Crypto news

Popular cryptocurrency exchange Huobi will lay off a significant portion of its workforce and cut the salaries of senior employees, according to Chinese reporter Colin Wu. Last month, the exchange debunked speculation that it would slash its headcount because of the high number of employees at the company. But people familiar with the matter have confirmed that Huobi will move forward with the plan while also cutting the paychecks of its senior executives. Huobi to Cancel...

Emiliano Grodzki has stepped down as CEO of leading Bitcoin mining firm Bitfarms, joining a long list of crypto executives who resigned from their positions amid the bear market this year. The mining company named Geoffrey Morphy as its new CEO, promoting him from his role as president and chief operating officer (COO). “Our foundational work over the last years built the strength and depth of skills we needed to navigate external factors. I’m even more optimistic today...

Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt cryptocurrency exchange FTX, has reportedly cashed out $684,000 worth of crypto assets despite court restrictions on spendings above $1,000. On-chain DeFi analyst BowTiedIguana took to Twitter to unravel the location where SBF transferred the funds. Following the Money Trail After Bankman-Fried’s $250 million bail last week, the FTX boss sent all the ether (ETH) in his public wallet to a new wallet...

The Vice President of Vidente, referred to as Mr. Park, was found dead in front of his house in southern Seoul. Vidente happens to be the largest shareholder of Bithumb Holdings Co., the firm behind the South Korean crypto exchange Bithumb. According to local news reports, Park was under investigation on charges of embezzlement and manipulation of stock price. The exec was also rumored to have been overseeing accounting for Kang Ji-Yeon and her brother Kang Jong-Hyun when he...

Last month, the Solana ecosystem was at the forefront of the FTX saga, taking a significant hit from the company’s bankruptcy filing. Since then, projects have left the network, while the native token lost a significant chunk of its USD value. Interestingly, the blockchain, once regarded as an “Ethereum Killer,” has received support from Ethereum co-founder Vitalik Buterin. In a Twitter post on December 29, Buterin said the recent events in the crypto industry had washed away...

Edward Snowden – the U.S. intelligence leaker now living in Moscow – hinted he has quite a few bitcoins to his name, and that he’s got enough to live on “until the f*cking sun dies.” How Much BTC Does Edward Snowden Own? Since he left the country, many entrepreneurs in Silicon Valley have been sending him bitcoin and crypto units so he could stay afloat. This has turned into a vast and considerable sum over the years, and Snowden appears to be living well thanks to the...

INTERNET CITY, DUBAI, Dec 30, 2022 – LBank Exchange, a global digital asset trading platform, has listed VISION OF BLOCKCHAIN (VOB) on December 30, 2022. For all users of LBank Exchange, the VOB/USDT trading pair is now officially available for trading. By providing a stable token economy and opportunities to generate profits worldwide, ONE BIT TEN creates a more advanced platform with its customized AI for trading solutions based on accurate information. Its native...

The last week of 2022 ends with a bang but not in terms of price action, which remains as dull as possible. However, it was marked by multiple events, so let’s dive in. First things first, Michael Saylor’s MicroStrategy seems far from being done with buying BTC. The company revealed another purchase of more than 2,000 bitcoins, bringing its total to more than 132K. It’s also worth noting, though, that the company also sold around 700 BTC for the first time ever – for tax...

A temporary outage of LBank’s trade platform in December sparked discussion among users about how exchanges should approach cloud hosting. LBank CEO Allen Wei addressed the issue during a Twitter Space AMA on December 26th. Why this matters: Veteran crypto exchanges like LBank are trying to uphold a long-standing reputation of seeing little service downtime and thwarting hackers. Driving the discussion: Alibaba Cloud, LBank’s Cloud Service Provider, experienced technical...

[PRESS RELEASE – Please Read Disclaimer] In early December, the cryptocurrency exchange MEXC announced that its futures business made a significant breakthrough in 2022, with an average daily trading volume growth of 1200%. This data can be verified from third-party public data. On December 20, CoinMarketCap’s data showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally. The main reason for the growth of...