Crypto Lender Geist Finance Shuts Down Permanently
Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit. This result has also been impacted by the need for proper valuation for Multichain assets due to the Chainlink oracles tracking genuine USDC, USDT, WBTC, or ETH values. Before the Multichain breach, the Fantom (FTM) network’s lending system Geist had […]
Binance Lays Off Over 1,000 Employees
Binance is reportedly laying off over 1,000 employees as part of a restructuring effort that could result in a reduction of more than a third. Ex-employees claim that job cuts affected customer service personnel worldwide, particularly in India. Over 1,000 workers at the exchange have lost their jobs as of this week’s layoffs. The projected […]
Coinbase Suspends Staking Services in Four US States
The US-based cryptocurrency exchange Coinbase has said it will temporarily bar consumers from staking new assets in four jurisdictions. Users in California, New Jersey, South Carolina , and Wisconsin will be able to access specific staking services further notice, according to a blog post published by Coinbase on July 14. Regulatory agencies in 10 U.S. […]