Category: Latest news

[ad_1] Tron (TRX) founder Justin Sun plans to lay off roughly 20% of Huobi’s staff, Reuters reported on Jan. 6. According to the report, the exchange is planning a “structural adjustment” expected to be completed within the first quarter. An internal memo from Sun described the move as a “short-term pain” that could bring more…

[ad_1] Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operations on Jan. 2; it was launched in June 2022 and operated for just over half a year. The author of the article, Kate Clark,…

[ad_1] South Korea’s largest crypto exchange UPbit said on Jan. 5 that it would list several fan tokens, including that of AC Milan (ACM), Atletico Madrid, Manchester City (CITY), Naples (NAP), Arsenal (AFC), Barcelona (BAR), and Inter Milan (INTER). The exchange said the initial tradings of the assets would be based on its users’ deposits,…

[ad_1] Layer 1 blockchain Fantom has received governance approval to allocate up to 15% of its transaction fees as revenue for developers building on the network. Currently, about 70% of transaction fees generated on the Fantom network are paid as revenue to validators, while 20% of the fees are burnt forever. In efforts to incentivize…

[ad_1] The governor of France’s central bank has advocated for stricter crypto licensing requirements, Bloomberg News reported Jan. 5. Bank of France governor Francois Villeroy de Galhau told Paris’ financial sector this week that France should enact regulations sooner rather than later. Villeroy de Galhau said during a speech: All the disorder in 2022 feeds…

[ad_1] Federal authorities in the U.S. are probing former FTX engineering director Nishad Singh, according to a Jan. 5 report from Bloomberg. That report suggests that if Manhattan prosecutors discover that Singh was involved in FTX’s mismanagement of funds, he could be charged before the end of January. Bloomberg was unable to determine whether Singh…

[ad_1] The biggest news in the cryptoverse for Jan. 5 saw two notable companies, Silvergate and Genesis, lay off a large portion of their staff. Meanwhile, authorities ordered the detention of Mango Markets hacker Avraham Eisenberg while the SEC took action against a scam called CoinDeal. Plus, new research about the behavior of Bitcoin whales.…

[ad_1] Crypto winter continues to hit the industry from all angles, forcing some of its biggest players to scale back their expansion plans resulting in layoffs. Approximately 23,600 employees lost jobs in the crypto sector as of Dec. 9, 2022. This figure represents the industry’s highest number of layoffs ever recorded within a year. As…

[ad_1] Glassnode data analyzed by CryptoSlate showed a divergence between super whales and retail, with the former remaining in aggressive accumulation mode going into the new year. Bitcoin Accumulation Trend Score The Accumulation Trend Score (ATS) looks at the relative size of entities that are actively accumulating or distributing their Bitcoin holdings. The ATS metric…

[ad_1] European Central Bank (ECB) Executive Board member Fabio Panetta published a post in the ECB blog emphasizing the need for regulations in the crypto industry. “We can’t afford to leave cryptos unregulated.” Crypto Concerns Panetta described unbacked crypto assets as speculative assets that lack any intrinsic value. Since investors only buy these assets to…