Nansen

Nansen had grown dramatically in the pandemic and then encountered a crypto winter Due to the ongoing crypto winter, Nansen, a blockchain analytics platform, has announced to reduce its staff by 30%. The company’s Chief Executive Officer (CEO), Alex Svanevik, revealed the news in a memo shared via social media, expressing regret at the necessity of these changes. This year has seen a large number of layoffs, across the entire crypto space, with exchanges leading the way. These platforms haven’t been the only affected,…

Binance, the world’s largest crypto exchange by trading volume, just can’t catch a break. With one arm, the exchange is trying to slap away the grabbing hands of lawmakers and regulators. With Binance’s other arm, it beckons to its customers and investors, pleading with them to keep on putting their crypto in its care, despite the regulatory war drums growing louder in the background.Robinhood App Lays Off 9% of StaffThis past Monday, the Commodity Futures Trading Commission sued Binance, saying both the company and its…

Moving into 2023, the crypto environment is crawling with activity. Here is a precis of the environment‘s foremost tendencies this week. XRP Lawsuit: The SEC Is Attempting to Keep the Hinman Speech Documents Hidden in Their Case Against Ripple With the SEC’s lawsuit in opposition to Ripple (XRP) apparently nearing completion, the SEC has persevered to do the entirety in its energy to save you Ripple (XRP) from the use of the Hinman files, arguing that they may be beside the point to the courtroom…

Olga Kharif / Bloomberg: Nansen: TerraUSD collapse wasn't a work of a single attacker but likely a result of investment decisions from a small number of large UST holders — The collapse of the TerraUSD (UST) stablecoin that sent shockwaves throughout the crypto ecosystem can't be attributed to a single attacker, according to researcher Nansen. Olga Kharif / Bloomberg: Nansen: TerraUSD collapse wasn't a work of a single attacker but likely a result of investment decisions from a small number of…