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This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs
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As we reported this week, Binance acknowledged that it had been mistakenly mixing the collateral it holds for some of its tokens…. in the same digital wallet as other types of funds.
This kind of operational issue is a challenge for these exchanges, especially now, at a point when both regulators and customers are paying super close attention to how this industry is managing its transparency.
Also, layoffs continue to happen in crypto - and that’s impacting other industries, with numerous companies tightening their belts and shedding workers. Bloomberg senior editor Anna Irrera and Bloomberg reporter Justina Lee join to discuss.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter
See omnystudio.com/listener for privacy information.
225 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on January 04, 2024 14:43 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 353654783 series 3358535
As we reported this week, Binance acknowledged that it had been mistakenly mixing the collateral it holds for some of its tokens…. in the same digital wallet as other types of funds.
This kind of operational issue is a challenge for these exchanges, especially now, at a point when both regulators and customers are paying super close attention to how this industry is managing its transparency.
Also, layoffs continue to happen in crypto - and that’s impacting other industries, with numerous companies tightening their belts and shedding workers. Bloomberg senior editor Anna Irrera and Bloomberg reporter Justina Lee join to discuss.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter
See omnystudio.com/listener for privacy information.
225 episodes
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