Ex-Google exec to bring Web3 to masses as new Aptos Labs adviser

David Lawee, former vice president of corporate development at Google, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos.

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured [...]

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SEC offers $50,000 incentive for qualified employees to step down

The Securities and Exchange Commission (SEC) is introducing a $50,000 incentive for qualified employees who choose to resign. This initiative is part of the SEC’s efforts to streamline its workforce and optimize operational efficiency. Eligible staff members who opt for voluntary resignation will receive a $50,000 payout as an incentive to leave their positions. The [...]

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Is Crypto Exchange Huobi on the Verge of Insolvency?

Is Crypto exchange Huobi on the verge of insolvency? Let's take a look at it in more detail.

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FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

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Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup

Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry. (Read More)

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Two Ex-Robinhood Employees Launch New Remittance Service Atlantic Money

High remittance fees charged by the existing fintech ‘challenger’ platforms are some of the issues that prompted Atlantic Money to launch its money transfer service. The platform promises to facilitate cheaper and more efficient remittances. (Read More)

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. [...]

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Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.

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OpenAI secures $1.5B funding from SoftBank, allows employees to cash out

SoftBanks tender offer allows OpenAI employees to cash out up to $1.5 billion worth of shares as it takes a larger stake in the company.

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors [...]

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7,800 jobs at IBM could be replaced by AI within years, suggests CEO

Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.

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