Huobi to Reportedly Lay Off at Least 30 of Staff Citing Sharp Revenue Drop
The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be...
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CoinFLEX Launches 47 Million Token Recovery Plan to Resume Withdrawals
Last week, cryptocurrency derivatives exchange CoinFLEX joined a growing list of digital asset platforms to halt withdrawals due to market uncertainty and issues with its counterparty....
Cryptoys Raises 23 Million to Mix NFTs, Gaming, and Virtual Toys
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs...
Celsius Network hires advisers ahead of potential bankruptcy
According to a Friday report from the Wall Street Journal, Celsius hired an unknown number of restructuring consultants from the firm Alvarez & Marsal to advise...
Rising energy prices force crypto miners to sell bitcoin at a discount
Publicly-listed companies are selling their mined tokens at a deep discount to repay bitcoin-backed loans and cover rising operating costs, which analysts told Insider could eventually...
Uniswap the world’s biggest decentralised crypto exchange is now generating more in user fees than Ethereum, the blockchain where it got its start
Over the last seven days, Uniswap’s average total user fees have grown to about $4.1 million, surpassing Ethereum’s $3.9 million, according to data tracker Crypto Fees....
Exmanager of Huobi exchange suspected of illegal trading
Police in Hong Kong have detained the former head of institutional clients at the Huobi exchange, Chen Boliang. He is suspected of illegal trading through a...
Exmanager of Huobi exchange suspected of illegal trading
Police in Hong Kong have detained the former head of institutional clients at the Huobi exchange, Chen Boliang. He is suspected of illegal trading through a...
Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to...
Solend Whale With a 108M Loan Nearly Crashed the Solana Network
Solend, a decentralized lending protocol on the Solana network, has narrowly avoided having 95% of the SOL deposits in its lending pool liquidated.At the center of...
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