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NFT Giant Opensea Retrenches an Unknown Number of Employees


Opensea recently retrenched an unknown number of employees as part of what the CEO Devin Finzer describes as a rebuilding exercise. According to the CEO, taking this step helps Opensea build a foundation which enables it to innovate faster. Smaller Team With Direct Connection to Users Opensea,...

Senator Ted Budd Proposes Keep Your Coins Act Following SBF’s Conviction


Senator Ted Budd (R-NC) introduced a bill yesterday that would see crypto users’ assets kept in self-hosted wallets in hopes of mitigating third-party risk.  Self-hosted wallets  The bill, appropriately titled the “Keep Your Coins Act,” was formally introduced by Budd in the Senate on November...

Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”


Source: Adobe Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks...

Telegram Wallet Focuses on Seamless Onboarding, Opts for Custodial Approach


Telegram logo. Source: Adobe / tashatuvango Telegram’s integrated crypto wallet bot, Wallet, has opted for custody over self-custody to facilitate a smoother onboarding process for new crypto users, according to Wallet chief operating officer Halil Mirakhmed. “If you want to introduce as many...

Landmark Decision: U.S. Supreme Court Tackles Coinbase User Agreement Case


A pivotal legal case concerning how crypto platforms settle disputes with their users is now headed to the United States Supreme Court. As reported by Bloomberg, SCOTUS has agreed to hear Coinbase’s appeal related to a case involving the crypto exchange’s $1.2 million Dogecoin (DOGE)...

Uniswap V3 User’s Costly Liquidity Pool Error: $700,000 Lost to MEV Bot


A trader using the decentralized exchange (DEX) Uniswap V3 lost over $700,000 after he entered wrong values while creating a new liquidity pool. According to an X post from on-chain analytics firm Arkham, the user added a total of $1.5 million of liquidity in the WBTC-CRV pool he created on Uniswap...

Bitfinex Customers Targeted in Phishing Attacks After Support Agent Hack


Bitfinex has experienced a “minor” security incident after one of its customer support agents fell victim to a hacking attempt, leading to several users being targeted in a series of phishing attacks. The crypto exchange said the incident occurred between October 30 and November...

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