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Crypto
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
"We are exploring a way to remove overlapping functions and build smaller but more agile teams to improve our efficiency," a Bybit spokesperson told CoinDesk. "Starting from this week, some of the functions and roles will be reviewed to…
Celsius crisis has no impact on USDT reserves
The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.Tether issued a statement on Monday regarding the major cryptocurrency…
Binance Labs Invests in DEX PancakeSwap; CAKE Jumps Nearly 10%
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Gov’t says crypto miners consume 2% of total electricity in Russia
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector,…
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report
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FTX CEO sees no future in Bitcoin payments, community fires back
Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community.During an interview with the Financial Times, Bankman-Fried…
First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled;…
Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for…
Ethan Lou shares experience of crypto conference in North Korea
When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country's crypto scene looked like. He encountered many surprises, including being introduced as a…
GPUs Get Cheaper as Ethereum’s Switch to PoS Gets Closer
GPU miners “are not really investing in new equipment at the moment, since prices have been high for a while,” and “most of them are likely waiting for when Ethereum moves to PoS, to buy up the second-hand GPUs” from those who will give up…
Github suspends accounts of Russian developers linked to sanctioned firms
Major developer platform Github has reportedly blocked more than a dozen accounts of Russian developer's associated with organizations sanctioned by the United States government. The sanctioned accounts include some of the largest banks in…