Facebook Lets Its Algorithm To Decide – The Result? 60 Employees Are Fired!

Facebook is the latest major technology corporation to initiate mass layoffs, randomly selecting 60 contractual staff using an algorithm. The displaced contractors at Accenture’s Austin, Texas headquarters were informed of the decision in a Tuesday video call and were not provided a clear explanation as to why they will lose their positions, Business Insider reported […] дальше »

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CME Group plans to launch options on ETH futures prior to the Merge

The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge. дальше »

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South Korea to block 16 unregistered foreign crypto exchanges

South Korea’s Financial Services Commission (FSC) reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, news1 reported on August 18. дальше »

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Do Kwon hires lawyer in preparation for defense in South Korea

Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported August 17. The post Do Kwon hires lawyer in preparation for defense in South Korea appeared first on CryptoSlate. дальше »

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Celsius Network CEO Ran Trading Desk for Months, Report Reveals

Celsius Network CEO Alex Mashinsky took over the crypto lender's trading strategy operations in January, months before the platform filed for bankruptcy, reported the Financial Times. The post Celsius Network CEO Ran Trading Desk for Months, Report Reveals appeared first on BeInCrypto. дальше »

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This bitcoin mining stock is up big on Monday

Shares of Bitfarms Ltd (NASDAQ: BITF) are up more than 15% on Monday after the bitcoin mining company reported its financial results for the second quarter. Bitfarms Q2 financial highlights Net loss printed at $142 million versus the year-ago $4. дальше »

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Mailchimp Slams Door for Crypto Content Without Warning

Mailchimp, the largest email marketing company globally, has suspended its services to crypto content creators and several crypto firms have reported difficulty logging into their accounts starting early this week. дальше »

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Tornado Cash: TORN dips after reported developer arrest

Tornado Cash (TORN), a decentralised crypto mixer platform built on top of Ethereum (ETH/USD) has seen its price fall significantly over the past 24 hours following the arrest of Alexey Pertsev, a developer associated with the platform. дальше »

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Here’s why the Huobi Token price went parabolic and what next

Huobi Token price went parabolic on Friday after Bloomberg reported that the company’s founder… The post Here’s why the Huobi Token price went parabolic and what next appeared first on CoinJournal. дальше »

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South Korea's Financial Watchdog to Expedite New Crypto Rules: Report

The head of the country's Financial Services Commission said 13 bills related to virtual assets are to be debated in parliament, a local news outlet reported. дальше »

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Report Claims Ripple Labs Might Be Looking at Acquiring Celsius; Here’s What We Know

Reuters reported that Ripple Labs could potentially buy assets of the defunct cryptocurrency lender Celsius Network, citing a company representative. The post Report Claims Ripple Labs Might Be Looking at Acquiring Celsius; Here’s What We Know appeared first on BeInCrypto. дальше »

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Ripple shows interest in acquiring Celsius

Ripple Labs could be interested in buying the assets of embattled crypto lender Celsius Network, Reuters reported August 10. The post Ripple shows interest in acquiring Celsius appeared first on CryptoSlate. дальше »

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SEC, CFTC may seek crypto exposure reports from hedge funds

US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on August 10. The post SEC, CFTC may seek crypto exposure reports from hedge funds appeared first on CryptoSlate. дальше »

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В июле публичные майнеры продолжили ликвидацию биткоин-резервов

В июле публичные майнинговые компании продали 5767,9 BTC при совокупной добыче 3478 BTC, подсчитали эксперты Hashrate Index. CORRECTION:An earlier version of this article reported that Hive did not sell BTC last month. дальше »

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Telstra Report Unveils Ethereum Devs Remain Strong During Bear Market

Recent news reported the constant increase of developers in some renowned digital currencies, especially Ethereum. The effect has increased the Web3 community strength and is looking to maintain this course in the long run. дальше »

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Galaxy Digital Lost Over Half a Billion Dollars in Q2

Galaxy Digital Holdings released its financials Monday for the three- and six-month periods ending June 30, 2022. It reported more than half a billion dollars in losses in the second... дальше »

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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator. дальше »

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India freezes 64.67 crore ($8.1M) of WazirX’s funds for money laundering probe

India’s Enforcement Directorate (ED) has ordered the freeze of a WazirX bank account with Rs 64. 67 crore (roughly $8. 1 million) in connection with a money laundering investigation, IndiaToday reported August 5. дальше »

