Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPOAccording to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation.https://t.co/ilCpK6ZFKv ...

South Korean Banking Giant Hana Bank Buys 670 Million USD Stake in Upbit Operator DunamuAccording to Bloomberg, Hana Bank, one of South Korea’s largest commercial banks, acquired a 1 trillion won, or about 670 million USD, stake in crypto exchange operator Dunamu. Hana Financial Group said on Friday that Hana Bank’s board approved the purchase of 228 million shares in Dunamu from Kakao Investment. Dunamu operates Upbit, South Korea’s largest crypto exchange. ...

Upbit to Delist NKN, Sets July 16 Withdrawal DeadlineUpbit, South Korea’s largest crypto exchange, announced it will end trading support for NKN (NKN) at 14:00 on June 15, delisting the NKN/BTC pair. Users must withdraw their NKN by July 16, after which withdrawals may no longer be processed. ...

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Binance, the world's largest crypto exchange, says it has deployed more than 100 AI models to counter a surge in AI-powered scams. https://t.co/m90Xk3mbsl ...