Crypto

Bybit Plans Massive Layoffs to Remove Dead Weight to Face Crypto Winter

Cryptocurrency exchange Bybit plans to lay off up to 30% of its workforce saying that while the organisation’s size had grown exponentially, the pace of its overall business growth has lagged. According to an internal email by Ben Zhou, Co-founder

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Binance’s CZ Mocks Coinbase and Crypto.com as He Announces Hiring Spree

Cryptocurrency exchange Binance is hiring for 2000 open positions, according to its Chief Executive Officer Changpeng Zhao (CZ) in a tweet on Wednesday. This is in stark contrast to the other crypto exchanges announcing major layoffs, hiring freezes and even

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TripleA Raises US$4 Million in Funding From Razer’s zVentures

Crypto payments firm TripleA announced that it has secured US$4 million in funding from Razer’s corporate ventures arm, zVentures. Eric Barbier, Founder, and CEO of TripleA shares that “this strategic investor partnership with zVentures brings knowledge, connections and consultancy in

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Crypto.com to Lay Off 260 Employees as Market Condition Worsens

Crypto.com will lay off 5% of its workforce (approximately 260 of its employees) citing the market downturn as a reason. Kris Marszalek, CEO of Crypto.com took to Twitter to address the rumours about the layoffs saying the firm had to

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Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B

Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. Through this

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Binance Pay Picks TripleA as Its Global Cryptocurrency Payment Gateway

TripleA, a digital payment token licensee, has been selected as the global cryptocurrency payment gateway for Binance Pay. Binance Pay is the bridge between Binance, a cryptocurrency infrastructure provider, and the retail world. This partnership with TripleA gives merchants access

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Binance Labs Closes US$500 Million Fund to Drive Adoption of Web3, Blockchain

Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, announced the closing of a new US$500 million investment fund. The fund is supported by global institutional investors such as DST Global Partners, and Breyer Capital. Other major

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Coinhako Secures Full License to Offer Crypto Services

Singaporean cryptocurrency platform Coinhako announced that it has been granted a full license to provide Digital Payment Token (DPT) Services under the Payment Services Act (PSA) by the Monetary Authority of Singapore (MAS). Coinhako said in a statement that obtaining

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MAS’ Ravi Menon Lays out Expectations for Crypto Operators

Crypto service providers need to have the ability to manage the risks, said Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) at the Financial Times’ Crypto & Digital Assets Summit. He mentioned that there are four risks

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Indian Crypto Exchange CoinDCX Raises Over US$135 Million in Series D Fundraise

Temasek-backed Indian cryptocurrency exchange CoinDCX announced that it has raised over US$ 135 million in an oversubscribed Series D funding round. The round was led by Pantera and Steadview with strong participation from prominent investors like Kingsway, DraperDragon, Republic, and

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