Binance, a prominent cryptocurrency company, has recently joined the growing list of companies implementing layoffs. According to The Wall Street Journal, Binance has laid off over 1000 employees, which may result in a significant reduction of one-third of its workforce. This decision has the potential to greatly impact the operations of the crypto giant. The …
Crypto firm Circle has recently announced layoffs and a shift in focus towards core business activities. The exact number of layoffs is unknown, but Circle had approximately 900 employees as of the end of last year. This decision comes as the company aims to refocus its efforts and streamline operations. According to a report by …
The International Monetary Fund (IMF) is currently developing a platform for central bank digital currencies (CBDCs) that will facilitate cross-border transactions, announced IMF Managing Director Kristalina Georgieva. Speaking at a conference attended by African central banks in Morocco, Georgieva emphasized the need for interconnected systems to promote more efficient and equitable transactions. She also highlighted …
The Securities and Exchange Commission in Nigeria has taken action against Binance, the world’s largest cryptocurrency exchange, ordering it to cease operations in the country due to a local unit that solicited Nigerian investors via an illegal website. The directive, which came in a statement dated June 9th, specifically named Binance Nigeria Limited, stating that …
If you are new to crypto, you are probably also considering various trading options, including margin trading. Sadly, not all of the exchanges offer this, and even if there are some, it’s quite difficult to find one with the most favourable conditions.