Adoption
Hacks
Osmosis team says ‘all losses will be covered’
Osmosis team acknowledged their responsibility and said they'll be working on the new update for at least another two days.
Partnerships
Citadel Securities, Virtu Financial team up to create crypto ecosystem
Citadel Securities and Virtu Financial are collaborating to create a crypto trading eco-system to enable brokerages to offer crypto transactions.
Adoption
PayPal launches crypto payment, transfer functionality for US users
U.S. based PayPal users are now able to transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash and Litecoin from wallets and exchanges as many prominent companies turn towards crypto payments.
Metaverse
Metaverse awareness has more than doubled in 6 months
A recent study shows metaverse awareness reached 74% in March, with a majority of participants agreeing that the metaverse is 'the future.'
Stablecoins
Circle announces USDC is arriving on Polygon
Circle announced it will start supporting Polygon USDC to spread USDC adoption and allow developers to automate flows from fiat into Polygon USDC.
NFTs
Hong Kong classifies NFTs as financial asset, mandates licensing
NFTs are subject to the SFC's regulatory remit in Hong Kong as they're shifting from collectibles to financial assets, which the authorities claim is very risky and requires licensing.
Analysis
Bitcoin narrowly dodges record 10 weeks in the red
Bitcoin closed the week at green for the first time since late March 2022, is this the beginning of an uptrend?
Mining
Objectors to New York’s mining ban say governments can’t dictate ‘valid use of energy’
Vitalik Buterin and Nic Carter offered opposing opinions to New York's mining ban, saying it's unjustifiable for governments to decide on acceptable uses of electricity.
Analysis
Bloomberg strategist says Bitcoin will hit $100K by 2025
The Senior Commodity Strategist at Bloomberg said Bitcoin will outperform all assets once the winter is over, and will hit $100 thousand by 2025.
Enterprise
Coinbase un-hires new recruits due to market conditions
Coinbase comes across as 'unprofessional' as it withdraws recent job offers and said it freezes hiring indefinitely.
Culture
Prominent crypto execs expect thousands of coins to perish
Executives of largest crypto companies commented on the current market and told CNBC that they expect thousands of currencies and blockchains to collapse in the near future.
Sports
NBA sponsorships hit record high of $1.6B on the back of crypto, tech deals
NBA sponsorships hit a record high thanks to crypto deals, reaching $1.6 billion in the 2021-22 season.