Binance, one of the world’s largest cryptocurrency exchanges, has conducted massive layoffs, with more than 1,000 employees being released. The layoffs come as the exchange transitions towards a more automated operations system.
On Thursday, the crypto exchanges Coinbase and Bittrex both announced they were re-listing XRP following Ripple’s victory in court against the U.S. Securities and Exchange Commission (SEC). This is a significant legal victory for the company and XRP holders.
Football superstar Cristiano Ronaldo has dropped his eagerly anticipated second NFT collection, offering fans the chance to meet him in person. Exclusively available on Binance, the collection includes unique images and video art for sale.
Binance Chief Operating Officer (CCO) Wei Zhou will remain in his current position, bucking the trend of C-level resignations that has been seen in the past weeks. Zhou has expressed confidence in the company’s future and his commitment to continue leading the Binance team.
Two top executives at Binance have departed from the company following tension with CZ, the CEO, over how he’s handled the DOJ’s investigation, according to a report. The departures come despite Binance enjoying a record-breaking year.
Binance, one of the world’s largest cryptocurrency exchanges, has ended support for 8 multi-chain bridged tokens, citing their high level of risks as the primary reason for its decision. This action is aimed at protecting users from potential losses.