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1 year, 9 months ago
Ledger Cuts 12% of Staff Amid Prolonged Crypto Winter
Ledger, a Paris-based cryptocurrency hardware wallet manufacturer, has announced a 12% reduction in its workforce due to macroeconomic headwinds and a prolonged bear market. The company had previously raised $109…
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1 year, 9 months agoCanadian Securities Administrators Clarify Interim Approach to Stablecoins
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to value-referenced crypto assets, with a particular focus on stablecoins. The CSA…
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1 year, 9 months agoStars Arena Dismisses Attackers After Patching Exploit
Stars Arena, a decentralized social media platform based on Avalanche, recently patched an exploit that saw attackers escape with $2,000. In response, the Stars Arena team dismissed what it called “coordinated F…
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1 year, 9 months agoEther Supply on Exchanges Hits 5-Year Low, Bitcoin Top Holders Control 66% of Supply
The amount of Ether (ETH) on cryptocurrency exchanges has dropped to its lowest since May 2018, with 10.66 million coins currently situated on centralized platforms. On the contrary, 115.88M ETH is now outside of…
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1 year, 9 months agoKraken Acquires Dutch Crypto Broker to Expand European Presence
Kraken, one of the world’s oldest crypto exchanges, is expanding its presence in Europe by acquiring Coin Meester B.V. (BCM), a Dutch crypto broker. The purchase will give Kraken a “sizable position in the Dut…
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1 year, 9 months agoElon Musk Calls for SEC Overhaul After Agency Sues Him
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission (SEC) after the regulator sued him for failing to testify in its probe relating to his $44 billion Twi…
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1 year, 9 months agoLedger Cuts 12% of Workforce Amid Crypto Industry Downturn
Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. Ledger’s CEO a…
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1 year, 9 months agoBinance Adjusts Tick Size for 25 Spot Trading Pairs, Delists 19 BUSD Pairs
Binance, the world’s largest cryptocurrency exchange, has announced plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. Additionally, the exchange will d…
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1 year, 9 months agoLedger to Lay Off 12% of Staff Despite Market Conditions
Ledger, a hardware wallet manufacturer, announced in a blog post on October 5 that it will lay off 12% of its staff due to macroeconomic headwinds. CEO Pascal Gauthier said that the company had prepared for the…
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1 year, 9 months agoFTX Customers Could Get Money Back Thanks to Early Investment in AI Startup
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is…
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1 year, 9 months agoBinance May Control $15.7 Billion in BNB Tokens: Report
An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for B…
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1 year, 9 months agoScammer Steals $385K in Ether Through SIM Swapping
A hacker has managed to steal 234 Ether (ETH) worth approximately $385,000 in less than 24 hours by manipulating the SIM cards of four Friend.Tech users. The victims reported that the scammer was able to switch…
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1 year, 9 months agoBond Market Sell-Off Continues as US NFP Data Looms; Shiba Memu Token Sale Thrives
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American…
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1 year, 9 months agoEl Salvador Launches First Local Bitcoin Mining Pool "Lava Pool
El Salvador has taken a major step forward in its ambition to use renewable energy sources for cryptocurrency mining by launching its first local Bitcoin mining pool, “Lava Pool”. Spearheaded by Volcano Energy in…
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1 year, 9 months agoLitecoin Bulls Line Up Ahead of Possible Breakout to $70
Litecoin (LTC) is currently trading at $64 and has seen a 1.5 percent rise in the last 7 days. The digital asset has been mirroring Bitcoin’s price movement and is looking to break out of the $70 local r…
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1 year, 9 months agoSEC Initiates Legal Proceedings Against Elon Musk for Non-Compliance with Subpoena
Elon Musk is facing legal proceedings from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena. The SEC is investigating whether Musk violated federal securities law with his…
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1 year, 9 months agoFTX Collapse: Former CTO Testifies in Criminal Trial of Ex-CEO SBF
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, testified in the criminal trial of former CEO Sam “SBF” Bankman-Fried on October 5. Wang admitted to committing cri…
