Cryptocurrency Analysis and News Portal
Sequoia told investors earlier in the year that it would shrink the fund to reflect a changed market, with the crypto fund focusing more on backing newer startups following the crypto downturn that has reduced chances to invest in larger companies, according to the Journal. Source
Read More
Around the same time, China's ruling Communist Party's 24-member Politburo — its top decision-making body, led by President Xi Jinping – said the country's economy is facing new difficulties and the economic recovery will be challenging. Early this year, analysts widely cited China's reopening of its economy as a major
Read More
Changpeng “CZ” Zhao, Binance’s CEO, however, told workers in a company meeting on Friday that Binance was still profitable and had not been impacted by the recent lawsuit against it by the U.S. Securities and Exchange Commission, according to attendees at the meeting that spoke to the Journal. He did
Read More
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported. Source
Read More
Ryan Salame, who was FTX's co-chief executive of its Bahamas-based unit, is being investigated for potentially illegally avoiding federal limits on contributions to Michelle Bond's campaign for the Republican primary for New York's 1st congressional district, according to the report, citing people familiar with the matter. Source
Read More
The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a
Read More
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation. Original Source
Read More
The CFTC's lawsuit against Binance and CEO Changpeng Zhao noted at least three U.S.-based quantitative firms that were active on the exchange. Source
Read More
Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction. Original Source
Read More
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend. Source
Read More