Paxos Reportedly Downsizes Workforce by 20%.
Due to the job cuts, Paxos’ headcount now hovers between 200 and 300. Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by 65…
Andrew Tate and Iggy Azalea Accused of Insider Trading in Meme Coin Promotions.
Bubblemaps’ analysis shows a handful of wallets bought 30% of DADDY supply before Andrew Tate’s online promotion. Blockchain analytics platform Bubblemaps has alleged insider trading activity in the meme coin…
Privado ID becomes the latest project to spin out from Polygon Labs.
Polygon ID has been spun off from Polygon Labs as Privado ID, targeting the mainstream digital identity market. Privado ID follows the modular blockchain project Avail in spinning out of…
Terraform Labs Agrees To Pay $4.47 Billion Fine With SEC
This would mark the largest crypto-related fraud settlement in history. Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto…
Coinbase Surpass $1 Billion Ethereum Outflow, Largest of the Year.
Coinbase’s historic Ethereum outflow of more than $1 billion possibly is driven by whales or unidentified institutions. Coinbase saw the largest Ethereum outflow of the year, totaling over 336,000 ETH,…
US Spot Bitcoin ETFs Return to Inflows Amid Massive BTC Price Volatility.
Just over $100 million entered these financial vehicles on June 12. The spot Bitcoin ETFs started the current business week negatively, ending their longest streak in terms of inflows on…
Telegram-based crypto gaming ecosystem Pixelverse raised $5.5 million in order to fund continued growth.
The Telegram-based Pixelverse game, a tap-to-earn web3 title which recently launched, raised $5.5 million from a host of investors including Delphi Ventures, Merit Circle, and former Nexon CEO Joonmo (James)…
OKX Exchange confirms a few user accounts were drained via identity theft.
The global exchange said that an attacker forged “judicial documents” to obtain the personal information of some OKX users.OKX denied speculations that pointed to a security flaw in its verification…
Elon Musk Withdraws Lawsuit Against OpenAI’s CEO Sam Altman For Breach Of Contract.
A court filing revealed dismissal of the February lawsuit for breach of contract and fiduciary duty, before the San Francisco hearing. In a bizarre turn of events, Tech Mogul Elon…
Donald Trump: I Surely will advocate for bitcoin miners in White House.
Former U.S. President Donald Trump expressed support for bitcoin mining in a Tuesday night meeting with a number of bitcoin miners at Mar-a-Lago, according to a Bloomberg report. Trump, who…