Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord), and has worked with some of the biggest names in the space.

Coinbase Cuts 20% of Workforce

Coinbase, the largest cryptocurrency exchange, has cut 950 employees (20% of its workforce). This was announced on January 10th, 2023, as part of a 25% reduction in operating expenses.

FTX Was Hacked (Don’t Use FTX Products)

FTX halted withdrawals. Then on Friday, Nov 11th FTX was hacked. Currently, neither FTX nor FTX.US are safe to use. Withdrawals aren’t active on either platform and neither app is safe to use at the moment.

FTX Global Halts Withdrawals Leaving Many Stuck

FTX Global has halted withdrawals leaving many stuck. While it is currently unknown if withdrawals will begin again or if there will be some sort of bailout, past situations hint that while relief should be coming, it won’t be coming any time soon. UPDATE: FTX.US is not currently safe to use. See FTX hack. This… Read More

Luna Fork

Luna forked creating a new asset called Luna 2. Meanwhile existing Luna is called Luna Classic.