Crypto exchange Kraken, the second largest in the U.S., is laying off 30 percent of its workforce, its co-founder and CEO Jesse Powell said in a statement.
Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads
The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance.
Kraken crypto exchange lays off 30% of workforce
Kraken, one of the biggest and longest-standing crypto exchanges, said Wednesday it would be reducing its workforce by 30% or some 1,100 people. What's happening: The reduction would put the team size ...
Crypto Bank Silvergate Has a Defender in Wall Street. The Stock Market Isn’t Buying It.
Silvergate Capital's stock has slid more than 80% as contagion from FTX's collapse spreads. Analysts say the stock is misunderstood.
Binance enters Japanese crypto market with acquisition
TOKYO -- Cryptocurrency giant Binance has acquired Japan's Sakura Exchange BitCoin, the exchange operator announced on Wednesday, marking its official re-entry into the East Asian market. Binance did ...
Gravitas | Reports: Jack Ma is hiding out in Tokyo
Reports say Alibaba co-founder Jack Ma is hiding out in Tokyo along with his family. This comes after Xi Jinping blocked the IPO of Ma's Ant group and ordered Alibaba to sell off its media assets. Is ...
Binance poised for Japan expansion after buying local exchange Sakura
Binance’s sprawling empire is about to get bigger as it eyes expansion in Japan. The world’s largest crypto trading platform has acquired 100% of Sakura Exchange BitCoin for an undisclosed amount, a ...
Taylor: What we can learn from the great crypto meltdown of 2022
Celsius Network, a crypto brokerage, went bankrupt in July, reporting 20-to-1 leverage on its assets. Also that month, Voyager Digital, another crypto brokerage, went under, reporting a delinquent ...
Crypto firm BlockFi sues a Sam Bankman-Fried company over Robinhood shares
The lawsuit came the same day BlockFi filed for bankruptcy in the aftermath of the collapse of crypto exchange FTX.
Impoverished Crypto Bros Desperately Trying to Sell Luxury Cars
Used luxury cars are selling for way cheaper than ever as crypto continues to crashes, and some thing those two things are closely related.
Nigerian crypto startups are laying staff off to stay afloat
The crypto winter, marked by plunging bitcoin and ethereum prices, as well as the collapse of companies like FTX, Celsius, and Voyager, is now triggering layoffs at Nigerian crypto companies. At least ...
Crypto Hedge Funds Burned by FTX Seek Wall Street-Style Middlemen
Before it collapsed, FTX was a favorite in the world of professional crypto traders, with frenzied volumes, derivatives on steroids and a simpatico founder who got his start at storied Wall Street ...
What the FTX collapse means for the future of crypto: Real Vision’s Ash Bennington
Ash Bennington, senior host and crypto editor at Real Vision joins Yahoo Finance's Jared Blikre to break down the fallout in crypto from the downfall of Sam Bankman-Fried's FTX.
Hong Kong Crypto Exchange AAX Unlikely to Reopen, Former Comms Chief Says
Troubled Hong Kong crypto exchange AAX is now more likely to be unwound than resuming normal operations, its former head of communications Ben Caselin told CoinDesk TV Wednesday in his first interview ...
Crypto in Turkey: What’s driving mass-scale crypto adoption in this country?
The overall crypto industry has been going through a rough patch. Crypto prices have plunged anywhere between 65% to near 100% in some cases. Crypto based companies have either shut shop in the ...
EU’s MiCA Crypto Law Would Have Stopped FTX Malpractice, Officials Say
Upcoming European Union rules known as the Markets in Crypto Assets regulation (MiCA) would have stopped FTX-style mismanagement, officials said on Wednesday – despite lawmaker skepticism over whether ...