Pro-Crypto Super Pacs Donate $41 Million to Unseat Ohio Senator Sherrod Brown
According to local media, pro-crypto Super PACS have donated $41 Million to support Republican Bernie Moreno in the Ohio Senate Race. His opponent, sitting Senator Sherrod Brown, is an outspoken critic of the industry.
Read More...Crypto firm Consensys cuts 20% of workforce amid macroeconomic, regulatory headwinds
Cryptocurrency firm Consensys said on Tuesday it would cut 20% of its total workforce, citing broader macroeconomic pressures and ongoing regulatory challenges facing the industry.
Read More...Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.
Read More...OKX taps Standard Chartered as crypto custodian for institutional clients
Crypto exchange OKX has selected Standard Chartered as its third-party crypto custodian, allowing institutional clients to meet growing demands for segregated custody solutions.
Read More...Binance Unveils ‘Binance Wealth’ for Elite Customers
The service is offered through the global Binance.com platform meaning there are restrictions for some jurisdictions, such as the U.S.
Read More...Bitmain Denies Allegations Tying It to Huawei Supply Chain Investigation
Bitmain made a formal statement on Twitter yesterday denying any involvement in the ongoing probe, calling the reports “false and baseless.”
Read More...Could exchanges decentralize themselves out of existence?
This is a segment from the Empire newsletter. To read full editions, subscribe.
Read More...FTX sues KuCoin to recover $50 million in withheld assets
Bankrupt crypto exchange FTX has filed a lawsuit to recover over $50 million in assets allegedly withheld by KuCoin, according to court documents filed on Oct. 28. The assets were reportedly held in a KuCoin account belonging to the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022.
Read More...Consensys to cut workforce by 20% — CEO outlines decentralization plans
Consensys CEO Joe Lubin confirmed that the firm’s restructuring plan will impact 162 permanent employees.
Read More...