Ledger, a Paris-based cryptocurrency hardware wallet manufacturer, has announced a 12% reduction in its workforce due to macroeconomic headwinds and a prolonged bear market. The company had previously raised $109 million in a funding round to reach a valuation of around $1.4 billion. Ledger Chairman and CEO Paul Gauthier made the announcement in a letter […]
Stars Arena, a decentralized social media platform based on Avalanche, recently patched an exploit that saw attackers escape with $2,000. In response, the Stars Arena team dismissed what it called “coordinated FUD” and declared that they were “at war” with malicious actors.The exploit was caused by a vulnerability in the platform’s price function, which allowed […]
Kraken, one of the world’s oldest crypto exchanges, is expanding its presence in Europe by acquiring Coin Meester B.V. (BCM), a Dutch crypto broker. The purchase will give Kraken a “sizable position in the Dutch market” and benefit the broker’s clients. BCM supports over 170 digital assets and is one of the oldest brokers in […]
Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. Ledger’s CEO and Chairman, Pascal Gauthier, highlighted the need to make difficult decisions in the face of prevailing market conditions. Gauthier acknowledged the impact of […]
Binance, the world’s largest cryptocurrency exchange, has announced plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. Additionally, the exchange will delist 19 trading pairs on October 6, all involving BUSD. This follows Binance’s earlier announcement to discontinue support for the stablecoin, BUSD, next year. […]
Ledger, a hardware wallet manufacturer, announced in a blog post on October 5 that it will lay off 12% of its staff due to macroeconomic headwinds. CEO Pascal Gauthier said that the company had prepared for the bear market in early 2022 and had raised significant capital in the first two quarters of 2023. Gauthier […]
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is in talks to raise $2 billion in fresh funding. This comes days after Amazon announced plans to […]
An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for Binance Coin (BNB). According to the report, Binance founder and CEO Changpeng Zhao declared the ICO a success, claiming it had raised $15 million […]
Elon Musk is facing legal proceedings from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena. The SEC is investigating whether Musk violated federal securities law with his Twitter purchase last year. The regulator has requested Musk’s testimony to obtain information relevant to its investigation. Musk had agreed to testify […]
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, testified in the criminal trial of former CEO Sam “SBF” Bankman-Fried on October 5. Wang admitted to committing crimes with the help of Bankman-Fried, former Alameda Research CEO Caroline Ellison and former FTX engineering director Nishad Singh. Wang stated that Bankman-Fried was […]
