Huobi confirms 20% layoffs, denies insolvency rumors
Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover. Go to Source Powered by WPeMatico
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Crypto lender Genesis lays off 30% more staff: Report
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role. Go to Source Powered by WPeMatico
What is institutional DeFi and how can banks benefit?
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies. Go to Source Powered by WPeMatico
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
Traders are piling into BONK, boosting its price by triple-digits in the last 24-hours and possibly hinting at a trend reversal in Solana price. Go to Source Powered by WPeMatico
Cake DeFi publishes Merkle tree-based Proof of Reserves
According to Cake DeFi, users can now verify both assets and liabilities through their website. Go to Source Powered by WPeMatico
Coinbase reaches $100M settlement with NY regulators
Regulators stated that the company had a backlog of 100,000 alerts about potential suspicious customer transactions. Go to Source Powered by WPeMatico
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market. Go to Source Powered by WPeMatico
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb. Go to Source Powered by WPeMatico
Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds
Both sides are facing financial headwinds, and Gemini was sued last week over money locked in its Earn program. Go to Source Powered by WPeMatico
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval. Go to Source Powered by WPeMatico