Polygon (MATIC) Holds Its Gains While Market Turns Red

Polygon’s MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX’s acquisition by Binance was made known. The FTX saga has shaken many crypto investors for days due to rumors that the platform had liquidity issues. This resulted in mass liquidation, especially of the platform’s native token, FTT.  Although the acquisition news pushed prices up, bearish sentiments held sway, pulling the market downward. As of writing, MATIC and OKB were the…

Cross-ecosystem Platform Evmos Partners With Anchorage Digital to Offer Custody and Staking

“We’ve seen a great deal of interest in Cosmos’ ecosystem assets and interoperability networks like Evmos, especially where staking early counts” said Diogo Monica, president and co-founder of Anchorage Digital. “As the digital asset ecosystem continues to grow, cross-chain networks like Evmos are playing an increasingly important role by making it easier to transact and communicate across distinct blockchains.” Source

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

Changpeng Zhao, the chief executive officer of crypto exchange Binance also known as “CZ,” warned users its intention to acquire FTX may invite scrutiny from global regulators — but the firm is ready. In a letter to Binance staff tweeted on Nov. 9, CZ said though the deal to acquire another major crypto exchange was still in the works, regulators would likely “scrutinize exchanges even more” and make it difficult to acquire operating licenses. He added that if the deal resulted in FTX going down, it would be a loss…

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’ – Bitcoin News

Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital efficient,” and described the next steps the company will take moving forward. Meta Fires 13% of Workforce Mark Zuckerberg, CEO of Meta, the company previously known as Facebook, announced today the company would cut jobs for 13% of its workforce, letting…

US Sanctions 3 Individuals, Dozens of Bitcoin, Ether and Bitcoin Cash Addresses on Opioid Allegations

In a press release Wednesday, Treasury’s Office of Foreign Asset Control announced it was adding Dutch citizens Alex Adrianus Martinus Peijnenburg and Martinus Pterus Henri De Koning and British national Matthew Simon Grimm to its sanctions list, alongside more than 50 bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) addresses. The three individuals are accused of providing drugs in the U.S., including fentanyl, stimulants, cannabinoids and opioids. Original