FTX Crypto Exchange Binance Competitor Files For Bankruptcy after distress.
The exchange went from a $32 billion value to insolvency in a matter of days. FTT has dropped by over 27% in the previous hour following the announcement.FTX has formally…
Coinbase layoff Over 60 Employees due to macroeconomic chaos
Just five months ago, Coinbase reduced its workforce by 18%. Armstrong said Coinbase is unaffected by the collapse of FTX or Alameda Research. Coinbase’s newest wave of layoffs is an…
Crypto Trading firm Genesis says Frozen Funds on FTX
Genesis Trading stored over $175 million in an FTX trading account. The Bahamas Securities Commission said that it had frozen the assets of FTX Digital Markets. Genesis Trading, the market…
Tornado Cash Sanctioned by U.S Treasury Yet Again
Tornado Cash developers, founders, DAO members, and users are not subject to sanctions.Public opinion is divided on the sanctions imposed on the project.The ideal mixing protocol, for Ethereum, Tornado Cash,…
Justin Sun Tron Founder Likely to Baill Out FTX
The Tron founder added that his staff is working with all TRX holders on FTX. The identical message has also been re-tweeted by FTX CEO Sam Bankman-Fried. FTX CEO Sam…
Facebook (Meta) Sacks 21,000 Employees. Read Mark Zuckerberg’s Message
Mark Zuckerberg just shared the following with Meta employees: Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of…
Coinbase in Germany Under Scrutiny by Financial Regulator BaFin
The regulator claimed to have discovered “organizational deficiencies” at the exchange. It showed inconsistencies in the way the company was run across all audited departments. BaFin, Germany’s Federal Financial Supervisory…
$3.15B Worth of Bitcoin Transferred to Exchanges last 2 days.
Bitcoin (BTC) surpassed the $20,000 barrier last week.The latest FTX-Binance crisis has also caused increased concern among investors.Volatility has returned to the crypto markets. Coinglass reports that in the last…
OpenSea NFT Marketplace Clears Stand on NFT Royalties
The marketplace that facilitated the purchase then pays the creator the royalties.OpenSea explained its policy on NFT royalties in a Twitter discussion. For each time one of an artist’s NFTs…
Binance review Terra Classic Burn for Monthly Basis
Binance has burned a total of 13.712 billion LUNC tokens so far. Binance modified the rules to burn LUNC once per month from weekly once. Binance has changed the frequency…