Business

India’s WazirX lays off 40% of workforce as trading volume plummets
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4 October, 2022

India’s WazirX lays off 40% of workforce as trading volume plummets

WazirX will lay off as many as 70 employees, many of whom were assured of their job security just months...
Celsius CEO Alex Mashinsky withdrew $10 million prior to account freeze
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4 October, 2022

Celsius CEO Alex Mashinsky withdrew $10 million prior to account freeze

Another controversy hits Celsius Network following a media outlet's exposé claiming that chief Alex Mashinsky had withdrawn $10 million from...
CFTC sues Ooki DAO founders: The myth of decentralization is coming unglued
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4 October, 2022

CFTC sues Ooki DAO founders: The myth of decentralization is coming unglued

Decentralization does not equate to having legal immunity, as seen in the suit faced by Ooki DAO, who's being pursued...
Kim Kardashian settles for $1.26M with SEC over EthereumMax promotion
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4 October, 2022

Kim Kardashian settles for $1.26M with SEC over EthereumMax promotion

The celebrity posted on Instagram an ad that promoted EthereumMax to her 250 million followers, failing to disclose that she...
UAE’s Ministry of Economy opens office in the metaverse
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4 October, 2022

UAE’s Ministry of Economy opens office in the metaverse

Abdulla bin Touq Al Marri, the country’s Minister of Economy, says legally-binding agreements can be signed in the metaverse, and...
Russia eyes use of digital ruble in transacting with China
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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...
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