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Crypto Biz: The 3AC saga takes another bizarre twist
22.7.2022
Once the most revered hedge fund in crypto, Three Arrows Capital has gone bust. As it turns out, its holdings of Deribit shares may be much smaller than reported
Zipmex resumes withdrawals for trade wallets
22.7.2022
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively
DIA for Web3 Goes Live on the OKC Ecosystem & Mainnet
22.7.2022
DIA recently went live on OKC and its mainnet. DIA proposes an extensive data library as an end-to-end, multichain, open-source oracle and data platform for Web3. That is why OKC chooses DIA for its services, one of the most affordable and quickest blockchain networks. The platform is already...
Crypto.com scores regulatory approval from Cyprus SEC
22.7.2022
Crypto.com exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules
22.7.2022
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones...
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
SBF: Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort
21.7.2022
Billionaire CEO of the FTX exchange Sam Bankman-Fried sees a stable crypto market and wider FTX product range ahead pending regulation and a recovering world economy
Mercado Bitcoin plans to expand to Mexico
21.7.2022
The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country
Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies
21.7.2022
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using...
Hardware wallet industry to outstrip crypto exchanges: Report
21.7.2022
Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027
US authorities arrest former Coinbase manager, alleging insider crypto trading
21.7.2022
Three people allegedly used multiple Ethereum wallets to make purchases of certain tokens in advance of at least 14 separate Coinbase public listing announcements
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition
21.7.2022
SCB X notified the Stock Exchange of Thailand that the Bitkub acquisition is “still undergoing due diligence.”
Trade Republic, Crypto.com Register as Cryptocurrency Operators in Italy
21.7.2022
German investment platform Trade Republic and digital asset exchange Crypto.com have registered as crypto service providers in Italy. Since February, the financial authorities in Rome maintain a registry for all cryptocurrency platforms permanently operating in the country. More Companies Register...
Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
20.7.2022
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase
FTX and FTX US seek even more funding following acquisitions: Report
20.7.2022
Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January
Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners
20.7.2022
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex...
South Korean authorities raid 15 entities linked to Terra collapse: Report
20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday
Introducing User-Centric BKEX Exchange
20.7.2022
PRESS RELEASE. BKEX (Chinese name: 币客) is a global cryptocurrency exchange that offers trading services for over 1,000 cryptocurrencies (such as Bitcoin, Ethereum, etc.). BKEX, founded in 2018 in the British Virgin Islands, is considered to be the best cryptocurrency exchange in terms of service....
Bybit Announces Xana ($XETA) to Go Live For Spot Trading
20.7.2022
Bybit took to Twitter to announce that it was taking Xana or $XETA live for Spot Trading on July 20, 2022. $XETA is the primary native taken of the Xana ecosystem. Xana is a blockchain infrastructure based on EVM and custom-built specifically for the metaverse. Bybit was founded in 2018 with...
US federal agency issues legal advisory on NFT investments
20.7.2022
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate