Binance US CEO resigns as one-third of staff is laid off

Binance US CEO Brian Schroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, a company spokesperson said.

The departure comes as the company is conducting a second round of layoffs, cutting about a third of its staff, or more than 100 positions, as regulatory crackdown undermines its business.

Binance Holdings has been shedding executives and other employees in recent months as well. This month, two executives overseeing regions including Eastern Europe and Russia left. In August, Binance lost its Asia-Pacific’s head and in July, a slew of executives including its chief strategy officer.

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FTX 2.0: crypto exchange to lay out reboot plan

FTX has contacted more than 75 bidders since May to gauge industry interest in supporting the reopening of the exchange, according to a presentation filed in Delaware state court.

Several bidders have submitted proposals that are currently going through the due diligence and information exchange process, the legacy managers said, and the deadline for submitting new proposals is Sept. 24.

A plan to relaunch a new version of the defunct cryptocurrency exchange could come as early as next year.

In case you’re new to this, FTX was one of the world’s largest digital asset trading platforms prior to its bankruptcy.

It was a key part of a cryptocurrency empire controlled by its now-jailed CEO Sam Bankman-Fried, who faces trial next month on fraud and other charges.

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The BRICS countries are discussing the possibility of creating a common unit of account (XLM/Stellar??? 😉) that would serve as an alternative to the U.S. dollar Minister Siluanov told the Chinese state-run CGTN TV channel during the BRICS summit.

The prospect of issuing single currency (😉) for the bloc, which unites leading emerging economies, (Uniting Emerging Countries = Level Playing Field” ❤️🫂❤️) is one of the topics of the talks.

Anton Siluanov pointed out, however, that the main emphasis, when it comes to the development of trade relations, is now placed on settlements in national currencies,

“We see the potential to discuss the creation of unified settlement systems, (🎉💃🏼🍾)” he said

“Enjoying the Show”
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