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Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'

OP Labs, the developer behind the Ethereum layer-2 scaling solution Optimism, has announced a reduction in its workforce to streamline operations and concentrate on core projects. The company aims to enhance its focus on building essential infrastructure for the Optimism ecosystem. This decision comes amid a broader trend in the crypto industry, where several firms are downsizing in response to market conditions. OP Labs emphasizes that the layoffs are part of a strategic shift rather than financial distress. The company remains committed to its long-term vision for Optimism and the Ethereum network.

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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Authorities have frozen $3.5 million in cryptocurrency linked to the "SocksEscort" proxy network, which was involved in facilitating cybercrime. The operation was a collaboration between Europol and the U.S. Department of Justice (DOJ), targeting the network that provided anonymous internet access for illicit activities. The crackdown

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

The Optimism team has laid off 20 employees as part of a strategic shift in response to changes in Ethereum scaling and plans for migrating its Base layer-2 solution. This decision comes as the company aims to streamline operations and focus on its core objectives. The layoffs represent approximately 10%

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

The U.S. Senate has voted to ban Central Bank Digital Currencies (CBDCs) in a housing bill, reflecting concerns over government control of digital currencies. The provision aims to prevent the Federal Reserve from issuing CBDCs that could potentially infringe on individual privacy and financial freedom. However, the bill may

Nvidia Drops Nemotron 3 Super Amid $26 Billion Open-Model AI Bet—America's Answer to Qwen?

Nvidia has launched the Nemotron 3 Super, a new AI model, as part of its $26 billion investment in open-model AI development. This initiative aims to compete with other AI models like Qwen, positioning Nvidia as a key player in the rapidly evolving AI landscape. The Nemotron 3 Super is

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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

Nvidia Drops Nemotron 3 Super Amid $26 Billion Open-Model AI Bet—America's Answer to Qwen?