Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) –…
Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage.
The government fears more Bitcoin miners could come online as Bitcoin’s price increases, applying increased stress to electricity grids.The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency…
Solana’s Phantom Wallet Hit by DDoS Attack, Services Temporarily Disabled.
The team declared that all assets in the Phantom wallet are secure. Until the vulnerability is resolved, Phantom has temporarily disabled several of its services. A Distributed Denial of Service…
UK Police Seized Bitcoin Worth Almost $1.8 Billion From $6.3 Billion China Investment Fraud.
The UK police previously seized 61,000 bitcoin said to be the proceeds of a large-scale Chinese wealth management scam.A Chinese-British woman, Jian Wen, is facing charges in London for allegedly…
Celsius Emerges Back Stronger With $3B Worth Crypto Distribution
Celsius Network emerges from bankruptcy, distributing $3 billion to creditors. Spot On Chain reports Celsius’ $156.5 million ETH deposit to Coinbase Prime. Celsius Network LLC, a prominent cryptocurrency lending platform,…
USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023.
A total of $5.4 billion is now in Tether’s surplus reserves, an increase of $2.2 billion.This is according to its latest attestation report by global auditing company BDO. Tether, the…
Ethereum Faces Downturn as Selling Pressure Erodes Recent Price Gains.
If the price manages to go below $2244 level, then it will likely test $2179 support level. At the time of writing, Ethereum is trading at $2270, down 1.56% in…
Ripple Hit by $112.5 Million Exploit: 213 Million XRP Stolen.
The criminals allegedly started a sophisticated money laundering operation post exploit. Chris Larsen detailed the extent of the breach and the measures to minimize its impact. ZachXBT, an on-chain independent…
FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts.
FTX pledges full customer reimbursement but announced no plan to restart the platform. FTX’s native token, FTT, surged then sharply declined in response to the restitution plans. FTX, the troubled…
Two Times in Two Months: Jack Dorsey’s Block Layoffs Staffs Again.
Block has laid off more employees in line with its goal to trim its workforce to 12,000 by the end of 2024. Block Inc., a fintech company co-founded by former…