Market
NFTs
Porsche NFT collection floor price collapses post-launch
Porsche faces backlash from crypto community, severely criticizing the expensive mint price and 'cash-grab' sales strategy.
Exchanges
Gemini sheds 10% of staff in 3rd layoffs in 8 months
Gemini co-founder Cameron Winklevoss blamed the latest layoff decision on "persistent negative macroeconomic conditions" and "unprecedented fraud."
Regulation
Australian Finance Minister says crypto could be regulated as financial product
Crypto lobby groups in the country have argued against the broad classification of all crypto assets as financial products.
NFTs
Axie Infinity AXS rises 42% despite imminent token unlock
Axie Infinity's average player numbers have dropped to a November 2020 low, according to Active Player data.
Lending
ByBit CEO clarifies Mirana exposure to bankrupt Genesis
Ben Zhao said Mirana's reported $151 million exposure was collateralized by around $120 million which has already been liquidated.
Crypto
CryptoSlate Daily wMarket Update: Crypto market unshaken despite Genesis bankruptcy
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Bankruptcy
Gemini co-founder threatens lawsuit against DCG, Barry Silbert
Cameron Winklevoss argued that Genesis' bankruptcy does not insulate Barry Silbert or DCG from accountability.
Investments
Cardano founder Charles Hoskinson confirms interest in CoinDesk acquisition
Hoskinson said CoinDesk appeared overpriced for its $200 million asking price, adding that he would decide after reviewing the firm's books.
NFTs
Donald Trump NFTs surge 133% to $570 in 24 hours
CoinGecko tied the floor price rise to reports of Trump's planned return to social media platforms Twitter and Facebook.
Crypto
CryptoSlate Daily wMarket Update: US DoJ crypto enforcement announcement sends Bitcoin below $21,000
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Regulation
Binance named among Bitzlato top 3 receiving counterparty
Binance was named as one of Bitzlato’s top three receiving counterparties, according to the US Treasury Financial Crimes Enforcement Network.
NFTs
Yuga Labs warn users about Mailchimp data breach
The NFT company said the compromised account had information from email campaigns that involved a "limited number of people."