U.S.-based crypto exchange Kraken will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions. Binance CEO Changpeng Zhao took a jibe at rival crypto exchanges Kraken and KuCoin. Zhao implied in a tweet that recent announcements made by his rivals were red flags. Meanwhile, Elizabeth Warren is finding herself shockingly on the side of big Banks for a change, arguing crypto exchanges should not receive any kind of FDIC insurance for customer funds.

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