• Gemini, a crypto exchange company, has reportedly cut down another 10% of its global staff according to a recent report. • This latest headcount reduction is the crypto exchange’s third round of lay-offs in the past eight months. • Gemini co-founder Cameron Winklevoss wrote in an internal message that persistent negative macroeconomic conditions and […]
Monthly Archives: January 2023
35% Drop in WBTC Supply Since LUNA/UST Collapse: What Does it Mean?
-The wrapped Bitcoin (WBTC) supply on Ethereum has dropped by around 35% since the LUNA/UST collapse last year, with approximately 101,550 BTC having exited the supply since its all-time high. -WBTC is a tokenized version of Bitcoin on the Ethereum blockchain that is backed 1:1 with actual BTC, and thus always trades at the same […]
Binance Launches Binance.bh Platform in Bahrain, Providing Access to Regulated Products
•Binance has launched binance.bh, a platform allowing Bahraini users to make deposits and withdrawals in their local currency. •The expansion was conducted under the guidance of the Central Bank of Bahrain and the Economic Development Board. •This platform provides access to regulated products and services, such as top-ups and withdrawals in local currencies. Binance, the […]