CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months. Author: Rosie Perper
NFT Marketplace SuperRare Cuts Staff by 30%
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift. Author: Cheyenne Ligon
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet
Poolin had issued I-owe-you tokens in exchange for its users’ crypto deposits. A Singapore judge said that’s not okay. Author: Eliza Gkritsi
Crypto Exchange Huobi Experiences Heavy Token Outflows: Nansen
On-chain data shows that more than $60 million in tokens has left the exchange in the last 24 hours, while stablecoin reserves have dropped 9.5% in a week. Author: Sam Reynolds
Cathie Wood’s ARK Invest Buys About $5M of COIN, Continuing Her Dip-Buy Parade
Coinbase shares closed down 11.06% at $33.53 on Thursday. Author: Greg Ahlstrand
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