Nansen lays off 30% of its workforce
The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed.
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Beijing releases white paper for Web3 innovation and development
The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry.
Cronos Labs launches second cohort of $100M Web3 accelerator
On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.
Chinese city launches gov’t-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse.
Jack Dorsey’s TBD announces new Web5 toolkit
The Web5 toolkit aspires to put the control of data and identity into the hands of users.
Coinbase launches zero trading fee subscription service
Coinbase’s new subscription service, “Coinbase One," is expected to roll out across 35 countries in the near future.
Digital asset market shrinks as fund outflows reach $200M: CoinShares
According to CoinShares, digital asset investment products saw outflows totaling $54 million last week.
US strips Ethereum dev Virgil Griffith of export privileges for 10 years
The export privilege ban comes from Griffith’s conviction and further impacts his involvement in international trade and transactions.
Amazon implements AI to enhance logistics and delivery speeds
Amazon will reportedly use AI to minimize product-customer distance, highlighting its impact on transportation, product search and inventory.
Samsung to research South Korea’s CBDC for offline payments
The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank.
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