Tanishq Bodh

Paxos Employees Laid Off

Paxos Reduces Workforce by 20% After New Stablecoin Launch

Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing …

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Lil Pump Solana tattoo

Lil Pump Flaunts Solana-Inspired Tattoos Amid Crypto Turmoil

Gazzy Garcia, known professionally as Lil Pump, surprised his 15 million followers on Instagram and X by revealing two new Solana-themed tattoos. The first tattoo features the stylized name of the Solana blockchain on his forehead. The second tattoo depicts the logo of Phantom, a popular Solana wallet. On Instagram, he asked his followers, “Like …

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Terraform Labs SEC

Terraform Labs to Shutdown After SEC Settlement

Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL). “TFL always intended …

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Andrew Tate Memecoin

Andrew Tate Shills Meme Coin Amid Insider Trading Concerns

Controversial social media influencer Andrew Tate has announced his support for the DADDY meme coin. He vowed to burn $100 million worth of cryptocurrency during a live stream. However, blockchain data suggests insider trading activities, raising ethical questions. Tate’s Involvement with DADDY Coin Andrew Tate’s involvement with the DADDY meme coin sharply contrasts musician Iggy …

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Polygon Grant

Polygon Commits 35 Million MATIC to Fuel New Crypto Projects

Introduction Polygon announced an initiative to bolster its ecosystem. For the inaugural season of its Community Grants Program (CGP), it will allocate 35 million MATIC tokens. This initiative aims to support new projects built on the Polygon and Ethereum networks. Polygon to Fund New Crypto Projects Polygon 2.0 represents the next evolution of the Polygon …

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ZkSync

Zksync Introduces Community Governance with ZK Nation

Zksync, an Ethereum layer two (L2) network, has launched a community-driven governance system called ZK Nation. This system aims to enhance governance, security, and scalability through active community participation. Empowering Community Governance Firstly, the ZK Nation governance framework gives token holders significant influence over the Zksync protocol. Participants can propose and vote on protocol upgrades …

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Binance Richard Teng

Binance Reaches 200 Million Users, Eyes On 1 Billion

Binance, the world’s largest cryptocurrency exchange by trading volume, has reached a significant milestone, surpassing 200 million registered users. This achievement was announced on June 8, marking nearly seven years since the platform’s launch. Rapid Growth and Adoption With over 200 million users, Binance now represents approximately 36% of the global cryptocurrency user base, which …

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Toncoin USDT

TON Foundation Announces Plans to Widen Access to USDT on Ton

The TON Foundation has partnered with Tether to expand global access to USDT on the TON blockchain. This ambitious initiative aims to integrate TON-based USDT into at least 100 exchanges and payment processors across both established and emerging markets in the coming months. TON Foundation and Tether to Provide Easy Access to USDT on Ton …

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Donald Trump Donations

Donald Trump Secures $12 Million in Donations

Former President Donald Trump has reinforced his commitment to the cryptocurrency sector, declaring his ambition to be recognized as the “crypto president.” This stance was highlighted during a recent fundraiser, which successfully raised $12 million to support his campaign to unseat President Joe Biden. Fundraiser Hosted by Industry Leaders The event, hosted by venture capitalists …

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