Celsius Lays Off 150 Employees as Crypto Winter Deepens (Report)
According to a recent report, Celsius Network has fired about a quarter of its employees. This comes just days after the company issued a statement, reassuring once again that it’s…
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Bitcoin Dipped Below $19K: Crypto Eyes Another Red Week (Market Watch)
Bitcoin’s weekend continues to be calmer than the previous several days as the asset sits still around $19,000. The altcoins are in a similar position, with little-to-no significant movements from…
Ripple Launches $197,000 Hackathon for CBDC Interoperability and Financial Inclusion
San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail CBDCs,…
BlockFi Provides Details on Potential FTX Purchase
The two parties have updated the previous term sheet as FTX will raise its revolving credit facility to $400 million. Additionally, the crypto exchange has the option to acquire BlockFi…
KuCoin CEO Denies Insolvency Rumors and Exposure to LUNA, 3AC
The past few weeks have been particularly detrimental for the cryptocurrency industry as major market participants experienced massive challenges. One of the largest centralized lending platforms – Celsius – still…
Bitcoin Stalls Below $20K, Tezos Soars 7% (Weekend Watch)
Following the recent enhanced volatility, bitcoin has actually calmed and remains well below the coveted $20,000 line. Most alternative coins are also quite stagnant on a 24-hour scale, except for…
3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals
A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets…
DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull
The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam…
Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market
The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana…
CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion
The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth…
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