Joe Lubin Says Consensys Workforce to Reduce by 20%
Consensys CEO Joe Lubin has verified that the company’s restructuring plan will affect 162 permanent employees. Consensys , a blockchain development firm, has initiated a significant restructuring of its operations, resulting in a personnel reduction of over 20%. The move has affected 162 employees, according to Joe Lubin, the CEO of Consensys and co-founder of […]
Paxos CEO Says Stablecoins are Needed for US dollar’s Future
Paxos CEO emphasized the importance of stablecoins in enhancing banking efficiency and preserving the global dominance of the US dollar in an open letter to Donald Trump and Kamala Harris. Charles Cascarilla, Paxos CEO, has written an open letter to the top presidential candidates in the United States. The letter encourages them to adopt stablecoins […]
Gemini Exchange Gets Pre Approval in Singapore
Gemini crypto exchange has been granted in-principle approval for a Major Payment Institution license in Singapore. Gemini , a cryptocurrency exchange, has been granted preliminary sanction by Singapore’s central bank to provide certain services. The Monetary Authority of Singapore (MAS) granted in-principle approval to the crypto exchange for a Major Payment Institution (MPI) license on […]
Truth Terminal Creators X Hacked: $600,000 Lost In Scam
The X account of Andy Arey, the creator of the Truth Terminal, was compromised, resulting in memecoin frauds as the scammer promoted scamming cryptos. The Truth Termina l, a well-known AI bot, has been causing a stir in the cryptocurrency market for several days. However, its creator was recently implicated in a memecoin fraud, resulting […]
Trust Wallet Recovers $1M in User Funds
Trust Wallet‘s Customer Support team successfully recovered assets valued at more than $90,000 USD in 2023. Even though blockchain networks are notoriously difficult to breach, cybercriminals continue to devise methods to manipulate users and projects to access their funds. The blockchain analysis firm Chainalysis reports that in 2023 alone, over $1 billion in cryptocurrency was […]