Sam Bankman-Fried Responds to CZ, Says FTX is Fine
Sam Bankman-Fried, CEO of FTX, has come out to allay fears about the state of the crypto exchange’s finances. Bankman-Fried said the platform has excess cash and clients’ funds are…
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Hive Blockchain Reveals No Debt Costs as it Holds 3,311 Bitcoin
Prominent Bitcoin miner Hive Blockchain revealed having 3,311 Bitcoin, worth more than $68 million, as of November 5, 2022. In its latest production report, the Canadian firm said it does…
Facebook Parent Meta Gears for Mass Layoffs Amidst Revenue Drop: WSJ
After Twitter’s mass layoffs caused a stir in the tech world, Meta appears to be following suit. According to a Wall Street Journal report, the owner of Facebook and Instagram…
FTT Drops 10% After Binance Vows to Dump Its Entire Stash of 23 Million FTX Tokens
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.” The statement made FTT…
Santander’s UK Branch to ‘Protect Customers’ by Blocking Crypto Exchange Deposits
The latest bank to clamp down on crypto in the UK is Santander. Over the weekend, it was reported that the retail bank is planning to block real-time payments to…
Would DeFi Have Fewer Failed Projects If It Had Better Regulation? (Opinion)
The decentralized finance industry has seen its fair share of incidents, either due to human error or otherwise. As a result, the call for regulation has never been louder, even…
Hacktober Finished With $657 Million Losses From Crypto Exploits
Last month was quite spooky for the crypto industry as it saw the highest number of DeFi hacks this year. While October was expected to be “Uptober,” it quickly turned…
These Crypto Companies Slashed Their Workforce Since the Market Crash in April
In the aftermath of the crypto winter, which erased billions of dollars from the industry after last year’s rally to an all-time high, many firms have significantly reduced their headcounts…
Over 50% of Americans Think Crypto is the Future of Finance: Grayscale Study
A recent Grayscale-backed study suggests more than half of Americans agree that “cryptocurrencies are the future of finance.” The sentiment appears to span across the political aisle, as both 59%…
IRS is Building Hundreds of Crypto Tax Evasion Cases
Hundreds of crypto-related cases are piling up at the Internal Revenue Service (IRS)’s Criminal Investigation division. According to division chief Jim Lee, many of these cases will be made public…
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