
Founder of BitMEX Is Proposing a Bitcoin-based Stablecoin
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said.
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said.
SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,964 crypto jobs have been lost.
Former BitMEX CEO said that he was wrongly accused of misuse of $230,000 in funds during his relocation from Hong Kong to Singapore, and further to Germany.
Former BitMEX CEO says the “irresponsible entities” within the crypto industry have all been completely wiped out.
Kraken isn’t alone in its decision to cut back on staff numbers. Throughout 2022, various blockchain and crypto companies have adjusted their staff numbers to stay afloat.
According to Bitmex, the token will be utilized to reward clients as the firm strives to rejuvenate its market share in the derivatives area.
That BitMEX is cutting off some of its staff is not a peculiar move as it is an industry-wide trend.
Hoeptner noted that institutional adoption of cryptocurrencies has not been affected by adverse market conditions.
Notices of Kyle Roche withdrawing from multiple class action lawsuits appeared in the dockets amid the heat of the allegations.
Samuel Reed, Arthur Hayes, and Benjamin Delo have already pleaded guilty, and have each agreed to pay a $10 million fine as part of the terms of their plea agreement.