![]() ![]() In a tweet on Wednesday, Brink said Dorsey and Start Small pledged to make $1 million in donations annually for the next five years as part of “developer funding efforts.” Dorsey launched the fund in April 2020 prior to his departure as CEO of Twitter, in an effort to fight the COVID-19 pandemic.įounded in 2020, Brink offers fellowships and grant programs to support open-source Bitcoin developers and engineers. Jack Dorsey donates $5m to Bitcoin initiativeīrink, an NPO aimed at supporting Bitcoin developers, has announced a $5 million donation from Block CEO, Jack Dorsey and his Start Small funding group. The latest layoffs came after the US SEC brought a civil lawsuit against Binance, its two US affiliate firms, and CEO Changpeng Zhao. Binance.US did not confirm the layoffs officially, however, at least two employees of the US-based crypto exchange confirmed their exit on Wednesday on Linkedin. The report detailed that the laid-off staff belonged to Binance.US’ legal, compliance, and risk departments. Here is all you need to know about securities/non-securities, the cause of the SEC – Binance unending drama Per a Reuters report that cited two anonymous sources, the US affiliate of Binance has laid off around 50 staff across divisions in the latest round of workforce reduction. “ We have Bitcoin now we need it to power all trade.” Binance US fires 50 staff Youssef’s vision, on the other hand, focused on leveraging the power of Bitcoin and other cryptocurrencies as the foundation for a pan-African currency: The statement highlighted the potential political and economic implications of unifying Africa under a single currency. That comment came as a response to a Twitter user who suggested that the late Libyan leader Muammar Gaddafi’s vision to establish a single African currency, the dinar, played a role in his demise. That is how fast Africa would move if it had ultrasound hard money connecting all its states.” Ray Youssef ![]() “ A pan-African currency would sprout 100 Dubai’s in 2 decades. In a tweet on Wednesday, Ray Youssef, the former CEO of Paxful, expressed his belief that a pan-African currency backed by cryptocurrency could revolutionise the African economy: Ray Youssef pushes for pan-African crypto The new trial will focus on the charges of bribery conspiracy, conspiracy to operate an unlicensed money-transmitting business, bank fraud conspiracy along with derivatives and securities fraud. ![]() Further indictments added another five charges in February and March 2023. The FTX founder was extradited to the United States in December 2022 on eight criminal charges. Photographer: Lam Yik/Bloomberg via Getty Images FTX, the digital-assets trading platform launched two years ago by Bankman-Fried, said it handled enough volume last month to make it one of the largest crypto exchanges. Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. ![]()
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