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USDC issuer Circle to increase staff by up to 25% amid layoff season

The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger.
Cryptocurrency

Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit

The defendants pointed out that the renewed allegations push the same theory that the court already rejected before.
Cryptocurrency

German DZ Bank adds digital currencies into asset management services

German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.
Cryptocurrency

Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case

The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.
Cryptocurrency

‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a...
Cryptocurrency

Frax Finance to retire algorithmic backing amid stablecoin crackdown

The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing.
Cryptocurrency

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
Cryptocurrency

CoinEx crypto exchange sued by New York for failing to register with state

The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet...
Cryptocurrency

Only 0.04% of Ethereum validators have been slashed since 2020, says core dev

Only 226 validators have been slashed since Ethereum staking began, with 75 of those coming from one single event in Feb. 2021.
Cryptocurrency

Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
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