Binance, the world’s largest cryptocurrency exchange, is reportedly set to lay off thousands of employees as it faces a legal dispute with US regulators. The company’s CEO, Changpeng Zhao, acknowledged the layoffs but disputed the reported numbers of terminated staff members. According to the Wall Street Journal, Binance has already dismissed over 1,000 employees in
Crypto
US prosecutors have filed charges against Soufiance Oulahya, a Moroccan citizen currently in custody, for allegedly stealing cryptocurrencies and non-fungible tokens (NFTs) with a total value of $450,000 from a victim in Manhattan. Oulahya is accused of creating a fake OpenSea marketplace in 2021 to carry out the theft. Indictment Details According to the United
Multichain, a cross-chain router protocol that recently fell victim to hacking, has made the difficult decision to cease its operations. The company cited a dire lack of operational funds as the primary reason behind this unfortunate development. Furthermore, the whereabouts of Multichain’s CEO, Zhaojun, have become a cause for concern, as he is currently in
Renowned author and entrepreneur Robert Kiyosaki has expressed his continued support for bitcoin, gold, and silver as he warns of the consequences of the US government’s policies. In a recent tweet, Kiyosaki praised these three assets while highlighting the fact that the wealthy will continue to accumulate wealth. The US stock market indexes have seen
Attorneys representing Sam Bankman-Fried (SBF) have requested Judge Lewis Kaplan to issue an order allowing certain individuals to visit their client without the need for security checks. Although SBF is permitted to stay at his parents’ house, he is subject to strict restrictions that include wearing an electronic monitoring bracelet and having a security guard
The team behind Base, an Ethereum Layer 2 chain developed in collaboration with Optimism, has announced that its mainnet is now available for builders to deploy their products. To commemorate the early adopters of the ecosystem, Base will release a special NFT called the “Genesis Builder”. However, the team has clarified that it has no
London, United Kingdom, July 14th, 2023 – Shiba Memu, a revolutionary dog-themed memecoin, has experienced an overwhelming response during its presale, generating nearly $800,000 in just nine days. With a current purchase value of $798,000 worth of SHMU tokens, Shiba Memu is set to make a significant impact upon its official exchange launch. The core
Bybit, a leading cryptocurrency exchange, has officially announced the commencement of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ With a prize pool of up to $8 million worth of USDT, this event promises to be the most thrilling edition yet. Traders will also have the chance to win luxurious prizes, including
Coinbase, a leading cryptocurrency exchange, has announced the launch of a new feature for its self-custody wallet product called Coinbase Wallet. This feature allows users to engage in end-to-end encrypted messaging directly through their wallet. The primary objective is to provide users with full control and ownership over their identity and conversations, while also minimizing
The highly anticipated launch of Mr. Hankey Coin’s initial coin offering (ICO) is just hours away, generating a significant amount of excitement in the cryptocurrency world. Despite being announced earlier this week, news about the Mr. Hankey Coin ICO has rapidly spread across Web3, capturing the attention of prominent alpha investment groups and numerous crypto
Frankfurt, Germany, July 12th, 2023 – The presale for memecoin Alex The Doge (ALEX) is currently underway, attracting strong demand from the crypto community. This presale offers participants the opportunity to be part of the ALEX ecosystem from the beginning and stake their claim in the MiracleVerse. With its foundation on Polygon’s blockchain, Alex The
Coinbase, the popular cryptocurrency exchange, experienced a significant boost in its shares, reaching nearly $90, after Cboe Global Markets, the operator of the Chicago Board Options Exchange, filed amended applications for three spot Bitcoin exchange-traded funds (ETFs). These applications included surveillance-sharing agreements with Coinbase. Although the US Securities and Exchange Commission (SEC) has not yet
Bitfinex, one of the leading cryptocurrency exchanges, has released its latest Bitfinex Alpha report, offering valuable insights into the dynamic crypto market. In this week’s publication, it was revealed that the amount of unmoved bitcoin has reached an all-time high. This intriguing development can be attributed to the growing interest of institutional investors in the
