility of Polymarket, a leading blockchain-based betting platform, has come under intense scrutiny following a recent investigative report by two prominent crypto research firms. Despite its frequent mention in mainstream media as a reliable indicator for election outcomes, analysts have raised significant concerns about the authenticity of its trading activities. Reports suggest that a
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On October 30, 2023, BlackRock’s iShares Bitcoin Trust (IBIT) achieved a monumental milestone, securing $872 million in inflows—the highest single-day record since its inception in January. This unprecedented surge not only highlights the increasing confidence among investors but also underscores the significant shift in market sentiment regarding cryptocurrency investment vehicles. Just a day prior, the
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