Lummis Says Democrats Opposed CLARITY Act Over Customer Protections
Crypto hackers exploit third-party Aave tool to steal 114 ETH
Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins
US Midterms: Stand With Crypto Backs Bipartisan Slate After Senate Bill Fails
278,000,000 $ENA (65,549,627 USD) transferred from unknown wallet to unknown wallet...
Large Stake of $1 Million in SOL Boosts New Solana Validator
SEC Proposes New Custody Standards for Crypto Assets
966,000 $SOL (114,103,817 USD) staked at unknown wallet...
NEAR Intents Ends Exploit Probe After $3.8 Million Is Returned
NEW: Institutional crypto bank Anchorage Digital has reportedly laid off roughly 17% of its staff,
This AI Is Already Fooling People on Video Calls Into Thinking Its Human, Company Says
Ethereum Long Positions Cluster at $2,538 Amid Market Activity
Client Alert: $320 Million Crypto Heist—What It Means for Asset Recovery and Who Pays
Bitcoin Crashes Below $84K as Crypto Liquidations Near $600M
SEC Proposes Rules That Could Change How Funds Custody Crypto
Iran has just struck an oil tanker conducting an outbound transit of the Strait of...
SEC Proposes Last-Resort Crypto Self-Custody for Advisers and Funds
Meet the New Bitcoin Treasury Firm That Already Plans to Sell BTC
U.S. Sanctions Hamas Network Over $2M Crypto Funding
Drift Hack Victims Can Redeem DFX at About 1 Cent Per…
Hester Peirce Leaves SEC After Advocating for Digital Assets
Ethereum Foundation Launches zkAPI for Enhanced Privacy in API Payments
Porsche scraps NFT project with floor price down 96%
BTC falls below $84,000, down 1.61% intraday
Bitcoin on Pace for Third Straight Weekly Gain on ETF Demand
Absa Bank Becomes First African Bank to Offer Bitcoin Custody Services
Aave Proposes Legal Entity to Hold Protocol IP for the DAO
Hester Peirce Ends SEC Commissioner Tenure on October 2
Blast to wind down Ethereum L2 after costs outpace revenue
Fidelity Considers Expanding Access to Ethereum Tokenized Money Market Fund
US jobs data revised lower after Fed rate hike
Pi Network (PI) in October: 3 AIs Speculate What Will Happen With the Price
SEC Proposes New Crypto Custody Framework for Advisers and Funds
Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected
Anchorage Digital Reduces Workforce by 17% Amid Industry Challenges
739 $BTC (62,567,814 USD) transferred from unknown wallet to Coinbase Institutional...
Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
BNY in Negotiations with Kraken's Parent Company for Digital Asset Collaboration
$3.8 Million Stolen from NEAR Intents Fully Returned, Investigation Concluded
Blast L2 Winds Down, Sets Oct. 26th Withdrawal Deadline
BNY Mellon in Talks with Kraken Parent Payward for Infrastructure Partnership
BNY in talks with Kraken parent Payward over infrastructure partnership
Tether’s $190 Billion USDT Stablecoin Is Coming Back to…
Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
IMF Approves $138 Million Loan for El Salvador Following Bitcoin Waiver
Solana ETFs Overtake XRP Funds With $1.91 Billion in Assets
Blast Shuts Down Ethereum L2 as Operating Costs Exceed Revenue
UPDATE: $3.8 million stolen in NEAR Intents exploit has been returned in full, General
NEAR Intents Recovers $3.8 Million Following Exploit Incident
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
BTC drops below $85,000, down 0.40% on the day
Possible next crypto czar, Jay Clayton, began crypto's regulation-by-enforcement at SEC
Stablecoin Market Reaches $300.9B as Tron Gains $5B in Q3
Grayscale Says AI Crypto Sector Gained 54% in September
199,998,916 $USDT (199,965,116 USD) transferred from #Binance to unknown wallet...
Ethereum Foundation Launches zkAPI for Private AI Payments
NEAR Intents Identifies $3.8M Hacker, Gives Them 48 Hours to Return Funds
Bitcoin Rejected at $87K Despite Soft PCE and Jobs Data as QNT, NIGHT Explode: Weekly Crypto Recap
Why Strategy’s STRC calculator shows $210 for a share it can redeem at $101
Ethereum Price Faces A Critical $0.040 ETH/BTC Test
Crypto AI Sector Surges 54% as Investors Chase Agent Economy
Evernorth's $1 Billion XRP Treasury Clears Its Final Hurdle to Nasdaq
Centrifuge Launches Tokenized Treasury and Credit Funds on Arc Blockchain
Bitcoin Heads Higher on Macro Moves: Where Does BTC Go Next?
Bitcoin Price Taps $87K as SEC Moves to Unlock Institutional Custody
Aave Labs Proposes Transition to DAO Governance for Brand Management
Centrifuge Launches Three Tokenized Funds on Arc Platform
Aave Labs Proposes Cayman Foundation for Aave Brand and IP Management
Anchorage Digital Lays Off 17% of Workforce Amid Cryptocurrency Market Downturn
Anchorage Digital, a federally chartered digital asset bank based in the United States, has laid off 17% of its workforce, affecting approximately 68 employees. This decision was communicated to staff by CEO Nathan McCauley earlier this week. The layoffs come as the company faces challenges stemming from a prolonged downturn in the cryptocurrency market, which has persisted for over a year.
Earlier this year, Anchorage Digital was valued at $4.2 billion and had a global workforce of around 400 people. Despite the layoffs, the company is actively expanding its operations within the regulated U.S. cryptocurrency industry. Anchorage made history in 2021 by becoming the first cryptocurrency firm to secure a national trust charter from the Office of the Comptroller of the Currency, positioning itself as a significant player in cryptocurrency custody services.
In addition to its core services, Anchorage has recently ventured into the stablecoin issuance sector, participating in Tether's newly launched U.S. stablecoin, USAT. Earlier this year, the company also attracted a strategic investment of $100 million from Tether, indicating ongoing confidence in its business model despite the current market challenges.
Source: KLEA News