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Gemini to halt operations in the Netherlands by mid-November
29.9.2023
The company cites the inability to meet the regulators’ requirements but says it intends to return to the Dutch market
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
29.9.2023
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in...
Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption
27.9.2023
The state of Sarawak in Malaysia has been prone to crypto mining rigs, many of which operate illegally.
Sarawak Energy, the state-owned electric utility firm, announced today that it has identified two illegal crypto mining sites, which caused recurrent power disruption in a few areas of...
Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
26.9.2023
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates
Crypto Platform Bybit to Suspend UK Operations Starting October 8 – What's Going On?
22.9.2023
Digital assets exchange Bybit, which cited early this month that new marketing rules in the UK would hinder its operations, will no longer accept new account applications from UK residents, starting October 1.
The new rules, announced by the UK’s Financial Conduct Authority (FCA), apply to...
Gofaizen and Sherle Introduces Its Second-Year Results: Over 1000 Projects for 400+ Companies
18.9.2023
PRESS RELEASE. Tallinn, September 18, 2023 – Gofaizen & Sherle, a leading Estonian fintech and crypto consultancy, is delighted to share its second-year results. Over the past 12 months, Gofaizen & Sherle has successfully completed more than 1000 projects for approximately 400 clients...
JPEX hikes withdrawal fees and freezes Earn program operations
18.9.2023
JPEX, a cryptocurrency exchange, has decided to suspend the Earn program on its platform for the time being. This resulted from the company’s admission of an existing liquidity issue, for which it accused third-party market makers of blocking the company’s funds in a malicious manner....
Polkadot community PolkaWorld halts operations after failed funding bid
16.9.2023
Brushfam founder Markian Ivanichok claimed that the Polkadot ecosystem "doesn't care about users" and expressed frustration on the governance process
SMI Vantage Expands Crypto Reach With New Bitcoin Mining Facility in Sarawak
15.9.2023
The Singapore-based investment management and software-as-a-service (SaaS) provider, SMI Vantage, plans to launch a bitcoin mining facility in the state of Sarawak in Borneo, Malaysia. The company has signed a rental agreement and anticipates operations to begin by the end of the third quarter....
Coinbase Exchange Remains Inactive in India, While Other Operations Are Still Active
11.9.2023
Coinbase continues to operate its tech-hub in India and provide wallet services to Indian customers while its exchange operations remain suspended
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Binance Executives for Russia and Eastern Europe Leave Top Exchange
8.9.2023
Two Binance executives responsible for the crypto giant’s operations in Eastern Europe and the former Soviet space have left the company. The departures come at a time when the leading crypto exchange finds itself under persisting regulatory pressure and is considering leaving sanctioned Russia....
Ethereum Foundation Issues 18 Grants for Account Abstraction Initiatives
8.9.2023
The Ethereum Foundation has announced the completion of its grants program to finance projects related to implementing ERC-4337, the account abstraction standard. 18 projects were selected to be part of this batch of grants, which feature different functionalities, including creating educational...
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
8.9.2023
The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the agency
Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid
7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...
Stake restarts operations after $41M hot wallet exploit
6.9.2023
Stake recently announced resuming its crypto gambling operations. The Australian-Curacaoan platform lost 41 million dollars in an exploit a month ago. According to Stake, user funds were not affected during the exploit. Any user who lost funds while transacting during the attack will...
GoMining: A New Way to Mine Bitcoin
31.8.2023
An Analysis Into GoMining’s New NFT, and their Tokenomics Bitcoin mining company, GoMining, has changed the way we think about bitcoin mining with their GoMining NFTs, giving holders a share of ownership in their mining operations. With over 2,000 BTC paid out over the last two years...
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
30.8.2023
Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit...
Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll
27.8.2023
While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away from the government-issued digital currency....
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...