Gimme The Coin

2024-01-31 16:33:01 Block Inc. Takes a Scalpel to Its Workforce: 12,000 is the Magic Number!

Trimming the Fat: Block Inc., under the watchful eye of Jack Dorsey, is wielding the layoff axe with precision, aiming to whittle down its employee count by year-end.

Strategic Downsizing: Business Insider's latest scoop reveals that Block is embarking on a calculated journey to shrink its workforce by about 10, bringing it closer to the coveted 12,000 mark.

The Numbers Game: While exact figures remain hush-hush, insiders whisper that the pink slips could reach nearly 1,000 souls. Ouch!

All Divisions on Notice: From Cash App to Foundational and Square, no corner of Block's empire is immune as Dorsey orchestrates this symphony of efficiency gains and operational fine-tuning. Open / Comment

2024-01-30 15:02:40 GambleFi, Airdrops & Presales: The Hottest Trends in Crypto! Discover how Betix is leading the charge.

The previous bull market saw clever investors gain big by investing early in emerging projects. Now, it's all about GambleFi - a blend of gaming and DeFi, opening doors to new possibilities.

Introducing Betix: In the GambleFi world, Betix is making waves. Their innovative, no-KYC platform is designed to share profits with players and investors alike. With hundreds of players already on board before launch, Betix is setting a new standard in its prelaunch phase. It's not just a crypto casino, but a full-fledged immersive gaming venture, with BETX airdrops drawing early followers for substantial profit sharing.

What's the Buzz About? Betix has launched its Seed Sale on GemPad on Jan 30. What makes BETX, their utility token, stand out? It’s deflationary and integral to Betix Casino, offering a 20% discount from the DEX launch price.

Explore the Seed Sale on GemPad

Why Join the Hype? Early adopters and Seed Sale participants will receive $BETX token airdrops – a perk not to be missed. It’s about being part of something at the ground level.

Is Betix Your Next Big Move? With GambleFi heating up, Betix.gg appears to be a potential game-changer. Don't overlook this emerging gem in the GambleFi space.

Stay in the Loop: Follow @betixcasino on Telegram. Be part of their newly formed channel and stay updated with the latest from Betix! Open / Comment

2024-01-29 16:32:44 Love Scams in Crypto: South Korean Exchanges Fight Back!

Romance scams have taken a digital twist in South Korea, with crypto exchanges becoming the battleground against deceit.

Catfishing and other romantic ruses have become rampant, warns Coinone, one of the leading exchanges. They've blocked a staggering $2.6 million in suspicious transactions, thanks to their robust monitoring system.

The alarm bells are ringing louder as the Financial Supervisory Service (FSS) joins the chorus. They caution against falling for online love traps and unsolicited investment advice on social media.

It's a reminder to be extra cautious, especially when approached by strangers promising investment help – whether they're of the opposite sex or not! Stay alert and keep your crypto safe from heartbreaks and scams. Open / Comment

2024-01-27 16:33:26 Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle

The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange.

According to a joint status report filed on January 25, the SEC alleges that BAM Trading Services, the parent company of Binance.US, has not fully complied with its information requests. The regulatory body seeks detailed insights into the custody and liquidity of assets, expressing concerns that Binance US might have undisclosed control mechanisms over customer funds, reminiscent of the FTX scandal.

BAM’s attorneys vehemently refute these allegations, asserting that the company has adhered to all document production requirements stipulated in the consent order and the expedited recovery request. They argue that the SEC’s methods, including issuing a Temporary Restraining Order (TRO) and pursuing expedited discovery, have imposed an undue burden on BAM. Open / Comment

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2024-01-25 16:32:53 SEC Postpones Decision on BlackRock’s Spot Ethereum ETF to March

The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March.

According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then approve, disapprove, or institute proceedings to determine whether the proposed rule change should be disapproved.

“Section 19(b)(2) of the Act4 provides that within 45 days of the publication of notice of the filing of a proposed rule change,” wrote the SEC, “Or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate.”

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” wrote the SEC. Open / Comment

2024-01-23 16:33:33 Bitcoin Ordinals ‘Genesis Cat’ Sells for $254K in Sotheby’s Digital Art Auction

“Genesis Cat,” a digital art piece created on the Bitcoin blockchain’s Ordinals protocol, was sold for over $250,000 at a recent Sotheby’s auction. Created by artist and engineer Francisco “FAR” Alarcon, “Genesis Cat” is a part of the Quantum Cats collection, produced by the Taproot Wizards group. With the initial estimated price of $15,000 to $20,000, the piece was sold at the impressive $254,000.

“With over 50 Bids, ‘Genesis Cat’ by @0xfar for Taproot Wizards’ has achieved an impressive $254,000 (6.31 BTC), 12X over the high estimate,” said Sotheby’s. FAR’s work is notable for its exploration of visual arts and technology, often delving into the history of computer-generated graphics and digital imaging.

“Genesis Cat,” as the only 1/1 artwork in the Quantum Cats collection, holds a unique place in the Bitcoin Ordinals art world. The Quantum Cats collection, the first public collection from Taproot Wizards, is aimed at inspiring innovation and creativity within the Bitcoin ecosystem.

Comprising 3,333 distinct digital cats, the collection combines elements of retro style, cosmic imagery, and Bitcoin lore, reflecting the evolving nature of the Bitcoin protocol and its cultural impact. Open / Comment

2024-01-21 16:33:05 Hut 8 Responds to Short Seller Report Accusing Bitcoin Miner of Malpractice

Bitcoin miner Hut 8 has expressed confidence in its latest partnership with USBTC following a controversial report released by JCapital Research warning investors of possible risks.

In a brief response on Jan 19, the company stated that it had read the report and would provide all necessary updates deemed appropriate amid concerns by the wider digital asset community on social media spaces.

“(Hut 8) is aware of a short report issued on January 18 by J Capital Research, which is a self-proclaimed group of biased activists who clearly disclose that they will profit if a company’s share price declines. Hut 8 is reviewing the report and will provide updates as the Company deems appropriate.”

The Canadian miners expressed full confidence in the current management team and the board of directors following the merger adding that the partnership would achieve growth for all shareholders. Open / Comment

2024-01-19 18:04:11 South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval

South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy at the South Korean Presidential Office.

During a briefing, Sung highlighted the government’s interest in aligning local regulations with international standards, suggesting a more open approach towards cryptocurrencies and related financial products like ETFs.

Responding to the question, “Are you considering institutionalizing Bitcoin?” in briefing, Sung said, “We need to change our country’s legal system appropriately, or things that happen overseas can be accepted in our country.” Open / Comment

2024-01-19 15:02:52

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