DCG-owned crypto exchange Luno suspends 35% of staff

DCG-owned crypto exchange Luno suspends 35% of staff

A deteriorating macroeconomic environment and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR| Nurphoto via Getty Images Cryptocurrency exchange Luno is the latest company in the industry to make layoffs, seeking to cut 35% of its global workforce. The CEO of the London-based company, Marcus … Read more

Crypto exchange Gemini lays off 10% of its workforce

Crypto exchange Gemini lays off 10% of its workforce

Tyler Winklevoss and Cameron Winklevoss (LR), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 convention in Miami, Florida. Joe Raedle | Getty Images Crypto exchange Gemini is going to cut its workforce by 10%, a spokesperson told CNBC on Monday. It’s at least the third round of cuts in less than a … Read more

Ex-Genesis execs claimed they raised money for crypto hedge fund before bankruptcy

Ex-Genesis execs claimed they raised money for crypto hedge fund before bankruptcy

Just weeks before crypto lender Genesis filed for bankruptcy, three former employees of the company claimed they had secured millions of dollars for a new crypto hedge fund, according to correspondence viewed by CNBC. Matt Ballensweig, who left Genesis in September after more than five years with the company, sent a message to a potential … Read more

Crypto lender Genesis Trading files for bankruptcy protection

Crypto lender Genesis Trading files for bankruptcy protection

Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a company that was once the heart of Barry … Read more

Binance was the final destination for millions in funds from Bitzlato

Binance was the final destination for millions in funds from Bitzlato

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes every day. STR| NurPhoto via Getty Images Federal prosecutors on Wednesday filed suit against a little-known crypto exchange called Bitzlato, alleging it laundered $700 million in compromised crypto linked to the now-closed dark web marketplace Hydra, and millions more in ransomware … Read more

A $1.4 trillion destruction hits the crypto industry at WEF

A .4 trillion destruction hits the crypto industry at WEF

There were fewer crypto companies along the Davos Promenade in 2023 than in previous years after the market crash. Circle, the company behind the stablecoin USDC, was one of the few attendees. Arjun Kharpal | CNBC DAVOS, Switzerland – In recent years, the number of attendees from the cryptocurrency industry at the World Economic Forum … Read more