Anchorage Digital reduces staff by 20% over regulatory uncertainty
Crypto bank Anchorage Digital stated it would be letting go of 75 people, representing around 20% of its employment, citing regulatory uncertainty in the United States as a factor in its decision. Anchorage described the layoffs as “a strategic realignment to better focus our resources” in a March 14 statement, citing “broad macroeconomic challenges and […]
Binance will lose its provider for British pounds in 9 weeks
Binance is trying to find a new service partner to process British pound transactions on its trading platform after its present partner, Skrill Limited, stated that it would quit providing services to the crypto exchange in the near future. Binance informed “Binancians” in a March 13 email that Skrill would cease processing pound deposits and […]
Crypto and blockchain executives join CFTC tech advisory board
The technology advisory group aims to help the CFTC “identify and comprehend the ramifications and implications of technological innovation in financial services and markets.” The Commodities Futures Trading Commission (CFTC) has shown interest in the crypto and blockchain sectors by appointing numerous leaders from the industry to its new Technology Advisory Group (TAC). Christy Goldsmith […]
Bicasso, AI-powered NFT generator reaches 10K mints in 2.5 hours
Binance’s newly released artificial intelligence-powered nonfungible token (NFT) generator, Bicasso, has started producing digital art at full capacity, exceeding a cap of 10,000 NFT mints in just 2.5 hours after its debut. Binance, the world’s largest crypto exchange, unveiled an AI-powered NFT generator called “Bicasso” in beta on March 1. Binance CEO Changpeng Zhao told […]
Platypus Finance develops compensation platform for users
Platypus Finance, a DeFi protocol, has built a portal that allows users to see how much the platform owes them following the recent $9.1 million hack. On February 16, the DeFi protocol was attacked with a flash loan, causing the Platypus USD (USP) stablecoin to decouple from the US currency. At the time, Platypus disclosed […]