Investments in Crypto Businesses Cut by Half in 2022
Compared to 2021, capital investments in the crypto business over the past 12 months have fallen by more than 40% to $21.6 billion.
Coinbase to Lay Off 20% of its Employees in New Cost Optimization Round
US crypto company Coinbase plans to reduce the number of employees by another 20% as part of the second wave of business optimization.
Users Are Massively Withdrawing Assets from Binance: Media
Crypto exchange Binance has experienced a significant outflow of assets.
CFTC Files Lawsuit Against Mango Markets Hacker
The US Commodity Futures Trading Commission (CFTC) has charged Abraham Eisenberg with fraud and market manipulation.
BitDAO Launches Mantle Public Testnet
Decentralized Autonomous Organization BitDAO has just announced the launch of a public testnet of Mantle.
France’s Financial Regulator Advocates Increased Control of Crypto Companies
The French authorities are increasing their control over companies that provide services for the storage and exchange of digital currencies.
US Authorities Confiscate Robinhood Shares Owned by Sam Bankman-Fried
The US DJ has announced that it has confiscated 55,273,469 shares of online broker Robinhood in the case against FTX founder Sam Bankman-Fried.
Crypto Industry Lost $3.6 Billion Last Year in Hacker Attacks
The damage to the Web3 industry from 167 major attacks amounted to about $3.6 billion last year.
Core Scientific Mined Almost 2,800 Bitcoins in 2 Months
Mining firm Core Scientific mined 1,356 BTC and 1,435 BTC in November and December 2022, respectively.
Mexico Puts Off Launch of its National Digital Currency
The Central bank of Mexico, Banxico, has said that the development of the country’s CBDC is still in the initial phase and unlikely to meet its 2024 launch date.
Court Filings: FTX Spent About $40M on Hotels and Food
Crypto derivatives exchange FTX, which filed for bankruptcy in November 2022, spent around $40M on luxury hotels and accommodation, among other things.
Mastercard Teams Up with Blockchain Project Polygon to Launch a Web3 Program for Artists
Payments company Mastercard has entered into a partnership with blockchain project Polygon.
