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Stablecoin Giant Paxos Shocks With 20% Workforce Slash
Paxos, a key player in the cryptocurrency industry, has caused a stir with an unexpected move. The company recently laid off approximately 20% of its staff, roughly 65 employees. This decision, however, appears to be part of a calculated gamble rather than a sign of financial distress. дальше »
2024-6-13 16:00 | |
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Paxos Cuts 20% of Staff: Reports
Bloomberg report says the company will have an increased focus on tokenization. дальше »
2024-6-14 13:01 | |
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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’
Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »
2024-6-13 04:00 | |
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Stablecoin issuer Paxos cuts 20% of workforce: report
Paxos has reportedly laid off roughly 20% of its staff, with this decision communicated to the affected employees via email on Tuesday. Crypto publication The Block reported on Wednesday that Paxos co-founder and CEO Charles Cascarilla wrote to employees to… дальше »
2024-6-13 22:57 | |
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South Korean bank staff embezzles $7.5m to invest in crypto
An employee of South Korea’s Woori Bank has confessed to the police of embezzling $7.3 million from the bank to fund personal crypto investments, most of which failed. According to reports from local news outlets, the employee who has not… дальше »
2024-6-13 12:36 | |
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House Appropriation budget aims to prevent SEC from implementing SAB 121
An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »
2024-6-5 02:05 | |
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House Appropriation bill targets SEC’s controversial SAB 121 amid budget talks
An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »
2024-6-5 02:05 | |
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SEC to Shutter Office Behind Failed DEBT Box Crypto Lawsuit
The Securities and Exchange Commission's Salt Lake City office – notorious in the crypto world for its failed fraud lawsuit against DEBT Box – will shut down after seeing "significant attrition" among its staff, some of whom were pushed out over the case. дальше »
2024-6-5 22:48 | |
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Presidential Veto Alert: Biden Blocks SAB 121 Overturn
US President Joe Biden has vetoed congressional resolution H. J. Res. 109, which seeks to repeal the US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121, a controversial guidance measure that is widely viewed as anti-crypto. дальше »
2024-6-1 11:50 | |
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Biden Vetoes Congress’ Pro-Crypto Resolution, Supports SEC Stance
President Joe Biden vetoed a Congressional resolution to overturn the SEC's Staff Accounting Bulletin No. 121 (SAB 121), showing his administration's commitment to strict financial regulations. дальше »
2024-6-1 10:05 | |
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Biden vetoes resolution to overturn of SEC’s controversial SAB 121
US President Joe Biden vetoed H. J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff. дальше »
2024-6-1 03:33 | |
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Lawmakers urge Biden administration to reconsider veto for SAB 121 repeal
A bipartisan coalition of lawmakers has urged the Biden Administration to abandon its plan to veto the Congressional proposal to repeal the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121). дальше »
2024-6-1 01:46 | |
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Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto
Patrick McHenry and Cynthia Lummis led lawmakers urging Biden to reconsider vetoing bipartisan CRA overturning SEC Staff Accounting Bulletin 121. The post Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto appeared first on Crypto Briefing. дальше »
2024-6-3 23:37 | |
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Former staff accuses Solana (SOL) memecoin generator of illegal activities
The Solana-based meme tokens generator Pump. fun has resumed operations after an exploit-triggered temporary halt. However, recent developments indicated that the network for memecoin launches could be facing massive troubles. дальше »
2024-5-21 15:07 | |
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Warren expresses support for SEC’s controversial SAB 121 bulletin
Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance. дальше »
2024-5-18 23:54 | |
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US lawmakers vote in favor of repealing controversial SEC accounting rules for crypto
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it. дальше »
2024-5-17 23:06 | |
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U.S. Senate joins House to overturn SEC’s crypto policy
The U. S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy. дальше »
2024-5-17 20:20 | |
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U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. дальше »
2024-5-19 19:49 | |
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US lawmaker calls on SEC to repeal crypto custody rule ahead of Senate vote
US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets. дальше »
2024-5-15 20:19 | |
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Biden administration to veto overturning of controversial SEC crypto rules
The Biden administration said on May 8 that it would veto H. J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system. дальше »
2024-5-9 23:02 | |
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LayerZero excludes staff from airdrop, collaborates with Nansen, Chaos Labs to enhance Sybil detection
LayerZero collaborates with Nansen and Chaos Labs for a sybil detection report, ensuring airdrop fairness by excluding employees. The post LayerZero excludes staff from airdrop, collaborates with Nansen, Chaos Labs to enhance Sybil detection appeared first on Crypto Briefing. дальше »
2024-5-8 03:33 | |
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SEC issues Wells Notice against Robinhood, crypto community calls it ‘scare tactics’
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. According to a filing, the Gary Gensler-led Commission staff has been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it. дальше »
2024-5-7 20:41 | |
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SEC Sends Wells Notice To Robinhood Over US Crypto Business, Shares Plunge 7%
In the latest episode of the ongoing regulatory crackdown on the cryptocurrency industry, crypto exchange Robinhood received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. дальше »
2024-5-6 16:09 | |
