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Binance Cuts Back Employee Benefits, Citing Decline in Profit
Finances

Binance Cuts Back Employee Benefits, Citing Decline in Profit

The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link

Hong Kong Is Bullish on Crypto. Its Banks Aren't So Sure.
Finances

Hong Kong Is Bullish on Crypto. Its Banks Aren't So Sure.

Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank. Source link

SEC's Crypto Strategy Stumbles in Ripple Case
Finances

SEC's Crypto Strategy Stumbles in Ripple Case

A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for

Unions Park Their Cash at This Bank. Will They Stick Around?
Finances

Unions Park Their Cash at This Bank. Will They Stick Around?

Amalgamated has big paper losses and a large number of uninsured deposits. Source link

U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit
Finances

U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit

The U.S. Virgin Islands filed the lawsuit last year alleging that the bank ignored red flags about Jeffrey Epstein’s behavior because he was bringing in

Binance Lays Off Over 1,000 Employees
Finances

Binance Lays Off Over 1,000 Employees

The giant crypto exchange, is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and

FTX Sues Over European Unit Deal, Seeking to Recover $323 Million
Business

FTX Sues Over European Unit Deal, Seeking to Recover $323 Million

FTX filed a lawsuit on Wednesday against former managers of a Swiss business the bankrupt cryptocurrency exchange had acquired, looking to claw back at least

Ripple Wins Early Dismissal of Some Claims in SEC Lawsuit
Finances

Ripple Wins Early Dismissal of Some Claims in SEC Lawsuit

The cryptocurrency company won early dismissal of some regulatory allegations related to its sale of more than $1.4 billion worth of a digital token known

Crypto Lender Celsius CEO Is Arrested, Sued by Regulators
Finances

Crypto Lender Celsius CEO Is Arrested, Sued by Regulators

Celsius Network founder Alex Mashinsky was arrested in New York early Thursday morning and charged with securities fraud. Source link