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eBay Dismisses 30% of Its Web3 Division Staff and Halts NFT Initiatives Amidst Digital Art Projects Wind Down

eBay Dismisses 30% of Its Web3 Division Staff and Halts NFT Initiatives Amidst Digital Art Projects Wind Down

In a significant move signaling a potential shift in strategy, eBay has reportedly downsized its workforce dedicated to Web3 initiatives, including the cessation of its efforts in the NFT (Non-Fungible Token) domain. According to NFTgators, citing anonymous sources, the e-commerce giant has laid off 30% of its Web3 division's staff.

Ripple Labs Acquires Standard Custody: A Move Towards Strengthening Regulatory Compliance and Institutional Solutions

Ripple Labs Acquires Standard Custody: A Move Towards Strengthening Regulatory Compliance and Institutional Solutions

In a strategic move, Ripple Labs has announced its acquisition of Standard Custody & Trust Company, underscoring its commitment to regulatory compliance and enhancing its product offerings. This acquisition is poised to enable Ripple to offer a wider array of internal services, particularly those related to asset tokenization. The deal

The Americans: CZ's Sentencing Date Postponed to April 30th

The Americans: CZ's Sentencing Date Postponed to April 30th

The scheduled hearing for former Binance CEO Changpeng Zhao, also known as CZ, has been postponed from February 23rd to April 30th, 2024. This development comes in the wake of his conviction for money laundering and subsequent travel ban within the United States. With a potential sentence of up to

Cryptocurrency Mining in 2023 Matches Australia's Electricity Consumption

Cryptocurrency Mining in 2023 Matches Australia's Electricity Consumption

The Energy Information Administration (EIA) has released a report on the electricity consumed by cryptocurrency miners. In 2023, companies engaged in cryptocurrency mining consumed as much electricity as the entire country of Australia. The agency noted the rapid development of the mining sector in the United States. According to the

China Introduces New Restrictions on Mining Companies

China Introduces New Restrictions on Mining Companies

In a significant move to bolster its energy conservation efforts, the Beijing government has unveiled an updated plan aimed at enhancing oversight over cryptocurrency mining operations. This initiative reflects China's continuing strict stance on cryptocurrencies, including Bitcoin, which remains prohibited at the legislative level. Authorities in Beijing have called for

Official account of the Embassy of Spain in Bosnia and Herzegovina in X

Official account of the Embassy of Spain in Bosnia and Herzegovina in X

In an intriguing turn of events that blurs the lines between diplomatic engagements and the burgeoning world of cryptocurrency, the Embassy of Spain in Bosnia and Herzegovina has shown a keen interest in meme coin airdrops. This unusual intersection of traditional diplomacy and digital currency trends came to light when

The Ape Terminal Controversy: Fraud Allegations Surrounding SatoshiVM Token

The Ape Terminal Controversy: Fraud Allegations Surrounding SatoshiVM Token

Introduction In the ever-evolving and dynamic world of cryptocurrency, controversies are not uncommon. A recent storm has been brewing around Ape Terminal, a notable player in the crypto space, which has been accused of fraudulent activities involving the SatoshiVM (SAVM) token. This article delves into the events that unfolded, the

The Future of Cryptocurrency Exchanges: Insights from Justin Sun on Decentralization and Democratic Governance

The Future of Cryptocurrency Exchanges: Insights from Justin Sun on Decentralization and Democratic Governance

In a recent episode of the Bitcoin.com News podcast, a platform renowned for its in-depth interviews with prominent figures in the realms of cryptocurrency, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and the Metaverse, we had the privilege of hosting Justin Sun. As the founder of Tron and an advisor

JPMorgan Foresees Bitcoin Correction Amidst $1.5 Billion Outflow from GBTC

JPMorgan Foresees Bitcoin Correction Amidst $1.5 Billion Outflow from GBTC

In a recent analysis, JPMorgan, one of the leading financial institutions, has predicted a potential short-term decline in Bitcoin's price. This forecast is primarily attributed to the profit-taking activities of investors in the Grayscale Bitcoin Trust (GBTC), a popular investment fund by Grayscale Investments. The situation is closely watched by

Donald Trump has promised to ban the creation of CBDCs

Donald Trump has promised to ban the creation of CBDCs

In a recent and pivotal development within the realm of U.S. politics and finance, former President Donald Trump, a notable figure in the Republican leadership race, has made a bold promise to ban the creation of Central Bank Digital Currencies (CBDCs) if he is elected. This announcement, made during