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.
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.
South Korean court has announced it has issued arrest warrants for Terra Luna founders and employees that include Do Kwon and Nicholas Platias. Red notice has also been sent to the Interpol and passports too, have been invalidated. So, there’s nowhere to run.
There are two BNB blockchains – smart chain and older chain called the beacon chain. The new update which happened on 2nd of September 2022 removed DEX feature from BNB beacon chain and thus, the biggest and most popular non-custodial wallet, Trust Wallet, has removed DEX page for the BNB beacon chain and its tokens.
If you’ve dabbled anywhere near the crypto space, or kept up with the news, you’ll be aware of blockchain technology. Its popularity has gone through the roof over the past few years, with practical use cases coming up.
A lot of users that used Phantom wallet or their Chrome extension suffered the most from the recent Solana hack. In this hack, millions of NFTs, Solana’s SOL coins, SPL tokens and stablecoins were stolen. A lot of users that lost wealth in this hack interacted with both mobile and desktop (chrome extension) variants of Phantom wallet.
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Celsius Network team has announced on twitter that a list of Celsius client email addresses was leaked by its employee and transferred them to 3rd party. The name of this 3rd party is not yet known.
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