Winklevoss’ Gemini Exchange Cuts Another 10% of Staff [ Crypto Espresso 1.24.22 ]

Happy Mo wait a minute it's Tuesday Specifically the Tuesday news day The Time Machine worked that's right I'm Your host Andrew and I've successfully Avoided my dreaded arch nemesis Monday Now strap yourselves in for the one the Only the crypto espresso your teeny tiny Daily shot of caffeinated crypto Headlines first up Gemini is reportedly Undergoing its third major round of Layoffs The Exchange owned by the Winklevoss twins wait a minute oh Gemini Is Latin for twins how did I just get That anyway the exchange has been badly Affected by genesis's bankruptcy some 900 million dollars is owed to 340 000 People with Gemini earned accounts Reports suggest the trading platform Will now cut 10 percent of rolls that's In addition to a 10 reduction from last June and another seven percent cut from July in a message to staff seen by the Information Cameron Winklevoss blamed Persistent negative macroeconomic Conditions and unprecedented fraud Perpetrated by Bad actors in our Industry in a bankruptcy court Genesis Lawyers said there have been around the Clock negotiations with creditors which Is certainly something Winklevoss might Dispute europol has claimed that almost Half of all transactions on bits Lotto Were linked to Crime The Exchange is Suspected of facilitating the laundering

Of large amounts of criminal proceeds And converting them into rubles Officials said well bits Lotto has now Been shut down and its Russian founder Was dramatically arrested in Miami for Others including its CEO Financial Director and marketing director were Arrested in Spain and Cyprus its digital Infrastructure was seized in France Offering investigators new channels to Pursue making the announcement last week The U.S Department of Justice declared That it had dealt a significant blow to The crypto crime ecosystem ethereum Co-founder vitalik buterin has suggested A method of hiding the identity of Recipients of all erc20 tokens in a blog Post he suggested updating the Blockchain to support single-use stealth Addresses which would support nfts Ethereum service addresses and more Obscure altcoins too buteran warned that Right now using ethereum applications Involves making a significant portion of Your life public for anyone to see and Analyze stressing this would not involve Creating a new coin mixer he explained Stealth addresses give the same privacy Properties as Bob generating a fresh Address for each transaction but without Requiring an interaction from Bob good News for Bob I guess the FBI has Confirmed that North Korean hackers used Railgun to launder more than 60 million

Dollars stolen from Harmony's Horizon Bridge last year which leads to one big Question will it be the next Target of Crypto sanctions by the U.S office of Foreign assets control in August ofac Broke new ground by imposing sanctions On tornado a fully Dow controlled Decentralized Finance project that Became the first ever piece of software Hit with sanctions which had previously Only been imposed on people or Businesses which are legally people Unlike a traditional mixing service Railgun does not seek to obfuscate Transactions by mixing multiple trends Sections together instead it uses ZK Snarks cryptography and finally the European Central Bank will not issue a Digital Euro that can be programmed to Limit how it can be used and executive Board member says while it would be Possible to program a regular payment Paying rent for example Fabio Panetta Said an EU cbdc would not set any Limitations on where when or to whom People can pay with a digital Euro in The US for example recipients of the Supplemental nutrition assistance Program or snap which used to be known As food stamps cannot use the funds for Alcoholic beverages cooked food Restaurants or non-food items like Laundry detergent usually found in Supermarkets such limitations Panetta

Said would be tantamount to a voucher And here's a voucher for a free Engagement Spiel and oh I guess you're Redeeming it now let me get that for you Like this video subscribe to our YouTube Channel and click on that little bell Icon to get buzzed whenever a new crypto Espresso video goes live and what'd you Think about today's episode well we Still don't have comments so I'll just Pretend to hear you and I'll react Accordingly uh-huh wow very interesting Thanks for sharing questions about our Headlines or crypto in general ask Alex In that description below Alex is a Great resource for all things web 3 and The metaverse end that about does it for Today again I've been your host Andrew These have been your headlines and we'll See all of your beautiful shining faces Tomorrow

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