Binance, a cryptocurrency exchange, has announced today that it would facilitate the upgrade to Terra Classic (LUNC), a project that sprung from the defunct Terra ecosystem. The update is scheduled to take place this Saturday. The update will take place at epoch 15,029, or around 04:50 UTC on Saturday, after
The bankruptcy court supervising FTX’s case has allowed the troubled cryptocurrency exchange permission to liquidate some of its assets in an attempt to repay its creditors. According to paperwork submitted to the Delaware Bankruptcy Court. Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. LedgerX, Embed,
Adding to a terrible week of carnage throughout the shattered cryptocurrency sector, cryptocurrency brokerage Blockchain.com said it is laying off 28% of its staff, or around 110 people. About 150 employees lost their jobs in July as Blockchain.com dealt with a $270 million blow on loans it made to failing
Wyre, a cryptocurrency payment platform, has secured additional funding, allowing it to remove the 90% withdrawal cap it imposed earlier this week. The San Francisco fintech company stated on January 13 that it had acquired funding from a “strategic partner,” allowing it to resume business as usual, including taking deposits
In the beginning of the new year, 2023, Cardano is excited to share the upcoming development of its ecosystem. Yes, a custom-built sidechains toolkit is verified by Input Output Global (IOG) to enhance Cardano adding more security and scalability to its network. As it is evident that Cardano is a
Polygon Labs looks to be pressing through with plans to hard-fork the network early next week. According to a blog post published on Polygon’s website on Thursday. Despite a vigorous community discussion over the topic last month. Moreover, Polygon Labs said in its post that the hard fork, scheduled for
Poor market circumstances and recent industry developments, according to Crypto.com co-founder and CEO Kris Marszalek, have prompted a fresh round of layoffs that will lower the company’s worldwide workforce by another 20%. In a corporate update on January 13, Marszalek remarked: “Today we made the difficult decision to reduce our
According to reports, Republicans in the US House of Representatives propose to form a new subcommittee. This is to strengthen their control of the cryptocurrency sector. In an interview on Thursday, incoming Financial Services Chair Patrick McHenry, who has long focused on financial technology issues, asserted that he intends to
WonderFi, will provide access to decentralized and regulated centralized crypto platforms and is focused on defining the future of finance. And they revealed that it is in preliminary talks with another Canadian crypto exchange Coinsqure about a prospective merger. An official announcement is to issue in the coming days. Bloomberg
Reportedly, the Securities and Exchange Commission (SEC) of Thailand has begun looking into the troubled cryptocurrency exchange Zipmex. The latter’s compliance with local regulations on the sale of digital asset services and goods will be scrutinized by the regulator. Bloomberg reports that Thailand’s top financial regulator is to investigate insolvent
