DeFi network Radix team cuts 15% of staff, citing need to ‘refocus’
Piers Ridyard, the CEO of RDX Works said the cuts are part of a “more comprehensive set of changes that need to be made.”
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Global Debt Reaches New Highs — Is BTC a Solution or a Beneficiary?
Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP.This has set off alarm bells. After all, the projected year-end amount of $255 trillion is equal to $32,500 for each person on…

Boomer brand changes NYSE ticker from ‘ETH’, acknowledging crypto’s ascendancy
New York Stock Exchange (NYSE) listed company Ethan Allen Interiors Inc. has changed its ticker from “ETH” to “ETD” to avoid confusion with Ethereum. 756 Total views 41 Total shares Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE) listed company changing its…

The Stablecoins Movement — Toward Stability in Crypto Assets
Stablecoins have become widely popular in the digital currency industry because they don’t have the volatility associated with other cryptos like Bitcoin (BTC) for instance. Despite their popularity, the first wave of crypto assets — of which Bitcoin is the most popular — is failing as a reliable means of payment or store of value…

Polygon Studios’ Ryan Watt talks Web3’s core principles and fairer internet
The year 2022 in crypto was eventful in many ways. However, the negative impacts of a bear market dampened the excitement around the blockchain upgrades that significantly brought crypto ecosystems closer to the future of finance.For Bitcoin, it was the Taproot soft fork upgrade, which was aimed at improving the scripting capabilities and privacy of…

Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. 861 Total views 6 Total shares A Californian congresswoman has written to Speaker Nancy Pelosi expressing concerns about the controversial new mandate for crypto tax reporting.Anna Eshoo, who represents California's 18th Congressional District, penned a letter to the Democratic party…

China Launches Licensed Blockchain ‘Pilot Zone’ to Further Tech Usage
China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone” Monday, Oct. 8, China’s official state-run press agency Xinhua reports.With its base at the Hainan Resort Software Community (RSC), a dedicated tech space and software park, the pilot zone incorporates several partnerships, chief among which are a blockchain research institute…

Aptos network integrates Nillion for privacy-preserving apps
Aptos will be able to support confidential DeFi, private AI assistants and more.

Nearly half of crypto users invest to boost living standards: Report
A survey from crypto exchange Bitget featured more than 1,500 respondents across 20 countries. 180 Total views 12 Total shares Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards.According to a new survey by crypto exchange Bitget published on October 5, 46%, 44%, and 41% of respondents in