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Yuga Labs declares more layoffs as it embarks on restructuring program
Bored Ape Yacht Club (BAYC) developer Yuga Labs has kick-started a restructuring plan, which has led to more staff leaving the non-fungible tokens (NFTs) firm. Yuga Labs CEO Greg Solano confirmed the job cuts are part of transforming the company back to its roots. дальше »
2024-4-28 14:26 | |
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Former US IRS agent among Binance staff detained in Nigeria
The Nigerian government reportedly obtained a court warrant to detain Binance officials for at least twelve days after they insisted they should be taken to their respective countries’ embassies, local media outlet Premium Times reported on Mar. дальше »
2024-3-12 17:50 | |
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Monad Labs reportedly in talks with Paradigm to raise $200m for ‘Ethereum killer’
New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger. Monad Labs, a blockchain startup founded by former Jump Trading staff, is reportedly aiming to secure $200 million in funding and… дальше »
2024-3-12 10:35 | |
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Binance.US Faces SEC Probe Over Customer Asset Handling, Cuts Two-Thirds Of Staff
In the unfolding narrative of the protracted conflict between the US Securities and Exchange Commission (SEC) and Binance.US, regulatory scrutiny has reached a heightened intensity. Concerns raised by the SEC regarding the cryptocurrency exchange’s compliance with information requests have cast a looming shadow over Binance Holdings and its American counterpart, BAM Trading Services, which operates […] дальше »
2024-3-6 11:49 | |
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Hackers target Coinbase, Binance staff with phishing clones of Gmail, iCloud
Cybersecurity researchers have identified a new phishing toolkit dubbed CryptoChameleon, which targets employees of Coinbase, Binance, Gemini, and Kraken. A phishing campaign employing a new toolkit dubbed CryptoChameleon has emerged, targeting Federal Communications Commission (FCC) employees as well as staff… дальше »
2024-3-4 10:23 | |
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This Company Reportedly Just Slashed 30% of Its Web3 & NFT Team Amid Reorganization Plans
EBay reportedly cuts back the staff headcount in its NFT and Web3 department after other tech firms made similar cuts. The post This Company Reportedly Just Slashed 30% of Its Web3 & NFT Team Amid Reorganization Plans appeared first on BeInCrypto. дальше »
2024-2-20 17:45 | |
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eBay reportedly laid off staff at NFT marketplace KnownOrigin it acquired in 2022
E-commerce giant eBay is said to have cut 30% of staff at NFT marketplace KnownOrigin. As the NFT frenzy has cooled off, those who jumped on the bandwagon are now dealing with the consequences. Ebay has reportedly fired staff at… дальше »
2024-2-21 10:11 | |
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Binance introduces $5M reward to prevent corruption within the platform
In response to the crypto community about its listing process, Binance has revealed upcoming internal adjustments to prevent insider trading. Among other crucial changes, the exchange’s co-founder Yi He announced a bonus (between $10,000 and $5 million) for participants reporting corruption among the staff. дальше »
2024-2-7 11:24 | |
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Ripple Labs Plans $285 Million Share Repurchase In Response To Market Dynamics
Ripple Labs has unveiled its intention to conduct a share repurchase, or tender offer, valued at $285 million, targeting initial investors and staff members. This move places the company’s valuation at an impressive $11. дальше »
2024-1-15 02:15 | |
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NEAR Foundation to Lay Off 40% of Staff While New Web3 Careers Emerge
The NEAR Foundation is laying off 35 staff members, about 40% of its workforce, primarily from marketing, business development, and community teams, amid a restructuring effort. The post NEAR Foundation to Lay Off 40% of Staff While New Web3 Careers Emerge appeared first on BeInCrypto. дальше »
2024-1-11 19:44 | |
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India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 million transactions in a day on Dec. дальше »
2024-1-4 18:20 | |
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United Nations taps Algorand to develop blockchain training course for 22k employees
The United Nations Development Programme has partnered with Algorand Foundation to provide its staff with blockchain knowledge and insights. In a press release on Nov. 30, 2023 the Algorand Foundation has announced the launch of a blockchain academy to bolster… дальше »
2023-12-1 12:52 | |
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KyberSwap Hacker Demands Control of DEX in Exchange for Stolen Funds
Last Week's KyberSwap hacker has demanded full control of the protocol in exchange for a return of funds to staff and liqduity providers. The post KyberSwap Hacker Demands Control of DEX in Exchange for Stolen Funds appeared first on BeInCrypto. дальше »
2023-11-30 19:45 | |
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FTC enhances investigative procedures to deal with AI-related lawbreaking
The Federal Trade Commission unanimously approved a measure to streamline its staff’s ability to issue civil investigative demands in AI investigations while retaining its authority to determine when CIDs are issued. дальше »
2023-11-22 12:48 | |
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OpenAI Faces Massive Staff Departure: 75% Eyeing Sam Altman’s Microsoft Venture
Amid ongoing drama surrounding artificial intelligence (AI) company OpenAI and its co-founder Sam Altman, the biometric cryptocurrency Worldcoin (WDC) has suffered a nearly 5% drop. Reports suggest that Altman, the former executive of OpenAI, will be joining Microsoft, and many employees of OpenAI are considering following him to his new venture. OpenAI Board Faces Staff […] дальше »
2023-11-21 00:00 | |
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Interim OpenAI CEO Emmett Shear announces investigation as staff revolts against board
Emmett Shear, OpenAI’s new CEO, wants to investigate the happenings at the company that culminated in the removal of former CEO Sam Altman. In a Nov. 20 statement on social media platform X, Shear outlined a 30-day plan comprising three key objectives: restructuring the management and leadership team, investigating the reasons behind departures, and engaging […] The post Interim OpenAI CEO Emmett Shear announces investigation as staff revolts against board appeared first on CryptoSlate. дальше »
2023-11-20 20:45 | |
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