Search
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits
Asset Freeze to Halt Binance US Operations, Exchange Says, Seeks Rejection of SEC Request
13.6.2023
Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing. ‘No Need for the Draconian Relief Sought...
Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees
9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...
Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020
6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...
Apple bans ChatGPT use for employees over fear of data leaks
19.5.2023
An internal document from the tech giant said that while it develops its own AI technology employee usage of outside AI chatbots will be restricted
Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
MrBeast Bought An Entire Neighborhood For His Employees To Live In
9.5.2023
Mega YouTuber MrBeast, aka 25-year-old Jimmy Donaldson, has been casually buying extensive property in a North Carolina neighborhood for him, his family, and his employees to live in, the New York Post reports. In the last five years, Donaldson has already purchased five homes on the same...
Samsung employees banned from using ChatGPT-like AI tools
2.5.2023
The company-wide ban prevents Samsung employees from accessing generative AI tools on all Samsung-owned devices and internal networks
7,800 jobs at IBM could be replaced by AI within years, suggests CEO
2.5.2023
Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period
China Pushes Digital Yuan for Wage Payments in Changshu
25.4.2023
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included...
China Fines Bitmain $3.6 Million for Tax Violations, Report
13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...
Employees of South Korean Crypto Exchange Coinone Arrested: Report
11.4.2023
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
South Korean authorities seize $160M in assets tied to Terra employees: Report
3.4.2023
Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
The Steam Card Scams That Keep Some GameStop Employees Up At Night
30.3.2023
Someone walks into a GameStop and asks where the gift cards are. They proceed to buy a bunch of them. Not just $40, or $80, but hundreds of dollars worth of Steam cards, Razer Gold, or some other gaming currency. They don’t look like someone who’s kneed deep in the seedy underworld...
Binance Employees are Allegedly Helping Users Bypass China's Crypto Ban – Here's What You Need to Know
24.3.2023
CNBC's recent investigation has dropped a bombshell, Binance employees may be actively assisting Chinese users in eluding the country's rigid crypto regulations.
The probe scrutinized translated messages from Discord servers and Telegram groups tied to Binance, the world's largest cryptocurrency...
Binance employees allegedly help customers in China bypass KYC controls
24.3.2023
A new investigation claims that Binance’s billion-dollar security protocols are being manipulated by users around the world through inside help
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
22.3.2023
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.
Per reports from the Chinese media outlets JS China and NH News, citizens in Lianyungang and other cities in...