In a suit filed in Delaware on August 4, Donald Kocher accused former and current Coinbase officers of "breaches of fiduciary duties, unjust enrichment, abuse of control and gross mismanagement."
Launched in 2018, Binance Labs focuses on "early-stage projects in key verticals," which includes Polygon, FTX, Certik, Axie Infinity, Kava, and Dune Analytics.
The cuts will reduce overheads by up to 60%, CoinFLEX says, further hinting at acquisition possibility even as its $84 million dispute with Roger Ver continues.
The Enforcement Directorate says that some of the transactions between the two are “cloaked in mystery” and could possibly have violated foreign exchange laws.
The Federal Reserve and FDIC claim that Voyager made "false and misleading statements, directly or by implication, concerning Voyager's deposit insurance status."
The BoA report recognizes that Ethereum is losing credibility, devs are leaving en masse, and it won't have a future outside of being a hobby blockchain if it doesn't deliver its scaling promises.
The U.K. national is detained in Saudi under the request of the U.S. government after they were identified as having partnered with Ethereum developer Virgil Griffith to organize a North Korea event.
The protracted collapse of Three Arrows Capital (3AC) is being treated a sign of great sickness within the digital asset industry—and it should be.
The news comes days after U.S. Attorneys in the Southern District of New York announced charges on former Coinbase product manager Ishan Wahi and two other men over an alleged insider trading scheme.
Zhao’s defamation lawsuit is a response to Modern Media Company’s publishing of the 250th issue of Bloomberg Businessweek, which led with the title “Changpeng Zhao’s Ponzi Scheme.”
A source with insider knowledge told TechCrunch that the exchange plans to cut down from 950 employees to 800 in a move aimed at “extreme cost-cutting.”