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Gate Response: The news of layoffs is not true, and the advantages of business positions are still being recruited

BBSV
January 08
According to Wu said, the cryptocurrency exchange Gate has started layoffs. The proportion is currently unknown. It is rumored among employees that it is 40% to 50%. Gate has not responded to this. Some Gate employees have already begun to reclaim their permissions, and the compensation is N+1, but there is no compensation for the year-end bonus.

US Senate Agriculture Committee Chair Who Leads SBF-Backed Crypto Bill Won't Seek Reelection

BBSV
January 07
According to The Block, Debbie Stabenow, chairman of the Senate Agriculture Committee, who previously drafted the expansion of the U.S. Commodity Futures Trading Commission (CFTC)’s jurisdiction over encrypted exchanges and spot markets, said that she will step down after the end of the current term (until 2025).

Nigeria's central bank plans to develop a regulatory framework for cryptocurrencies

BBSV
January 06
According to PUNCH, the Central Bank of Nigeria (CBN) stated that it will develop a regulatory policy framework for the implementation of cryptocurrencies in the country. In a report on "Nigeria's Payments System Vision 2025," the Central Bank of Nigeria revealed that it would consider developing a regulatory framework for the potential implementation of 'stablecoins', while also continuing to focus on initial coin offerings (ICOs) and working with Nigerian The SEC cooperates in developing the regulatory framework. According to previous news, Babangida Ibrahim, chairman of the Capital Markets and Institutions Committee of the Nigerian House of Representatives, revealed that the House of Representatives will soon pass a revised version of the 2007 Investment and Securities Act to allow the use of digital currencies in Nigeria. The bill would require the country’s Securities and Exchange Commission to recognize cryptocurrencies and other digital funds as investment capital. The proposed law will also define the regulatory roles of the Central Bank of Nigeria and the country’s Securities and Exchange Commission with regard to digital currencies.

NFT protocol Collection launches NFT DEX protocol for instant buying and selling of NFT

BBSV
January 06
According to The Block, NFT protocol Collection will launch an NFT DEX protocol on Ethereum’s Goerli test network today, allowing users to create liquidity pools for NFTs targeting specific standards. It will launch on the Ethereum mainnet later in Q1 2023. Users can set price parameters and limit the pool to certain collections, in-collection features, or socially curated lists to allow people to buy and sell NFTs faster and easier.

MEXC Exchange Launches $20 Million Special Fund to Support Sei Network Adoption

BBSV
January 05
The cryptocurrency exchange MEXC officially announced the launch of a special fund of 20 million US dollars to support the development of key projects of Sei Network. Sei Network is the first Layer 1 blockchain designed for transactions, between the general Layer 1 public chain and the specific Layer 1 public chain, providing a customized application environment for Dex. In September 2022, the public chain Sei Network launched a USD 50 million ecological fund.

Raydium's Bug Compensation Proposal Passes Vote With 100% Support

BBSV
January 04
According to official news, the Solana ecological decentralized exchange Raydium’s bug compensation proposal was voted through with 100% support. The proposal aims to compensate investors who were damaged by the December 15 hacker attack.

Binance has completed due diligence on the acquisition of Gopax, a South Korean exchange, and plans to acquire 41.2% of its shares

BBSV
January 03
Binance has recently completed due diligence on the acquisition of South Korean exchange Gopax, and is in the final steps of the confirmation process. Relevant people familiar with the matter said: "The original plan was to announce the acquisition around Christmas last year, but the final negotiation on the value of the shares is underway." It is reported that Binance will acquire the shares represented by Li Junxing (transliteration), Gopax's largest shareholder 41.2%), but in order to stabilize the operation, the original management system will be maintained for the time being. Gopax is one of the top five exchanges in South Korea where cryptocurrencies can be bought and sold in Korean won.

FTX announced the address of the assets seized by the Bahamas authorities, with a current net value of about 167 million US dollars

BBSV
January 02
FTX announced on Twitter the FTX asset address seized by the Bahamian authorities, which currently holds approximately US$167 million in assets, including 1938.41 Ethereum and nearly 196 million FTT, not the US$3.5 billion previously claimed by the Bahamian authorities. According to previous news, the Bahamas Securities Commission stated on Thursday that it has controlled more than $3.5 billion in digital assets of FTX, which will be used to repay FTX's customers and other creditors in the future, but the agency did not specify the type and value of the seized assets. FTX has previously asked Bahamian authorities to return the seized assets.

BlackRock Lends $17M to Core Scientific, Becomes One of Its Biggest Creditors

BBSV
January 01
According to The Block, the asset management giant BlackRock, through funds and accounts managed by its subsidiaries, has committed $17 million in debtor-in-possession loans to the bankrupt Bitcoin miner Core Scientific, becoming one of its largest creditors. As of Dec. 28, BlackRock held a total of $37.9 million in Core Scientific's secured convertible bonds, the document shows. Core Scientific filed for Chapter 11 bankruptcy protection in Texas on the 21st of this month, and plans to convert most of its debt into equity with the help of the bankruptcy court. The company does not plan to sell any machinery or operating facilities, but is considering selling the mine in development. Core Scientific had about $1 billion in debt in October, most of it in convertible bonds. Other major creditors include bankrupt crypto lending firm BlockFi, investment bank B. Riley, cryptocurrency financial services firm NYDIG, and Anchor Labs, the parent company of digital asset bank Anchorage Digital.