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Binance
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports
CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.
Kraken’s Canada Customer Deposits Rose After Binance, OKX Plan to Leave
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw. Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, according to data sent to CoinDesk from a Kraken representative. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Nansen Cuts 30% of Staff To Reduce Expenses; Binance Says it Needs to 'Focus on Talent Density'
Nansen, a blockchain data analytics platform, announced a 30% reduction in headcount on Tuesday as it looks to cut costs alongside a continuing slump in cryptocurrency markets. Meanwhile, crypto exchange Binance said it needs to "focus on talent density across its organization" as it responded Wednesday morning to a report of job cuts. "The Hash" panel discusses what to make of the continued crypto layoffs in the latest fallout of the ongoing bear market.
Binance Says 'Reevaluating' Roles After Report of Layoffs
A report by independent journalist Colin Wu suggested sizable layoffs at the crypto exchange have already begun.
Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country
The crypto exchange halted Australian dollar bank transfers early May.
Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl
With facts hard to come by, a coterie of crypto players are taking action.
Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum.
Gulf Binance Clinches Thai Regulatory Approval
The joint venture between Gulf Innova and Binance aims to begin offering crypto services in the country later this year.
Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
Binance Japan may be still "a long way off" its business and activities being properly understood and in gaining regulatory acceptance, said the exchange's Takeshi Chino.
Binance Introducing NFT Loan Feature
Binance marketplace is launching a non-fungible token (NFT) loan feature where digital asset holders can secure ETH loans by using their NFTs as collateral. "The Hash" panel breaks down the new service and what it means for NFT holders.