Crypto Lender Genesis Trading Cuts Workforce by 30%
Cryptocurrency lending platform Genesis Trading has announced it will lay off 35% of its staff.
Cryptocurrency lending platform Genesis Trading has announced it will lay off 35% of its staff.
The influx of funds into crypto-based funds over the past 12 months has hit its lowest level since 2018.
US regulators have warned the US banking sector against the risks associated with digital assets.
Some hackers have stolen around $8 million in crypto assets from the users of crypto wallet BitKeep.
According to the head of the Reserve Bank of India, a massive transition to digital currencies could trigger a global financial crisis.
The Central African Republic has put off the listing of its national digital currency Sango Coin until Q1 2023.
BlockFi has filed a petition with the Bankruptcy Court of the District of New Jersey to open the withdrawal of user funds from wallet accounts.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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