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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced


Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...

Binance CEO Urges 'Unfairly Affected' Users to Contact the Exchange


Changpeng Zhao. After a week filled with a variety of technical glitches and performance issues on Binance, CEO Changpeng (“CZ”) Zhao has come out with an update to users where he invites affected traders to follow up with the exchange while admitting that more issues may arise in the future. In...

What a CEO’s Arrest Tells Us of Coin Mixers' Present and Future


The arrest of a Cryptoverse resident has brought to the surface yet again the questions of both the legality and the future of coin mixers, as well as the responsibilities of their developers. As reported yesterday, Larry Harmon of Akron Ohio, the CEO of Bitcoin media site Coin Ninja and founder...

BitMEX CEO’s Jokes About XRP End With a Flash Crash and a Wall of Silence


Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz The normally outspoken CEO of major crypto derivatives exchange BitMEX, Arthur Hayes, has gone quiet after a short-lived crash occurred in the exchange’s XRP derivatives market, which may have led to large losses for some traders...

XRP Plummets 56% in One Candle, Bitmex Traders Outraged Over Flash Crash


A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely...

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