After hiring freeze, Coinbase lays off 1100 employees

After hiring freeze, Coinbase lays off 1100 employees

Coinbase, the largest cryptocurrency exchange in the United States, appears to be in dire straits as the exchange has laid off nearly 1,100 employees, and the situation is not looking good for the company. Coinbase lays off employees Coinbase had recently announced that it would freeze hiring processes following the onset of bear market and…

Binance responds to the investigation by Reuters; calls it ‘a false narrative’

Binance responds to the investigation by Reuters; calls it ‘a false narrative’

As the world’s largest crypto exchange, Binance, keeps the public awake with its stories and commentary amid the stagnant crypto market, it has refuted Reuters for its recent investigation. Binance responds to recent accusations from Reuters Interestingly, Reuters recently published an article titled “How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug…

Why is the SEC investigating Binance’s BNB token?

Why is the SEC investigating Binance’s BNB token?

The United States Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token. According to the report of Bloombergthe SEC is investigating whether the token’s initial coin offering (ICO) in 2017 was an unregistered security offering that should have been registered with the financial regulator. SEC probes Binance on BNB The BNB ICO was…

“More will be joining than leaving,” FTX has no plans to freeze hiring

“More will be joining than leaving,” FTX has no plans to freeze hiring

Sam Bankman-Fried (popularly known as SBF), the co-founder and CEO of FTX, a Bahamas-headquartered cryptocurrency exchange, revealed that the company has no plans to freezing his hiring process via a Twitter thread and went ahead to outline the hiring process followed by the trade. FTX has no plans to lay off employees In light of…

Binance reportedly handled $2.35 billion in illicit transactions

Binance reportedly handled $2.35 billion in illicit transactions

According to a Reuters investigation, Binance served as a gateway to launder at least $2.35 billion in illegal funds over the past five years. Binance processed $2.35 billion in illicit transactions In the report, Reuters calculated the figure based on a review of court documents, comments from law enforcement and blockchain data provided to the…

Binance Labs invests in PancakeSwap, the biggest Dapp on BNB Chain

Binance Labs invests in PancakeSwap, the biggest Dapp on BNB Chain

Binance Labs, the venture capital and incubation arm of Binance, the world’s largest cryptocurrency exchange, confirmed in a new statement that it has made a strategic investment in $CAKE, the utility and governance token of PancakeSwap, a decentralized cryptocurrency exchange. Binance Labs and PancakeSwap PancakeSwap is the largest Dapp in the BNB chain, which was…