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Voyager secures court approval to refund $270M, says it received better offers than FTX bid

Struggling crypto lender Voyager Digital has been allowed to return its customer’s $270 million deposited with Metropolitan Commercial Bank, The Wall Street Journal reported on August 4. The post Voyager secures court approval to refund $270M, says it received better offers than FTX bid appeared first on CryptoSlate. дальше »

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Leak reveals SEC has open case on every US crypto exchange, not just Coinbase

A leak has revealed that the SEC is investigating not just Coinbase but all United States-based crypto exchanges and the world’s largest exchange by volume, Binance, Forbes reported on August 5. дальше »

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Pictet Group tells private banks to stay away from crypto

Amid the current market meltdown, Swiss wealth management firm Pictet Group is cautioning private banks against investing in crypto, Bloomberg News reported Aug 4. The post Pictet Group tells private banks to stay away from crypto appeared first on CryptoSlate. дальше »

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Senator Warren takes aim at changing rules on crypto offerings from banks

Senator Elizabeth Warren (D-Mass. ) is circulating a letter among her Senate colleagues that would withdraw legal guidance for banks holding and trading cryptocurrencies, Bloomberg News reported August 4. дальше »

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Virginia pension funds invest in crypto yield farming despite recent turmoil

Virginia’s Fairfax County Retirement Systems is set to invest its $6.8 billion pension fund in cryptocurrency yield farming to boost returns, the Financial Times reported on Aug 4. The post Virginia pension funds invest in crypto yield farming despite recent turmoil appeared first on CryptoSlate. дальше »

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Portuguese banks shut accounts of crypto exchanges

Banks in Portugal are closing the accounts of crypto exchanges in what seems to be a u-turn in the country’s pro-crypto policies, Bloomberg News reported on August 3. The post Portuguese banks shut accounts of crypto exchanges appeared first on CryptoSlate. дальше »

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Coinbase requests US Supreme Court intervention to stop ‘frivolous cases’

Coinbase wants the US Supreme Court to stop two lawsuits against it — which it considers “frivolous” — to allow room for arbitration, Bloomberg News reported on August 3. The post Coinbase requests US Supreme Court intervention to stop ‘frivolous cases’ appeared first on CryptoSlate. дальше »

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PwC Crypto Head Departs to Set Up $75M Digital Asset Fund in Dubai: Report

Big Four accounting firm PwC's crypto head has left his to set up a $75 million digital asset fund in Dubai, the Financial Times reported Thursday. дальше »

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Solana exploit related to imported Slope Finance wallets, private keys revealed

As initially reported by CryptoSlate early hours of Wednesday morning, a significant exploit has caused thousands of crypto wallets to be drained of funds. The post Solana exploit related to imported Slope Finance wallets, private keys revealed appeared first on CryptoSlate. дальше »

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NFTs.com domain name bought for $15M

The NFTs dot com domain name has been acquired for $15 million, making it the largest publicly reported domain name sale this year. The post NFTs.com domain name bought for $15M appeared first on CryptoSlate. дальше »

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Voyager CEO reportedly made $30M from stock sales

Voyager’s CEO Stephen Ehrlich made over $30 million when he sold the company shares when it was trading at its peak in 2021, CNBC reported August 3. The post Voyager CEO reportedly made $30M from stock sales appeared first on CryptoSlate. дальше »

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Billionaire Steven Cohen exits investment in quantitative trading startup Radkl

United States hedge fund manager Steven Cohen has pulled out his investment from crypto trading firm Radkl, Bloomberg News reported August 2. The post Billionaire Steven Cohen exits investment in quantitative trading startup Radkl appeared first on CryptoSlate. дальше »

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US Women’s Soccer League sponsorship funds from Voyager in jeopardy after bankruptcy

The funds promised to the United States National Women’s Soccer League (NWSL) players by Voyager Digital in a sponsorship deal may not materialize as the lender filed for bankruptcy, Sportico reported August 1. дальше »

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North Koreans reportedly targeting crypto jobs for insider access

Crypto thieves from North Korea are impersonating experts using fake resumes and identities, Bloomberg News reported August 1. The post North Koreans reportedly targeting crypto jobs for insider access appeared first on CryptoSlate. дальше »

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XRP’s mini breakout faces bear pressure as bullish momentum fades

Ripple reported a 50% jump in XRP sales in the second quarter The token…

The post XRP’s mini breakout faces bear pressure as bullish momentum fades appeared first on CoinJournal.

