Byju’s Lays Off 500 Workers at WhiteHat Jr, Toppr; Sacked Employees Claim Number Higher

Byju’s announced on Thursday that it has laid off less than 500 workers at WhiteHat Jr and Toppr, as part of efforts to recalibrate its business priorities and accelerate long-term growth. Meanwhile, sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The employees also claimed that they got a call from…

Cryptocurrency Asset Firm Grayscale Sues SEC for Blocking Bitcoin ETF

Crypto assets firm Grayscale has filed a petition with a federal appeals court on Wednesday, after the Securities and Exchange Commission (SEC) said the proposed fund did not meet the requirements for investor protection and lacked sufficient safeguards against fraud and manipulation. The company said the legal move was called for due to the SEC’s…

Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails

Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptocurrency lending firm…Read More

Coinbase Denies Selling Transaction, Location Data of Crypto Users to US Authorities Amid European Expansion Plans

Coinbase Tracer is not selling user data to the US government, a company spokesperson told the media amid raging rumours making the rounds on the subject. Coinbase crypto exchange, that recently laid-off 18 percent of its workforce, has refused to be selling transaction history and geolocation data of crypto users active on its platform to…