Bitcoin and Ethereum are currently trading at lower prices on Binance.US compared to other global spot markets, presenting an attractive opportunity for market participants. Bitcoin, priced at nearly $27,500, is approximately $2,500 lower on Binance.US, while Ethereum is trading at $1,700, offering a $200 discount. This significant difference in prices has led crypto users to
Conor Grogan, the head of product at Coinbase, recently made an intriguing revelation. He found $322,000 worth of digital assets belonging to an individual who had no knowledge of their existence. These funds were transferred after Ethereum’s hard fork event in 2016. Grogan took to Twitter to announce his discovery, revealing that he has been
Portuguese soccer superstar Cristiano Ronaldo has recently unveiled his latest venture in the world of digital assets with the launch of his NFT collection titled “Forever CR7: The GOAT.” Available on the Binance NFT Marketplace, this collection showcases significant goalscoring moments from Ronaldo’s illustrious career. Last summer, Ronaldo partnered with Binance, the world’s largest cryptocurrency
Bitcoin’s price has recently experienced a surge and successfully surpassed the key resistance level of $30K. However, the market is currently going through a consolidation phase with some noteworthy signals emerging. On the daily chart, the price has repeatedly tested the $30K level since its breakout. While this level has provided support thus far, there
According to Reflexivity Research, Bitcoin’s performance this year is resembling that of its previous 4-year market cycles, indicating the potential beginning of another bull market. The market analysis firm recently released a report that explores the factors driving Bitcoin’s strong performance in the second quarter of the year. The report focuses on both market structure
Simon Hoadley, a retired financial advisor from East Sussex, UK, found himself caught in the clutches of a harrowing cryptocurrency scam that resulted in the loss of nearly $100,000. However, thanks to the efforts of legal experts, a significant portion of the funds were successfully recovered. Hoadley, seeking to supplement his income during the COVID-19
The journey towards the approval of a Bitcoin ETF has been a long and arduous one. The Winklevoss twins filed the first Bitcoin ETF application in 2013, but US regulators have yet to give their stamp of approval. However, the tides seem to be shifting as some of the biggest names in traditional finance have
Uniswap Labs has recently shared some exciting details about the progress of its highly anticipated v4 release. The team behind the decentralized finance (DeFi) powerhouse, Uniswap, has outlined three key milestones in the launch of this upcoming version. Barring any security issues or delays related to the Cancun hard fork and audit process, v4 is
The crypto market has witnessed a significant downturn in recent days, with Bitcoin (BTC) and several other cryptocurrencies experiencing a notable drop in prices. This unexpected turn of events has caused concern among traders, leading them to question whether the bullish momentum that has been driving the market is now coming to an end. Despite
The resurgence of memecoins may have waned, but the Shiba Inu token (SHIB) continues to capture attention. On July 5th, SHIB stood out among tokens with the highest transaction fees, indicating a surge in activity surrounding it. Recent data reveals significant growth in the SHIB network, further supporting a bullish outlook. Additionally, the supply of
Changpeng Zhao (CZ), the CEO of Binance, recently shed light on why the company dedicates time and resources to support cryptocurrencies and blockchains beyond its own developments. While CZ expressed optimism about the BNB Chain ecosystem, he emphasized that he personally advocates for Bitcoin (BTC). During an Ask Me Anything (AMA) session on Twitter, a
Verge ($XVG) has experienced an astonishing surge of 380%, leaving traders wondering if this momentum is sustainable or just temporary. However, Verge is not the only cryptocurrency that has caught the attention of traders. Wall Street Memes ($WSM) and Ecoterra ($ECOTERRA) have also emerged as significant players in the market. Verge, a decentralized and open-source
Ordinals developers are revolutionizing the way blockchain bloat caused by Bitcoin NFTs is managed, potentially slashing creation costs by 90%. The latest development in this field is BRC69, a groundbreaking standard proposed by Ordinals launchpad platform Luminex. The aim of BRC69 is to optimize the costs associated with inscribing on Bitcoin using the Ordinals protocol.
Nonfungible tokens (NFTs) have not rebounded to the same extent as the overall cryptocurrency market. Even the most prominent collections in the industry, like Yuga Labs’ Bored Ape Yacht Club (BAYC), have experienced substantial discounts. On July 3, Will Clemente, co-founder of Reflexivity Research, disclosed that BAYC’s value had dropped by 90% from its peak.