Business

ConsenSys slashes workforce by 11% due to unfavorable macroeconomic conditions
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21 January, 2023

ConsenSys slashes workforce by 11% due to unfavorable macroeconomic conditions

The ConsenSys layoffs will affect 96 employees across several teams, which CEO Joseph Lubin says was caused by certain "poorly...
UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies
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21 January, 2023

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

After its second reading of the Financial Services and Markets Bill, members of the British House of Lords have voiced...
South Korean court rules NFTs as speculative and not protected under legislation
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21 January, 2023

South Korean court rules NFTs as speculative and not protected under legislation

Gaming items converted to NFTs are considered "gifts prohibited under the Game Industry Act," and dealing with them equates to...
Thailand security regulator issues new guidelines for virtual currency wallet providers
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21 January, 2023

Thailand security regulator issues new guidelines for virtual currency wallet providers

Under the latest regulations, VASPs are mandated to create a digital wallet management system, a framework for securing wallet keys,...
Australia: ‘Big 4’ bank NAB develops stablecoin
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21 January, 2023

Australia: ‘Big 4’ bank NAB develops stablecoin

National Australian Bank, the third largest bank in Australia, has been testing the AUDN stablecoin and is targeting carbon credits...
YouTube vs. Bitcoin: The quest for an effective advertising model
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20 January, 2023

YouTube vs. Bitcoin: The quest for an effective advertising model

Content creators could tell that their advertising model—which only exists due to the lack of payment technology—is broken if they...
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