As the bad patch for crypto continues, more jobs are being lost. In the latest layoff cycle, Coinbase and ConsenSys have also announced staff cuts to weather bad times.
Author: Atiq Ur Rehman
Atiq Ur Rehman
Atiq is a Electronics Engineer with a passion for writing about disruptive technologies, including blockchain. With a deep understanding of the technical aspects of emerging technologies and their potential to transform industries, this author brings a unique perspective to the world of cryptocurrency and blockchain.
As the year 2022 has ended, we can now look at the full extent of security incidents that happened in the crypto sector. The latest SlowMist report records losses of $3.77 billion in hacks.
Huobi Global, a cryptocurrency exchange based in Singapore, is suspected of having deep internal troubles as disturbing news about the company are surfacing regularly. The recent layoffs announcement and the transfer of $100 million by Justin Sun to the exchange have added fuel to the fire.
Jiang Zhuoer, a Chinese miner, predicts that Ethereum (ETH) will lead the 2023 bull market as it will permanently leave the current price range between March to May 2023. Bitcoin is yet to face an 8-month bottom sideways period.
Avalanche NFTs have landed on e-commerce giant Shopify as merchants can now design, mint, and sell Avalanche-based non-fungible tokens directly from their stores.
Su Zhu and Kyle Davies, the founders of the crypto hedge fund Three Arrows Capital (3AC) have received court subpoenas through Twitter as liquidators claim they were unable to contact the pair.
The US crypto exchange Coinbase has agreed to pay a $50 million fine as it reaches a $100 million settlement with the New York Department of Financial Services (NYDFS) following an investigation into its compliance systems.
The US Securities and Exchange Commission (SEC), the U.S. Trustee within the Justice Department, and others have filed a motion that objects the Binance US’ plans to buy the bankrupt crypto lender Voyager Digital.
The year 2022 was terrible for Bitcoin and the mining industry, however, analysts are very optimistic about the BTC market in 2023. Adding to this optimism, Hashrate Index predicts that the Bitcoin bear market will come to an end as the new year ages.
The Securities Commission of the Bahamas (SCB) has rejected the FTX debtors’ claims over the worth of digital assets seized from FTX Bahamas and other allegations.