Coinbase sets to carry out second phase of staff layoffs
As part of its restructuring plan to cut operational costs amid the bear market, Coinbase crypto exchange is set to carry out a second phase of layoffs which will target about 20% of its entire workforce. On January 10, Coinbase CEO Brian Armstrong formally stated that the business will eliminate 950 positions as part of […]
Togg partners with Metaco for crypto custody and governance
Turkish automaker Togg has partnered with digital assets custodian Metaco for the latter to help safeguard its digital assets custody and open mobility ecosystem based on Avalanche. For consumers in Turkey and Europe, Togg’s mobility-as-a-service platform seeks to enable use cases driven by smart contracts, such as tokenization of mobility services, CO2 footprint analysis, and […]
Nigeria to launch stablecoins, ICOs legal framework
Nigeria has expressed willingness to allow the existence of private stablecoins in the country with its most recent central bank policy document noting the need to establish a legal framework for stablecoins. The Central Bank of Nigeria (CBN) research, titled “Nigeria Payments System Vision 2025,” is 83 pages long and examines the creation of a […]