Hello, honeybees! Welcome to Web3 Buzz, the buzz-worthy newsletter for all your crypto needs. We're excited to announce that we have 786 new members joining our hive last week.
Here's what's creating a buzz in the crypto world:
Crypto Clash: IRS vs Kraken 💥
NFT major collection Selloff 📈
Wednesday Web3 Hiring 🧑💻
Singapore Bans Crypto Exchanges ❌
THE IRS VS KRAKEN: HERE WE GO AGAIN 😱
Uh-oh, crypto exchanges are having a rough time lately...
Kraken got slapped with a hefty $30M fine and had to wave goodbye to staking services.
SEC's got Coinbase in their legal crosshairs.
Binance (US) waved goodbye to their banking pals.
Now, guess who's next on the hit list? Yep, you got it - Kraken. They've been ordered by the big bad IRS to spill the beans on some customer deets.
**gulp**
Here's the deal: Kraken's gotta spill everything on users who traded over $20K in crypto between 2016 and 2020.
We're talkin' names, addresses, taxpayer IDs—the whole shebang. (Okay, okay, not the pet's name or childhood street)
Why this is a biggie: Kraken might be the first to face the music, but it's a safe bet others will follow suit.
Funny how these things play out, huh? Crazy times in crypto land...
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NFT MAJOR COLLECTION “AZUKI” SELLOFF 💸
The nonfungible-token market just took a wild ride as major collections stumbled, leaving investors scratching their heads about NFT value.
Azuki, one of the top NFT collections out there, faced a bumpy road. Its floor price plunged by over 60% in the past week, and other big names like Bored Ape Yacht Club, Mutant Ape Yacht Club, and Pudgy Penguins also dipped by 14% to 31%.
The chaos followed the launch of Azuki Elementals, a new collection that caused quite a stir. The community noticed the uncanny resemblance to an earlier Azuki release.
The result? $38 million raised during the initial sale, but also lots of questions and backlash.
The fallout: Collectors started offloading their Azuki, creating a ripple effect in the lending market. Loans defaulted across major NFT lending platforms, setting a new record.
But hey, it's not all doom and gloom!
The broader digital-asset market seems to be riding steady. Bitcoin's still hanging around that $30,000 mark.
Remember, every rollercoaster has its ups and downs. So hold on tight, NFT fans!
WEB3 HIRING FRENZY 💼
Welcome to another round of Web3 hiring, where we showcase companies crafting awesome stuff and looking for new talent.
These jobs will have your parents raising their eyebrows (in a good way) and feeling impressed, even if they're still puzzled about wtf you actually do...
Lead Software Engineer - Remote ($85K-$130K)
Senior Application Security Engineer: Remote ($170K-$290K)
Engineering Manager, Web - Remote ($220k-$240K)
Junior Frontend Engineer - Remote ($50k-$120K)
Full Stack Engineer - Remote ($80k-$170K)
P.S., - Are you trying to hire in Web3? Learn how to get your open jobs in front of 12k+ potential candidates here.
THE BUZZ REPORT: TOP STORIES 📰
Singapore bans crypto exchanges from offering lending and staking to retail investors.
Thailand follows suit, prohibiting crypto exchanges from providing lending services.
Solana co-founder suggests Ethereum as a layer-2 solution for SOL.
Slovakia slashes taxes on crypto.
Celsius approved to liquidate altcoins and distribute funds to creditors.
Buzz-worthy Meme 🐝
That's it, folks! Slide into our Twitter DMs for some juicy Web3 gossip. We're like a game night with pals - but with more memes, less drama, and zero burnt pizza @Web3summary.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.