Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing – Crypto News
Bankruptcy proceedings for Celsius have officially begun – and the odds that depositors will get their money back look slimmer than ever. Source link
Circle CSO lays out policy principles for stablecoins in US – Crypto News
Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins.In a Monday blog post, Disparte named 18 principles
OpenSea lays off 20% of its staff, citing ‘crypto winter’ – Crypto News
Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of the most volatile periods in the industry’s history. Co-founder and CEO Devin Finzer took to Twitter Thursday afternoon to disclose that his company was
OpenSea Lays Off Roughly 20% of Its Staff – Crypto News
CEO Devin Finzer blamed the move on an “unprecedented combination of crypto winter and broad macroeconomic instability.” Source link
US lawmaker lays out case for a digital dollar – Crypto News
Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC.In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout
Brazilian Crypto Unicorn 2TM Lays Off Over 80 Employees – Crypto News
“The changing global financial landscape, rising interest rates and inflation have been having a major impact on technology-based companies,” 2TM said in a statement, without mentioning an exact number of layoffs, although it did publish a list with 86 profiles of fired employees,
Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report – Crypto News
The move follows news of workforce reductions at a number of crypto exchanges in the U.S. and worldwide. Source link
Top Latin American Crypto Exchange Bitso Lays Off 80 Employees – Crypto News
Bitso has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it’s aiming to become the largest exchange in Brazil before the end of 2022. In Brazil, Bitso competes with local crypto exchange Mercado
ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’ – Crypto News
The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system.Issued on May 13, the working paper aims to study issues like financial intermediation, payment choices
Japan Lays Outs Penalties on Crypto Exchanges for Non-Compliance With Russia Sanctions: Report – Crypto News
Japan's government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia. Source link