US Sanctions Russian Crypto Brokers Over North Korean IT Fraud

byAli Raza Abbas •

TLDR The US Treasury has sanctioned 10 individuals and one entity linked to North Korean IT worker fraud. Two Russian nationals, Ilya Boykov and Vitold Obertas, allegedly converted millions in crypto for North Korea. The Treasury also de…

Utexo Bets on Privacy to Bring USDT Back to Bitcoin

byAli Raza Abbas •

TLDR Dubai-based startup Utexo plans to relaunch Tether’s USDT on Bitcoin using the RGB protocol, with a public launch set for November 28. Lightning Network support is expected in the first quarter of 2027. The project faces a market whe…

Christine Lagarde Sets February 2027 Exit From ECB Presidency

byAli Raza Abbas •

TLDR European Central Bank President Christine Lagarde will leave her post on February 7, 2027. She will have served about seven years and three months , short of her full eight-year term. The European Council will appoint her successor under an…

Microsoft Layoffs: 60,000 Employees Offered Voluntary Buyouts

byAli Raza Abbas •

Microsoft layoffs are taking a softer form right now, as Microsoft offered voluntary buyouts to around 60,000 employees in the U.S., Canada, India, and the U.K. on Oct. 26. That’s about 27% of its 223,000 workers. Eligible staff have until early Dece…

PancakeSwap Opens Vote To Cut CAKE Emissions By Around 69%

byAli Raza Abbas •

TL;DR: PancakeSwap’s ‘The Flip’ vote would boost liquidity providers ‘ share of certain trading fees to 88% while cutting daily CAKE emissions to 7,000. PancakeSwap holders are being asked to decide how much value should go to liquidity pr…

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