Goldman Sachs about to sack 3200 workers this week
Goldman Sachs will sack as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person…
Australian Crypto Exchange ‘Swyftx’ Abandons Crypto Earn Program.
Swyftx acknowledged that this choice might be “disappointing” for users.The exchange has said it may reintroduce it if the restrictions are simplified.In light of the “constantly changing regulatory landscape” for…
Binance Faces Intense Scrutiny by U.S Authorities Post Rival FTX Fall.
Reports surfaced last year linking the exchange to the Russian dark web marketplace. The multibillion-dollar collapse of FTX rocked the faith of investors.Prosecutors in the United States are investigating Binance’s…
Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’.
A $37 billion IPO by Ant Group in Hong Kong in 2020 was halted by Chinese authorities.The Chinese tycoon’s share of the company’s voting power will drop to around 6.2%.Jack…
Mycelium Liquidity Pool Suffers Loss Due to Issues With Price Feed.
The IP address of the protocol was blacklisted by the Binance API component.The Bitfinex API began publishing very fluctuating prices for the ETH/USDT pair.Mycelium, a Web3 ecosystem comprised of many…
NFT Marketplace SuperRare Lays Off Staff After Over Hiring
SuperRare CEO John Crain claims they made the mistake of overhired.SuperRare collected over $250M in digital art and $3M in artist royalties paid.SuperRare, a Non-Fungible Token (NFT) marketplace, has declared…
Justin Sun made Transfers $100M Stablecoins to Huobi Amid Large Withdrawals.
The funds transferred were held in USDT and USDC.Nansen reported that the last 24 hours accounted for $60.9 million.After hearing that the crypto exchange Huobi was laying off workers, Tron…
Huobi Experience $61 Million Net Outflows in 24 Hours.
Justin Sun said that 20% of Huobi’s workforce will be terminated.There was a depeg today in Justin Sun’s Tron’s USDD stablecoin.Net withdrawals from Huobi Global were $60.9 million in under…
Researchers in China claim 48-bit encryption was cracked with quantum computing.
In a scientific paper titled “Factoring integers with sublinear resources on a superconducting quantum processor,” a group of Chinese researchers claimed that they could crack RSA encryptions on phones, data…
Bitcoin Climb Toward $17000 on Positive US Job.
The primary cryptocurrency reacted with minor volatility heading north. The US continued to beat expectations in terms of new jobs added for the month of December, according to the Labor…