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Business

Snapchat parent company sacks Web 3.0 team amid restructuring
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6 September, 2022

Snapchat parent company sacks Web 3.0 team amid restructuring

Snap Inc. is forgoing its ambition to create Web3-related products to focus on growing its community and revenue and immerse...
Singapore court rules Bithumb acquisition case in favor of exchange founder: report
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6 September, 2022

Singapore court rules Bithumb acquisition case in favor of exchange founder: report

After a years-long deliberation, former Bithumb chairman Lee Jeong-hoon won his lawsuit in Singapore against BK Medical Group chief Kim...
Coinbase-backed Rain Financial dismisses more employees as digital asset market slump continues
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6 September, 2022

Coinbase-backed Rain Financial dismisses more employees as digital asset market slump continues

The company cites the persisting price slump in the digital asset market with Rain's co-founder and CEO, noting that the...
Celsius wants to return $50M of customer funds, but there’s a catch
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5 September, 2022

Celsius wants to return $50M of customer funds, but there’s a catch

Celsius wants to only return funds to customers who hold assets in Custody and Withhold accounts, leaving out anyone who...
US authorities sought Binance internal docs on money laundering
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5 September, 2022

US authorities sought Binance internal docs on money laundering

An ongoing U.S. Department of Justice probe into whether Binance violated the Bank Secrecy Act sought internal records to determine...
Basel banking proposals on ‘crypto’ assets spell bad news for BTC bag holders—part 3
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5 September, 2022

Basel banking proposals on ‘crypto’ assets spell bad news for BTC bag holders—part 3

The hallmark of the proposals from the Basel Committee on Banking Supervision (BCBS) for the regulation and prudential treatment of...
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