Binance Intensifies its NFT Listing Process – Bitnation

The bankruptcy court has given crypto exchange Binance the initial nod to go ahead with the purchase of Voyager Digital.

Binance was recently named a counterparty to the unknown exchange Bitzlato, which is currently being investigated for alleged money laundering in the US. Regulators have accused Binance of aiding money laundering and have increased their scrutiny of the exchange. Crypto giant Binance has tightened its requirements for nonfungible token listings, according to a release shared on … Read more

ConsenSys Confirms 11% Job Cuts – Bitnation

ConsenSys Confirms 11% Job Cuts – Bitnation

ConsenSys joins a number of crypto firms, including Coinbase, in laying off employees. Affected employees are entitled to a generous severance package. Microsoft also announced on Wednesday that it would lay off 10,000 employees. Confirming recent rumors, the CEO of Ethereum development company ConsenSys, Joe Lubin, announced on Wednesday that the company will be laying off … Read more

Bill Gates is not the Biggest Web3 Fan – Bitnation

Bill Gates is not the Biggest Web3 Fan – Bitnation

Gates is still active at Microsoft despite not being the day-to-day CEO. Bill Gates has made it clear that he is not impressed with NFTs and cryptocurrencies, claiming the are based on the “greater fool” theory. Gates believes generative artificial intelligence mirrors the future of AI. While the concept of a Web3 seems appealing to … Read more

Binance Admits to Past Struggles with BUSD Peg – Bitnation

Binance

A Binance spokesperson claims the company has resolved the system flaw and that there was no redemption impact for users. Binance has emerged as a likely target of regulators, being the largest crypto platform by market share. Crypto exchange Binance confirmed on Tuesday that it previously had a flaw in its system that left the … Read more

Huobi Korea to Split from Parent Company. Details – Bitnation

Huobi

Leon Li, the cofounder of Huobi Global, holds more than half of the shares in Huobi Korea. Huobi Global recently announced plans to commence a 20% layoff in a bid to cut down on costs. Research firm Nansen revealed that Justin Sun recently transferred $100 million worth of stablecoins from crypto exchange Binance to Huobi. … Read more

Bankman-Fried’s Parents Suffer Online Threats – Bitnation

Bankman-Fried's Parents Suffer Online Threats – Bitnation

Bankman-Fried’s lawyers claim the FTX founder’s parents have been subject to threats and negative media coverage. SBF’s lawyers have asked the presiding judge not to publicize the names of two sureties to keep them from facing similar assaults. Bankman-Fried is expected to plead not guilty during his court appearance on Tuesday. Bankman-Fried’s legal team has … Read more

Turkey Embraces Blockchain for Online Public Service – Bitnation

Turkey Embraces Blockchain for Online Public Service – Bitnation

Cryptocurrency in Turkey is largely unregulated, despite not being used as a means of payment. Turkey plans to leverage blockchain technology to improve online security. According to a 2022 report, Turkey has more than 8 million crypto users. Turkey plans to adopt blockchain technology for its online public services login. Following the update, residents will be … Read more

Ankr Blames $5 Million Exploit on Former Employee – Bitnation

Team Finance

Ankr previously acknowledged that a stolen deployer key that was used to update the protocol’s smart contracts was behind the attack. However, it did not reveal how the deployer key was obtained at the time. The Ankr team, which on December 1 suffered a $5 million hack, has announced on its website that a former employee was responsible for … Read more

FTX Seeks the Return of Charities and Political Donations – Bitnation

FTX

Bankman-Fried gave generously to charities and launched the FTX Foundation and FTX Future Fund to advance his goals. Reclaiming payments made to charities and politicians is likely to be an easier part of FTX’s bankruptcy process. Former Representative Beto O’Rourke claimed to have returned a $1 million donation to Bankman-Fried a week before FTX filed for bankruptcy. … Read more

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