Wed, July 23

KyberSwap Slashes Workforce by 50% Following $48.8M Exploit

In order to keep the firm’s commercial operations operating after its $48.8 million exploit in November, the team behind decentralized finance protocol KyberSwap has “regrettably” slashed its personnel by 50%. Kyber Network’s CEO Victor Tran stated: “Regrettably, we have also reduced our workforce by 50%. The decision to part ways

December 27, 2023 2 mins read

Grayscale Amends Bitcoin ETF Filing Amidst Barry Silbert Departure

Concurrent with Barry Silbert’s announcement of his departure from Grayscale’s board of directors, crypto asset management firm Grayscale filed an updated S-3 with the U.S securities regulator. Silbert is the CEO of Digital Currency Group, the business’s parent company. While the company waits for a judgment from the SEC, some

December 27, 2023 1 min read

Is MEXC Crypto Exchange Safe? Truth Behind the FUD

MEXC, a prominent crypto exchange, finds itself embroiled in controversy over purportedly freezing accounts and seizing funds. Reports circulating on social media platforms, notably X, highlight grievances from multiple users since mid-December. The situation escalated when a pseudonymous trader disclosed a staggering loss of $92,000 in Tether tokens. They reportedly

December 27, 2023 2 mins read

Cathie Wood Bullish on Solana. Will VC Interest Help SOL Flip ETH?

Ark Invest CEO Cathie Wood’s bullish stance on Solana resonates in the market. Wood emphasized the growing importance of smart contracts in the decentralized finance (DeFi) space, predicting that both Solana and Ethereum will thrive as smart contract networks. Also, she highlighted Solana’s competitive edge over Ethereum in terms of

December 27, 2023 2 mins read

Telcoin Pledges to Refund Users Post $1.2 Million Hack

A significant platform vulnerability was discovered at Telcoin, a developer of mobile-focused financial applications. Peckshield, a blockchain security business, and the Telcoin Discord community forum both acknowledged that the attack caused users to have over $1.2 million stolen from their accounts. As a result of a glitch with the company’s

December 27, 2023 1 min read

Crypto VC Investment Plummets 68% to $10.7 Billion in 2023

From $33.3 billion last year to $10.7 billion in 2023, venture capitalists (VC) put 68% less money into blockchain and cryptocurrency firms. With a decrease in the second half and an increase in November, the majority of these investments occurred in the first half of the year. One interesting trend

December 27, 2023 1 min read

Barry Silbert Steps Down from Grayscale’s Board of Directors

Notable executives at cryptocurrency investment business Grayscale Investments have resigned from their positions on the board. The company runs the Grayscale Bitcoin Trust. In its 8-K filing with the U.S SEC on December 26, Grayscale formally revealed that Barry Silbert, founder and CEO of Digital Currency Group (DCG), the parent

December 26, 2023 1 min read

Tether Mints $1 Billion USDT, Citing Inventory Replenishment

Another 1 billion USDT has been “authorized but not issued,” as stated by CEO Paolo Ardoino of Tether, the firm behind the stablecoin. Whale Alert, informed on December 25 via twitter that Tether Treasury has minted one billion USDT ($1 billion). The CEO of Tether, Ardoino, then issued a public

December 26, 2023 2 mins read
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