Number of Avalanche’s Monthly Active Users Reaches 1 Million

Reading Time: < 1 minute Avalanche, a Layer 1 blockchain network, has achieved a significant milestone by surpassing 1 million monthly active users for the first time.

Hong Kong Custody Company Will Release a Dollar-pegged Stablecoin

Reading Time: < 1 minute First Digital, a Hong Kong-based custodial and trust company, has just announced it plans to launch First Digital USD (FDUSD), a stablecoin pegged to the US dollar.

Binance is Reducing its Workforce

Reading Time: < 1 minute Crypto exchange Binance plans to lay off about 20% of its staff, Colin Wu has reported, citing his own sources.

Devs Unveil Bridge for NFTs Between Ethereum and Bitcoin Networks

Reading Time: < 1 minute The Bitcoin Miladys and Ordinals Market teams have jointly announced the BRC-721E standard, allowing ERC-721 based NFTs to be migrated to a Bitcoin protocol.

Wall Street Companies Intend to Launch Crypto Services

Reading Time: < 1 minute These companies expect the adoption of legislation by the US authorities that would regulate the cryptocurrency market.

Experts: Bitcoin Will Exit Current Price Range

Reading Time: < 1 minute Glassnode analysts predict that the current equilibrium in the Bitcoin market will soon be disrupted due to the extremely low volatility and tight trading ranges.

Nansen Fires 30% of its Employees

Reading Time: < 1 minute CEO Alex Svanevik of blockchain data platform Nansen announced yesterday via Twitter that the company had to cut 30% of its staff due to what he referred to as a “brutal” year in terms of crypto markets.

UAE’s Central Bank Issues Guidance Regarding AML/CFT for Crypto

Reading Time: < 1 minute The Central Bank of the UAE (CBUAE) announced this morning new guidance in order to address the money laundering and combat the financing of terrorism (AML and CFT) measures for crypto businesses.

US DOJ Asks Bahamian Government Regarding Bankman-Fried’s New Charges

Reading Time: < 1 minute The U.S. Justice Department has requested a specialty waiver from the country to allow for parts of the case to move forward.