Silvergate Cuts Workforce, Sold Assets At Steep Loss
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees. In order to cover client withdrawals totaling $8.1 billion, Silvergate had to sell off its assets at a loss and reduce employees by 40% as a result of the FTX fiasco. The bank lost $718 […]
StarkNet overhauls Cairo programming language
Ethereum layer-2 scaling platform StarkNet has revamped its Cairo programming language to enable easier onboarding of new developers. Platform for layer-2 scalability on Ethereum To make Web3 programming more approachable for developers, StarkNet updated its internal Cairo code language. In a statement provided, Cairo 1.0’s improvements were described. Rust is a well-known programming language that […]
CME Group to launch three metaverse reference rates
Derivatives marketplace CME Group is planning to launch reference rates and real-time indices for three metaverse crypto assets. This will enable investors to track pricing data more accurately using a method that is frequently used in traditional finance. Axie Infinity (AXS), Chiliz (CHZ), and Decentraland (MANA) will all have reference rates available starting on January […]
US senator behind efforts to pass crypto bill won’t run for re-election
Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025. Stabenow stated in a Jan. 5 statement that she will serve out the remainder of her 6-year term in the Senate before “pass[ing] the torch” to other US representatives. The senator was one […]
Twitter hacker put 200M users’ private information up for grabs
200 million Twitter users’ private information was put for sale after a breach exposed 400 million users’ private information. The hacker who perpetrated the December breach had earlier made a demand of $200,000 from Twitter to return the stolen data, threatening to release the information for free if the demand was not met. The most […]