United Kingdom-based crypto exchange Blockchain.com is laying off 25% percent of its workforce, Coindesk reported on Thursday, amounting to 150 employees. The company is closing its offices in Argentina, which will account for nearly half of the job cuts, and also laying off U.S. and U.K. workers. The cuts follow a Coindesk report that the company could lose $270 million from lending to...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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