Connect with us

News

Kraken affirms that it pays some of its employees in Bitcoin [BTC]

Yash Rajan

Published

on

Crypto wave to sweep hard cash salaries: Pacing with modern economy
Source: Pixabay

Kraken, one of the most popular exchanges in the crypto-verse, recently affirmed that they have been giving Bitcoin [BTC] as salaries to some of its employees. Sources claimed that the move was the next big thing in the market as it might evolve to become the next major trend in the modern economy.

Kraken made the affirmation on a Twitter thread by Peter Schiff, a popular gold advocate:

“Nobody would want to be paid in Bitcoin. There is no way that people are going to work for salaries paid in Bitcoin.”

Replying to this, Kraken’s official Twitter handle said that this was not true as some of its employees were being paid in Bitcoins. The post further added that in April, 250 employees were reportedly paid in Bitcoin.

The exchange said:

“More employees are opting for crypto every month.”

Kraken’s reply in full:





Subscribe to AMBCrypto’s Newsletter


Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Binance Chain testnet undergoes ‘Galileo’ update via hardfork; mainnet to follow suit

Avatar

Published

on

Binance Chain testnet to receive 'Galileo' update via a hardfork; mainnet to follow soon
Source: Unsplash

Binance Chain’s testnet underwent a hardfork today at block height 24,020,000, at around 2019/06/26 7:00 AM (UTC). The new update will have various bug fixes, improvements to the existing chain, and is expected to improve on-chain performance.

The new announcement details all the features the new update will include for DEX users, or any exchanges that list BNB, or run a client. The BNB blockchain will provide validators access to create a “delist protocol” and vote on delisting trading pairs that have very little volume for a long time via governance.

The Galileo update will also provide a “Time Locking” feature for token assets, while also improving the Match Engine in Binance DEX, which according to the blog is “not optimized in some cases.” The complete list of changes is available for users to read in the changelog.

The testnet changes will be followed by changes on the mainnet. The blog added,

“Binance Chain Mainnet will also be undergoing an upgrade a few weeks later (please stay tuned with the later announcement).”

Additionally, Binance also announced the launch of Binance 2.0 for everyone, which also includes the margin trading feature on Binance. The Binance 2.0 has the website revamped, with the old one being decommissioned soon.

While some users complained that there were problems depositing USDT, others complained that margin trading feature was still not available.

A Twitter user, @rallyqt, commented,

“- Galileo upgrade
– Margin
– Binance stable coin
– Binance DEX
Keep building & piecing the Binance ecosystem together! 🧩
@cz_binance, how many users signed up for Binance this year? Alt fomo season starts when exchanges have to temp close due to an influx of users haha 😉😊”

CZ replied,

“We have increased our registration capacity in anticipation of this, a year ago. It should work, in theory, let’s see what happens. 😂
Registrations are definitely picking up speed.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading