Crypto Firm Genesis Fires 20% of its Employees
The company has reduced the number of employees by 20% already this week.
Largest Bitcoin Miners Lose More Than $1B
The most affected companies are Core Scientific, Marathon and Riot, as their total losses have exceeded $1 billion since the collapse of the Terra ecosystem.
South Korean Authorities Ask Crypto Exchanges to Get Licensed Before September 24
Cryptocurrency exchanges operating in South Korea must obtain licenses by September 24 to operate legally in the country.
Uniswap Blocks 253 Addresses
Non-custodial crypto exchange Uniswap has blocked 253 front-end addresses associated with criminal transactions.
Hodlnaut Fires 80% of Staff to Cut Costs
Crypto lending platform Hodlnaut has recently fired a high number of employees.
Unstoppable Finance Attracts €12.5M
Venture capital company Lightspeed Venture Partners has just led €12.5 million Series A funding round for startup Unstoppable Finance.
SEC and CFTC Support New Reporting Requirement for Cryptocurrency Funds
The CFTC has approved a joint rule with the SEC that will oblige hedge funds with more than $500M in AUM to report risks associated with cryptocurrencies.
