The exchanges are yet to finalize a potential merger, with WonderFi releasing a public statement in response to market speculation and a surging share price.
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Major media outlets demand identities of SBF's $250M bond guarantors
The media’s lawyers argued the public’s right to know Bankman-Fried's sureties outweighed their privacy and safety rights, but Bankman-Fried’s lawyers strongly disagreed.
Winklevoss hits back against 'super lame... manufactured parking ticket'
Tyler Winklevoss hit back at the SEC charging Gemini in a series of tweets on Jan. 12 calling the action "totally counterproductive."
Here's how to quickly spot a deepfake crypto scam — cybersecurity execs
Crypto investors have been urged to keep their eyes peeled for "deepfake" crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction.
David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video.
Cast your vote now!Deepfakes use deep learning artificial intelligence (AI) to create highly realistic digital content by manipulating and altering original media, such as swapping faces in videos, photos, and audio, according to technical writer at OpenZeppelin Vlad Estoup.
Estoup noted that crypto scammers often use deepfake technology to creat fake videos of well-known personalities to execute scams.
An example of such a scam was a deepfake video of FTX former CEO Sam Bankman-Fried in November 2022, where scammers used old interview footage of Bankman-Fried and a voice emulator to direct users to a malicious website promising to “double your cryptocurrency.”
Here's how to quickly spot a deepfake crypto scam — cybersecurity execs
The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not.
Here's how to quickly spot a deepfake crypto scam — cybersecurity execs
The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not.
Here's how to quickly spot a deepfake crypto scam — cybersecurity execs
The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not.
Cryptocurrency is headed toward surviving its first age
Despite the downbeat market, blockchain-based tech — from the internet of things to the metaverse — is primed to represent trillions in new value by 2030.
Huobi employees revolt, GameFi lives, Antminer on steroids: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Huobi’s disgruntled employees
According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to “advisory contracts” that do not receive protection under Chinese labor laws. Employees also claim that their leftover paid vacation days and sick leave days for 2022 were set to zero without prior notification.
Moreover, executives allegedly imposed a messaging ban on all major Huobi employee chat groups. In response, employees reported formed a 400-member strong “rights maintenance group” and have since sought the advice of counsel in the labor dispute. One employee reportedly wrote:
“I love my company and my job; at the same time, I support all decisions that benefit the company, and I know that with economies recessionary everywhere in the globe, Huobi management staff must tighten their belts, and I can understand the lack of year-end bonuses. That said, I cannot accept the unreasonable swap of employment contracts. I will fight this to the end.”
However, it appears that employees still received the short end of the stick. On Jan. 6, Cointelegraph reported that Huobi laid off 20% of its workforce while denying insolvency rumors. But at the time of publication, sources say that the exchange is operating at a loss of $10 million per month.
Huobi employees revolt, GameFi lives, Antminer on steroids: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Huobi’s disgruntled employees
According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to “advisory contracts” that do not receive protection under Chinese labor laws. Employees also claim that their leftover paid vacation days and sick leave days for 2022 were set to zero without prior notification.
Moreover, executives allegedly imposed a messaging ban on all major Huobi employee chat groups. In response, employees reported formed a 400-member strong “rights maintenance group” and have since sought the advice of counsel in the labor dispute. One employee reportedly wrote:
“I love my company and my job; at the same time, I support all decisions that benefit the company, and I know that with economies recessionary everywhere in the globe, Huobi management staff must tighten their belts, and I can understand the lack of year-end bonuses. That said, I cannot accept the unreasonable swap of employment contracts. I will fight this to the end.”
However, it appears that employees still received the short end of the stick. On Jan. 6, Cointelegraph reported that Huobi laid off 20% of its workforce while denying insolvency rumors. But at the time of publication, sources say that the exchange is operating at a loss of $10 million per month.
Huobi employees revolt, GameFi lives, Antminer on steroids: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Huobi’s disgruntled employees
According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to “advisory contracts” that do not receive protection under Chinese labor laws. Employees also claim that their leftover paid vacation days and sick leave days for 2022 were set to zero without prior notification.
Moreover, executives allegedly imposed a messaging ban on all major Huobi employee chat groups. In response, employees reported formed a 400-member strong “rights maintenance group” and have since sought the advice of counsel in the labor dispute. One employee reportedly wrote:
“I love my company and my job; at the same time, I support all decisions that benefit the company, and I know that with economies recessionary everywhere in the globe, Huobi management staff must tighten their belts, and I can understand the lack of year-end bonuses. That said, I cannot accept the unreasonable swap of employment contracts. I will fight this to the end.”
However, it appears that employees still received the short end of the stick. On Jan. 6, Cointelegraph reported that Huobi laid off 20% of its workforce while denying insolvency rumors. But at the time of publication, sources say that the exchange is operating at a loss of $10 million per month.
Gemini and Genesis charged by SEC over unregistered securities
The charges relate to Gemini's crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission.
US House Republicans plan to establish crypto-focused subcommittee: Report
Representatives French Hill and Warren Davidson will reportedly be the chair and vice chair of the subcommittee, respectively, focused on issues related to crypto.
Crypto Community unimpressed by SBF’s lengthy substack letter
In the letter, SBF denied stealing funds and stashing billions of dollars away.
Nigerian crypto exchange Roqqu receives European virtual currency license
The move allows Roqqu to operate in 30 countries and broaden its services within one of the world's largest crypto markets.