Mass layoffs continue to plague the crypto industry. San Francisco-based crypto exchange Kraken today announced that it is cutting roughly 1,100 employees, reducing its headcount by 30%. In a blog post, Kraken founder and outgoing CEO Jesse Powell shared his reasoning behind the most recent wave of layoffs, citing broader economic concerns and a crypto bear market that’s yet to…
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up 2.07% as of writing this. Near protocol also surged today, as prices rebounded from recent lows. Litecoin Litecoin (LTC) moved closer to a…
On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users’ funds remain secure. In a document dated Nov. 29, Secret Network wrote that users or developers required no action and that all active nodes were upgraded to correct the exploit on Nov. 2. 2/ You can read…
We’re thrilled to announce that we have added ten new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with zero gas fees.* We will continue to…
Today we’re announcing one of the hardest decisions at Kraken to date. We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market conditions. We are extremely grateful for the contributions of those impacted by today’s announcement and we’ll do our best to help them transition to their next opportunity. All impacted…
According to a new post on November 30, decentralized exchange (DEX) Uniswap announced that users can now trade nonfungible tokens, or NFTs, on its native protocol. As told by Uniswap, the function will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. “To bring users the first-rate experience they’ve…
Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens. Fantom’s FTM holdings up from 3% to 14% FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of…
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. During the interview, SBF discussed who he thinks may have hacked FTX and he further denied he had a backdoor installed to funnel funds between FTX and Alameda…
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions. Source: https://cointelegraph.com/news/illicit-cross-chain-transfers-expected-to-grow-to-10b-here-s-how-to-prevent-them
“I donated to both parties,” FTX founder and former CEO Sam Bankman-Fried said in an interview with Tiffany Fong published Tuesday. “I donated about the same amount to both parties.” Since the launch of FTX in 2019, Bankman-Fried has openly supported Democratic candidates. In 2020, Bankman-Fried was one of the largest donors to the campaign of now-President Joe Biden, with…
