Yuga Laps Announces Restructuring, Plans to Lay off Staff
Yuga Labs announces a restructuring plan, including layoffs, to refocus on core crypto-native projects and streamline operations. Yuga Labs’ co-founder and CEO, Greg Solano, stated: “I am hellbent on transforming Yuga and getting us back to our roots, and that means making hard decisions.” In a note to the group, Solano stated that Yuga Labs had become disoriented […]
Phoenix Wallet to Terminate Services to US Clients
Phoenix Wallet, a Bitcoin (BTC) wallet made for Lightning transactions, stated that it will cease to provide services to citizens of the United States on May 3. Phoenix Wallet’s developer, ACINQ, intends to take the app down from American app stores on the specified date, so American users won’t be able to use it after […]
Wasabi Wallet Suspends US Users Following Money Laundering Case
ZkSNACKs, the developer of Wasabi Wallet, blocks US users, sparking speculation in the crypto community linked to Samourai Wallet’s founders’ arrest. ZkSNACKs, the developer of the privacy-preserving Bitcoin wallet Wasabi Wallet, has declared that access to its products and platforms will be denied to users from the United States until further notice. In the crypto […]
US Regulators Close Republic First Bank
US regulators shut down Republic First Bank, sparking debate in the crypto community as Bitcoin and altcoins experience a slight fall. United States regulators’ closure of the Philadelphia-based Republic First Bank represents the country’s first banking failure in 2024. The news has generated discussion within the cryptocurrency community, with Bitcoin and several alternative cryptocurrencies experiencing […]