Popular derivatives cryptocurrency exchange, Bybit has announced it will, unfortunately, have to lay off 30-percent of its active workforce. This is second layoff being done by Bybit with one layoff already done back in June 2022.
Myriad community members have reported they not able to withdraw from Coinlist, which is largest crypto crowdfunding platform. Reason given by Coinlist? Their custody partner is undergoing maintenance from past one week.
Metamask has announced that it will soon start collecting users’ IP addresses. It is probably required for future KYC / AML compliance. Let us enjoy the ride towards regulations, I do not know if that is good or bad, but it is probably inevitable. addresses.
Mario Nawfal has exposed unethical behavior by FTX and its founder, Sam Bankman in taking down the Celsius project. He says that before the Celsius addresses got frozen, Mario saw myriad coordinated attacks.
Kyber Network has announced its partnership with Lido Finance that will bring best wstETH liquidity to the Ethereum mainnet. Kyber Swap has already shown stellar results with their wstETH and stMATIC campaigns on three other blockchains, Polygon, Arbirtrium and Opitmism.
Rumors are brewing that Binance may not be coming to rescue FTX cryptocurrency exchange and its users. Poor books are to be blamed. This could be the black swan event in cryptocurrency space.
FTX cryptocurrency exchange has asked Binance for help, two competitors in the space and to protect users, Binance has signed a non binding LOI where they promise to take over FTX and help them in this liquidity crisis. In the meantime, price of FTX’s own token, FTT has absolutely crashed to new lows.
Binance Smart Chain is one of fastest chains out there, making it ideal for CBDCs – central bank digital currencies. Kazakstan Central Bank has announced that its CBDC will be integrated on the Binance Smart Chain.
TrueFi DAO has issued a default notice to Blockwater Technologies for non-payment of $3.4M restructured loan. Out of this loan, the default represents around 2-percent of total value of TrueFi’s DAO. Blockwater Technologies and NWH/Invictus loans represent a total of 0.25% TrueFi’s cryptocurrency loan originations. It shall be noted that this would have no effect of USDC, USDT and TUSD pools of TrueFi. Here’s screenshot of the loan that was taken on Ethereum blockchain around 155 days back.
Alex Mashinsky, CEO of Celsius Network has resigned, cashing out more than 82000 CEL tokens which at time of this article, amount to around $122,000. Celsius is now a bankrupt lender in world of cryptocurrencies but the company still has hopes. It has appointed their CFO as Chief Restructuring Officer and Interim CEO to bring the Celsius Network back on track.
