Chainalysis to Slash 15% of Staff in Second Round of Layoffs
Chainalysis, a New York-based blockchain analytics firm, has laid off 15% of its workforce, marking its second round of job cuts in the past 12 months For potential long-term growth, the company intends to reduce expenses, according to Bloomberg. Before the layoffs, Chainalysis had about 900 employees, and it now has 135 fewer. According to […]
Binance to Cease BUSD Lending Services by October 25
Cryptocurrency exchange Binance will stop offering borrowing and lending services for Binance USD (BUSD), its stablecoin. The exchange will close all open BUSD loan and collateral positions by the end of the month, according to the notice from October 3. Stablecoins like Tether USDT (tickers down $1.00), Dai, TrueUSD (TUSD), and USD Coin (USDC $1.00) […]
India Aims to Strengthen Crypto Crime Detection
India is reportedly developing a database containing information about global crypto exchanges, including those operating within the dark web. According to reports, India is creating a comprehensive worldwide database that includes all cryptocurrency exchanges, including those on the dark web, to help investigate crimes using cryptocurrencies. By the conclusion of the current fiscal year or […]
Ecosystem Developers Add Cosmos Network
Osmosis, the largest decentralized exchange on Cosmos with Nomic and Kujira will introduce Bitcoin BTC ($27,349) to the eponymous inter-blockchain communications (IBC) protocol. Users can transfer Bitcoin to the Cosmos network via Osmosis’ Nomic bridge for 1.5% of the transaction value, according to a statement made on October 3 during the Cosmoverse 2023 Conference. Then, […]
Binance Facing New Class Action Lawsuit
Another class action lawsuit against Binance Exchange and CEO Changpeng “CZ” Zhao is pending because of an unhealthy FTX game. Another class action lawsuit has been filed against cryptocurrency exchange Binance Holdings Ltd. and its CEO Changpeng ‘CZ’ Zhao, for allegedly contributing to the demise of its main rival, FTX Derivatives Exchange. According to a […]