Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine
Bitget, a cryptocurrency and derivatives exchange, stated on November 25 that it has registered in Seychelles, Africa, to accelerate its worldwide development. Bitget hopes to double its current workforce size of 800 employees by the end of the first quarter of 2023, reaching 1200 employees in total. The company is
CEO of Binance, Changpeng Zhao (CZ) recently posted a tweet that seemed to take place in Albania, where he met with Prime Minister Edi Rama and the team from RNS.ID, which bills itself as the first sovereignty-backed digital ID platform. It is unclear why CZ is in the southern European
User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.
Kraken’s CEO, Jesse Powell, recently stormed out over Binance, calling the exchange’s proof of reserves useless due to the absence of “proof-of-liabilities.” The bankruptcy papers of FTX’s clients revealed that FTX had leased out a significant portion of their assets before the exchange’s insolvency. Leading exchanges have been rushing to
Because of the widespread impact of FTX’s demise, several U.S. regulatory authorities are now looking into the crypto exchange and other centralized operators. According to Barron’s, regulators in many states are now looking into Genesis Global Capital. As per Alabama Securities Commission Director Joseph Borg, who spoke with Barron’s, “several
On Friday, Abu Dhabi-based cryptocurrency trading firm Hayvn said that it was contemplating making an offer to acquire FTX’s payments business, FTX Pay. Executives at Hayvn believe FTX Pay is a good fit for the Hayvn Pay system. Moreover, it has been claimed that FTX, now a defunct cryptocurrency exchange,
In a recent announcement, Binance said that it will no longer support trading pairings involving the SRM token issued by Serum including against the Binance exchange token (BNB), Bitcoin (BTC), and Tether’s stablecoin (USDT). Serum is the token used for governance on the decentralized Solana-based exchange backed by FTX and
The Merkle tree Proof of Reserves (PoR) protocol was just announced by Binance, the largest crypto exchange. To better show users where their money is going, Binance says this new function is a must-have. According to a recent tweet from WuBlockchain. The exchange plans to begin rolling out this capability
The WEMIX token, used on the WEMIX gaming platform, has been delisted from many major South Korean cryptocurrency exchanges. The cryptocurrency venture recently disclosed that it was receiving funding from corporations including software giant Microsoft. Furthermore, the token’s delisting date was declared by the Digital Asset Exchange Joint Consultative Body,
