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Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil

As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even though some analysts suggest that the bottom might be in. On June 19, BitOasis,…

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South Korean Authorities Impose Departure Ban on One of Terra’s Main Designers: Report

Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team has banned a key Terra designer…

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Bitcoin Corrections Not Over Yet, Arthur Hayes Sees More Losses Incoming

After a record-breaking string of declines, the former BitMEX CEO – Arthur Hayes – has given yet another dire outlook on where crypto is headed. In the latest Twitter thread,…

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DeFi Protocol Bancor Pauses Impermanent Loss Protection Feature Amid Liquidity Crisis

Prominent DeFi protocol Bancor suspended its Impermanent Loss Protection program, citing “hostile market conditions” and “manipulative behavior” as the main causes behind the action. Assuring users and investors that it’s…

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