Coinbase Global (COIN) is laying off around 1,100 employees as part of a cost cutting plan, the company said in a filing on Tuesday. Coinbase initially said in May it was paring back its hiring plans and then later said it would rescind new job offers.The latest plan involves cutting the workforce by around 18% as of June 10, after which it will have around 5,000 total employees as of the end of the current quarter, the company said, adding that it expects the plan to be executed by the end o...

Coinbase Global (COIN) is laying off around 1,100 employees as part of a cost cutting plan, the company said in a filing on Tuesday. Coinbase initially said in May it was paring back its hiring plans and then later said it would rescind new job offers.The latest plan involves cutting the workforce by around 18% as of June 10, after which it will have around 5,000 total employees as of the end of the current quarter, the company said, adding that it expects the plan to be executed by the end o...

In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, various ministries of the Lithuanian government approved legal amendments to Anti-Money Laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be appr...

In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, various ministries of the Lithuanian government approved legal amendments to Anti-Money Laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be appr...

Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years. Numerous unconfirmed reports surfaced on Saturday, claiming Kwon’s participation in draining liquidity out of Luna Classic (LUNC) and TerraUSD Classic (USTC), before the crash to purchase United States dollar-pegged stablecoin such as Tether (USDT). Rumors about Kwon cashing out LUNA and UST reserves surfaced after a Twit...

Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years. Numerous unconfirmed reports surfaced on Saturday, claiming Kwon’s participation in draining liquidity out of Luna Classic (LUNC) and TerraUSD Classic (USTC), before the crash to purchase United States dollar-pegged stablecoin such as Tether (USDT). Rumors about Kwon cashing out LUNA and UST reserves surfaced after a Twit...

On June 11, 2022, Galaxy Night at Consensus, hosted by Project Galaxy and BNB Chain, will join forces to put on a sensational event during Consensus 2022. Taking place in Austin, Texas, the event will also exhibit NFT artwork from Zevi G and Pinkfong’s “Baby Shark.” The event will be produced by Nolcha Shows, marking its Consensus debut. Over the past 14 years, Nolcha Shows: NYFW has built an acclaimed platform of discovery, promoting cutting-edge, innovative talent through runway shows durin...

On June 11, 2022, Galaxy Night at Consensus, hosted by Project Galaxy and BNB Chain, will join forces to put on a sensational event during Consensus 2022. Taking place in Austin, Texas, the event will also exhibit NFT artwork from Zevi G and Pinkfong’s “Baby Shark.” The event will be produced by Nolcha Shows, marking its Consensus debut. Over the past 14 years, Nolcha Shows: NYFW has built an acclaimed platform of discovery, promoting cutting-edge, innovative talent through runway shows durin...

“History doesn’t repeat, but it often rhymes.” So said that great quote machine, Mark Twain. It seems like the perfect framing for the takeaways from this week’s historic Consensus 2022 festival in Austin, Texas, the first Consensus in Austin and our first in-person Consensus since 2019, following two years of a COVID-19 pandemic-induced online format. The past Consensus in which I’m seeing a rhyme is that of 2018, which was held in the Hilton Hotel in New York. Until this week’s massive 17,0...

“History doesn’t repeat, but it often rhymes.” So said that great quote machine, Mark Twain. It seems like the perfect framing for the takeaways from this week’s historic Consensus 2022 festival in Austin, Texas, the first Consensus in Austin and our first in-person Consensus since 2019, following two years of a COVID-19 pandemic-induced online format. The past Consensus in which I’m seeing a rhyme is that of 2018, which was held in the Hilton Hotel in New York. Until this week’s massive 17,0...

Imagine the amount of good that you could do working directly for some cause, versus the amount that you could do working on Wall Street and donating to it. In a lot of cases, you could probably actually help them out more with the donations. And so basically, I checked out Wall Street.Biography:At the relatively young age of 29, Sam Bankman-Fried runs the world’s fourth-largest cryptocurrency exchange by trade volume, FTX, and is also the CEO of billion-dollar crypto market maker Alameda Res...

Imagine the amount of good that you could do working directly for some cause, versus the amount that you could do working on Wall Street and donating to it. In a lot of cases, you could probably actually help them out more with the donations. And so basically, I checked out Wall Street.Biography:At the relatively young age of 29, Sam Bankman-Fried runs the world’s fourth-largest cryptocurrency exchange by trade volume, FTX, and is also the CEO of billion-dollar crypto market maker Alameda Res...

