Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • DZ Bank, the second-biggest bank in Germany, intends to launch a trial programme for retail cryptocurrency trading this year. The Frankfurt-based bank wants to offer the service to its more than 700 community banks.
  • Polygon Labs has reduced staff by 19%, as CEO Marc Boiron announced on his blog on Thursday. The layoffs announced on Thursday are similar to those that Polygon Laboratories made about a year ago when it let go of 20% of its workforce.
  • Tether’s assets are expected to reach $100B in 2023 after the company made a $6.2B profit. Tether’s most recent financial statements, which show the financial increase, demonstrate a calculated use of resources.
  • Sui Mainnet Explodes after Successful V1.17.3 Update. The ability to use the original transaction data during reviews is new in V1.17.3. The user experience is improved when database snapshots can be downloaded without permission.
  • JUP plunges by over 63% in the first day after launch. Jupiter team is under fire for allegedly self-allocating and withdrawing money too soon, endangering investor confidence. “Meow,” the founder of Jupiter, refutes accusations and promises a thorough post-launch analysis.
  • For institutional investors, ARK Invest has advised allocating a sizeable 19.4% of their portfolio to Bitcoin in order to optimise risk-adjusted returns. Compared to the meagre allocation of 0.5% envisaged in 2015, the anticipated allocation of 19.4% in 2023 is a big raise.
  • The closing of Open Exchange (OPNX), formerly Coinflex, is scheduled for February. The site is closing after serving as a centre for trading claims and cryptocurrency derivatives. The OPNX team recently sent out a note thanking its community and outlining important dates.
  • Widely ridiculed NFT Pixelmon raises $8 million, with Animoca Brands participating.
  • An announcement made public on Thursday by Valkyrie regarding their spot bitcoin exchange-traded fund states that BitGo has been enlisted as a custodian. According to Valkyrie, Coinbase Trust Company will continue to serve as a custodian.
  • Esports League for Overwatch Disallows crypto, NFT, and AI Sponsors The new Overwatch Champions Series from Blizzard rejects esports teams that are sponsored by AI and cryptocurrencies.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

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