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Nalezeno "Crypto Winter": 71

Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses


A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...

Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees


African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...

Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump


Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday. Svanevik said that the decision to reduce the company’s cost base, which is “too high relative to where the company is today”, was based on the fact that Nansen...

Please Enjoy the Final Crypto Winter


With U.S. regulations and policy coming soon, the frauds, scams and irresponsible investment management practices that led to the current market downturn will be things of the past, reasons Paul Brody of EY

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return


According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter


Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...

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