Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges
French crypto exchange Coinhouse trims 15% of its staff, mirroring broader sector challenges. The move, announced on October 13, 2023, primarily affects the web 3.0 department, hinting at a strategic shift towards core crypto investment services amidst a bearish market scenario. The company’s evolution, from a workforce of 100 to 60 within a year, highlights […]
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a “Shortfall Claim” for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally. (Read More)
Web3 Foundation Announces Over $1.1M in Grants Under Wave 19 Program
The Web3 Foundation disclosed the conclusion of its 19th grant wave, allocating over $1.1 million to 33 projects to bolster the Polkadot ecosystem. The foundation marked its 600th grant and 1000th milestone, reflecting the growth and the fervor of the Polkadot developer community, now the second largest globally. This wave spotlighted grants enhancing smart contract […]
Solana Foundation Offers $400k Bounty for Critical Code Discovery
Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation’s endeavor to ensure robust network security. (Read More)
OKX Ventures Invests in Celestia Lab’s Series B Funding for Modular Blockchain Development
OKX Ventures has invested in Celestia Lab’s Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain […]
Tether Intervenes on Terrorism Funding, Freezing 32 Cryptocurrency Addresses
Tether has frozen 32 cryptocurrency addresses tied to terrorism funding in Israel and Ukraine, manifesting the growing partnership between crypto firms and global law enforcement to combat digital-financed crime. (Read More)