Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California. PacWest Bancorp (PACW) stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community — with some asking if “the next banking…
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some “personnel adjustments” in the future. Source: https://cointelegraph.com/app/public/index.php/news/kucoin-denies-layoffs-staff-cuts-normal-process
A Tennessee husband and wife are facing charges over “Blessings of God Thru Crypto” — an allegedly fraudulent investment scheme that swindled at least $6 million from over 100 victims in just six months. A July 24 complaint from the Commodity Futures Trading Commission (CFTC) said Michael and Amanda Griffis used the connections they made in their real estate business…
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some “personnel adjustments” in the future. Source: https://cointelegraph.com/wp-content/plugins/ccx/index.php/news/kucoin-denies-layoffs-staff-cuts-normal-process
Professional basketball player and Miami Heat’s Jimmy Butler has asked to be dismissed from a class action lawsuit targeting celebrities involved in the alleged promotion of unregistered securities by Binance, saying tweets he appeared in did not promote the named securities. In a July 24 filing, Butler’s lawyers argued three tweets he appeared in promoting Binance between Feb. 2 and…
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some “personnel adjustments” in the future. Source: https://cointelegraph.com/public/index.php/news/kucoin-denies-layoffs-staff-cuts-normal-process
The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges. On July 21, the VASP-regulating law was inserted into the Gazette of the Republic of Namibia after previously being approved in Namibia’s National Assembly on July 6 and signed by President Hage…
Healthcare is going high-end boutique as the ultra-wealthy again flock to lavish biohacking clubs in pursuit of extreme life extension. Already a growing trend up until the pandemic, new biohacking gyms are popping up around the world. Forget partying at nightclubs—now the wealthy and well-connected are booking cryotherapy sessions and vampire facials with their crew. Elite clinics worldwide cater to…
Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis. Announced during a Chainalysis conference in Washington DC on July 25, the tie-up will see Chainalysis’ blockchain datasets, analytics software and training programs assist Deloitte’s clients with their crypto forensic, investigative and compliance needs. A Chainalysis spokesperson told Cointelegraph…
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “comple… Source: https://cointelegraph.com/public/index.php/news/judge-gives-prosecutors-discovery-case-against-alex-mashinsky