June 9, 2022 — OccamFi has announced its latest incubated project, Curl: a protocol developed by the Blueshift and OccamX teams. The Curl protocol addresses current shortcomings of liquidity fragmentation caused by bridges and layer-2 (L2) solutions to unleash decentralized finance’s (DeFi’s) deep liquidity. Curl enables the accommodation of synthetic liquid tokens in L2 solutions by combining unique liquidity pooling and issuing a homogenized synthetic asset that represents a weighted exposu...

June 9, 2022 — OccamFi has announced its latest incubated project, Curl: a protocol developed by the Blueshift and OccamX teams. The Curl protocol addresses current shortcomings of liquidity fragmentation caused by bridges and layer-2 (L2) solutions to unleash decentralized finance’s (DeFi’s) deep liquidity. Curl enables the accommodation of synthetic liquid tokens in L2 solutions by combining unique liquidity pooling and issuing a homogenized synthetic asset that represents a weighted exposu...

AUSTIN, Texas — How much ETH does Joseph Lubin, the founder of Ethereum incubator ConsenSys, hold? No one knows, and he’s not saying. “No, I wouldn’t disclose that personally,” Lubin, once called the “Daddy Warbucks” of Ethereum, said on stage at Consensus 2022. The brilliant researcher at Galaxy Digital (and former CoinDesk alumna) Christine Kim was the latest person to pose that question to Joe on stage in Austin, Texas. This article is excerpted from The Node, CoinDesk's daily roundup...

AUSTIN, Texas — How much ETH does Joseph Lubin, the founder of Ethereum incubator ConsenSys, hold? No one knows, and he’s not saying. “No, I wouldn’t disclose that personally,” Lubin, once called the “Daddy Warbucks” of Ethereum, said on stage at Consensus 2022. The brilliant researcher at Galaxy Digital (and former CoinDesk alumna) Christine Kim was the latest person to pose that question to Joe on stage in Austin, Texas. This article is excerpted from The Node, CoinDesk's daily roundup...

The United States equities markets tumbled on June 10 after the Consumer Price Index (CPI) report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in the key interest rate of 3% by the end of the year. Continuing its tight correlation with the S&P 500, Bitcoin (BTC) dipped below $30,000 on June 10. Analysts are still divided about the ne...

The United States equities markets tumbled on June 10 after the Consumer Price Index (CPI) report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in the key interest rate of 3% by the end of the year. Continuing its tight correlation with the S&P 500, Bitcoin (BTC) dipped below $30,000 on June 10. Analysts are still divided about the ne...

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due to its rumored liquidity crisis. According to the statement, Tether’s lending activity with Celsius has “always been overcollateralized” as with any other borrower and “has no impact” on the company’s reserves. Th...

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due to its rumored liquidity crisis. According to the statement, Tether’s lending activity with Celsius has “always been overcollateralized” as with any other borrower and “has no impact” on the company’s reserves. Th...

Ethereum layer-2 scaling solution Polygon has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving as the head of human resources and director for employee experience at Airbnb for the past five years, Srivastava arrives with an illustrious portfolio and plethora of experience from her work in Web2, having occupied senior roles at Adobe, Yahoo, Tesco PLC and Snapdeal. Srivastava’s appoin...

Ethereum layer-2 scaling solution Polygon has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving as the head of human resources and director for employee experience at Airbnb for the past five years, Srivastava arrives with an illustrious portfolio and plethora of experience from her work in Web2, having occupied senior roles at Adobe, Yahoo, Tesco PLC and Snapdeal. Srivastava’s appoin...

Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets in the Bloomberg Terminal. Product manager for cryptocurrencies at Bloomberg Alex Wenham suggested that as “the global institutional investor” community’s interest in digital assets continues to grow, they will need a way to “seamlessly incorporate digital assets into their workflows.” Bloomberg already had 10 cryptocurrencies i...

Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets in the Bloomberg Terminal. Product manager for cryptocurrencies at Bloomberg Alex Wenham suggested that as “the global institutional investor” community’s interest in digital assets continues to grow, they will need a way to “seamlessly incorporate digital assets into their workflows.” Bloomberg already had 10 cryptocurrencies i...