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Vauld gets three-month moratorium from Singapore High Court for protection against creditors

Crypto platform Vauld, which halted customer withdrawals last month, has secured protection against creditors for three months from the Singapore High Court, Bloomberg News reported August 1. The post Vauld gets three-month moratorium from Singapore High Court for protection against creditors appeared first on CryptoSlate. дальше »

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South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto

A foreign employee of South Korea-based Busan Bank stole roughly 1. 48 billion won of customer funds and invested the money in crypto assets like Bitcoin (BTC), local media reported on August 1. The post South Korea-based Busan Bank’s employee steals 1. дальше »

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Is mysterious Shiba Inu founder Ryoshi behind new project Dejitaru Tsuka?

Speculation is mounting that Shiba Inu founder Ryoshi is behind the new crypto project Dejitaru Tsuka, The Express reported on August 1. The post Is mysterious Shiba Inu founder Ryoshi behind new project Dejitaru Tsuka? appeared first on CryptoSlate. дальше »

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Hardware Wallet Maker Ledger in Talks to Raise Additional $100M: Report

Hardware wallet maker Ledger is seeking an additional $100 million in investment following its mammoth $380 million Series C funding last year, Bloomberg reported Monday. дальше »

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Zuckerberg Optimistic Metaverse Will Pick Despite $2B+ Quarterly Losses

Meta co-founder Mark Zuckerberg has expressed his confidence and defended the company’s metaverse investments despite the division recording a whopping $2. 8 billion in operating losses in the second quarter earnings reported in yesterday’s earnings conference. дальше »

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Crypto Biz: Elon Musk: The ultimate crypto tourist

Tesla's foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month. дальше »

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Babel lost over $280M trading with customer funds; wants to raise up to $300M

Embattled crypto lender Babel Finance lost over $280 million while trading with customer funds, The Block reported July 29, citing the firm’s restructuring proposal deck. The post Babel lost over $280M trading with customer funds; wants to raise up to $300M appeared first on CryptoSlate. дальше »

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Axie Infinity CEO moved funds to Binance before disclosing Ronin bridge hack

Axie Infinity CEO and co-founder Trung Nguyen moved $3 million worth of AXS tokens to Binance before disclosing the Ronin bridge exploit, Bloomberg News reported on July 28. The post Axie Infinity CEO moved funds to Binance before disclosing Ronin bridge hack appeared first on CryptoSlate. дальше »

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Bitcoin-GDP correlation may explain drop in price as US enters a technical recession

The Times reported that the US had entered a technical recession as GDP shrank 0.9% annually after the second-quarter report was released Thursday. The post Bitcoin-GDP correlation may explain drop in price as US enters a technical recession appeared first on CryptoSlate. дальше »

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US Treasury Department adds Kraken to investigations list for potential sanctions violations

The United States Treasury Department suspects that crypto exchange Kraken has violated the United States sanctions by allowing users from sanctioned regions to trade digital tokens and opened a federal investigation to reveal the truth, The New York Times reported. дальше »

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South Korean officials conclude week-long raid in Terra-LUNA case

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The post South Korean officials conclude week-long raid in Terra-LUNA case appeared first on CryptoSlate. дальше »

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U.S. Enters Recession Territory With Second-Quarter GDP Falling 0.9%

The U.S. has reported its second consecutive quarterly decline in Gross Domestic Product growth. U.S. GDP Shrinks by 0.9% The U.S. economy is in a technical recession. According to data... дальше »

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Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

Meta reported revenue of $452 million for the division, down from $695 million in the first quarter. дальше »

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South Korea issues notification of arrival for Terra’s Do Kwon

South Korean prosecutors have issued a “notification upon arrival” and travel ban on Terra’s founder and co-founder, Do Kwon, and Daniel Shin, South Korean news outlet donga reported on July 27. дальше »

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Cryptojacking in finance soared 269% in H1 2022

Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported. The post Cryptojacking in finance soared 269% in H1 2022 appeared first on CryptoSlate. дальше »

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Kraken Under Investigation for Alleged Sanctions Violations: Report

The Times reported that Kraken allegedly allowed Iranian users onto the platform. дальше »

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Tether’s $840M Celsius loan liquidation poses legal troubles

Tether’s (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26. дальше »

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