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Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is FineThe cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]

Genesis Global Settles With New York AG for $2,000,000,000 in State’s Largest Crypto Settlement Ever

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid SchemeChinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight […]

Genesis Global Settles With New York AG for $2,000,000,000 in State’s Largest Crypto Settlement Ever

Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies

Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to CryptocurrenciesZimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). The bank also said its regulatory sandbox continues to garner interest. CBDC Roadmap The Zimbabwean central bank, the Reserve Bank of Zimbabwe (RBZ), has […]

Genesis Global Settles With New York AG for $2,000,000,000 in State’s Largest Crypto Settlement Ever