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Former Consensys Employee Launches Stablecoin ‘USD3’


Former Consensys employee Jack Jia, and the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market. The post Former Consensys Employee Launches Stablecoin ‘USD3’ appeared first...

South Korean Customs Officer Thwarts Crypto Mining Rig Smugglers


South Korea’s Customs Service has rewarded a staff member who stopped smugglers from illegally bringing crypto mining rigs into the country. Per the news outlet Incheon Ilbo, the employee at Incheon Airport Regional Customs stopped smugglers from bringing crypto mining hardware worth around...

Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap


Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

Insomniac Responds To Massive Hack Of Wolverine And Employee Data


Insomniac Games has broken its silence on the recent ransomware attack that resulted in hackers releasing confidential studio information, personal employee data, and an entire playable build of the upcoming PlayStation 5 exclusive, Wolverine. “We’re both saddened and angered about the recent...

Chinese Firms Can Now Make Digital Yuan Housing Fund Payments


Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications. Per the Guangzhou Daily (via the Guangzhou government’s website), the Guangzhou Housing Provident Fund Management Center has “launched digital yuan remittance...

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