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CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. 116 Total views 4 Total shares Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs.According to a Friday blog post, CoinFLEX said…

President Biden announces former Ripple adviser as pick for Fed vice chair for supervision
The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021. 586 Total views 22 Total shares Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official…

MakerDAO community votes against CoinShares’ $500M investment proposal
Over 70% of the community’s votes were against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets. 690 Total views 3 Total shares Decentralized lending protocol MakerDAO has voted against crypto investment firm CoinShares’ proposal to invest between $100 million and $500 million worth of the community’s funds into a portfolio of corporate debt…

Crypto leaders, Harris campaign officials set for roundtable
The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration.

NFTs, DAOs and the importance of roadmaps
this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who cares about that? They weren’t really cool until Gary Vee had a mastermind call with influencers and said, “Crypto Punks…

SEC Begins Proceedings on Wilshire Phoenix Bitcoin Exchange-Traded Fund
The United States Securities and Exchange Commission (SEC) has initiated proceedings regarding the Wilshire Phoenix Bitcoin (BTC) exchange-traded fund (ETF) proposal.According to a Sept. 24 public filing, the SEC started proceedings to determine whether to approve or disapprove the proposed rule change, which would allow NYSE Arca to list and trade shares of Wilshire Phoenix’s…

Ethereum layer-2 volumes rose by 70%— Will they eclipse Solana
A notable surge in activity puts analysts’ eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?

Backpack Exchange acquires FTX EU, plans Q1 2025 launch
Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition.