Crypto News
Polygon Labs Announces Downsizing, Cuts 19% of Workforce
Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector. The company also announced a 15% compensation increase and Polygon ID project spin-off. (Read More)Source link
Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles. (Read More)Source link
Traders Prefer Bitcoin to Ether Despite Developing Spot ETH ETF Narrative
The ether-bitcoin forward term structure is downward sloping structure, which means that traders expect ETH to perform weaker than BTC as time goes by, one trader said.Source link
Three Arrows’ OPNX Announces Shutdown
OPNX, a cryptocurrency exchange and bankruptcy claims platform, will cease operations by February 14, 2024, due to regulatory challenges and financial penalties. (Read More)Source link
Grand Jury Indicts Hackers Linked to $400 Million Stolen from FTX
Three Americans have been charged with orchestrating the massive attack on the failed cryptocurrency exchange.Source link