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Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...
Global X Exits the Spot Bitcoin ETF Approval Race
31.1.2024
ETF provider Global X, has pulled its application for a spot Bitcoin ETF, an SEC filing on Tuesday showed. The CBOE BZX Exchange submitted a withdrawal notice for the Global X Bitcoin Trust on Jan. 26, around two weeks after the SEC approved 11 other spot Bitcoin ETFs. Securing approval for these...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Report: Turkey Exits From Foreign Exchange Protected Deposit Program
3.1.2024
On Jan. 1 Turkey ended its two-year-old foreign exchange (FX)—protected deposit program in what is seen as another step towards a return to orthodoxy. Treasury and Finance Minister, Mehmet Simsek also signaled the start of what he called a “permanent improvement in the current account.”...
December Ranks Fifth Highest Month in Crypto Scams With Over $100 Million Drained
2.1.2024
Source: Pixabay / Pete Linforth Blockchain security firm CertiK says that over $116 million was lost in December to cryptocurrency scams with exploits, exits scams and flash loan attacks recording highest figures. The firm posted the industry hack data for the previous on X (formerly Twitter)...
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
24.11.2023
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different...
BCB Group CEO Steps Down Following Exit By Fellow Executives
22.11.2023
Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday. A number of notable clientele BCB Group was originally founded by von Landsberg-Sadie and Oliver Tonkin as...
Crypto data platform Glassnode sells Bitcoin tax software to Blockpit
7.11.2023
After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings
Binance Appoints New Regional Head for Eastern Europe and Central Asia
28.10.2023
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...
Binance Executives in UK and France Leave Crypto Exchange
25.10.2023
Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions in Europe and beyond. Binance U.K., Bifinity...
Binance France Director Steps Down Amid Ongoing Senior Leadership Exits
19.10.2023
Binance France's general manager has decided to step down from her role after one year and six months, adding her name to the list of senior executives to leave the largest crypto exchange this year....
Read More: Binance France Director Steps Down Amid Ongoing Senior Leadership Exits
Binance France director resigns, adding to list of exits from crypto exchange
19.10.2023
Stéphanie Cabossioras is at least the tenth senior executive to depart the crypto exchange this year
Binance Sells Russian Unit to Day-Old CommEX, Exits Country
27.9.2023
Binance is set to fully exit the country with the sale and will have no ongoing revenue split, it said Wednesday
Binance fully exits Russia with sale to CommEX
27.9.2023
The financial details of the deal remain undisclosed, however as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy back shares, the companies said
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....
Another Executive Exits Binance Amid Regulatory Scrutiny
6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...
CZ Says News of Exec Departures at Binance Is FUD
9.7.2023
Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading...
Binance refers users to Coinmerce as exchange exits the Netherlands
6.7.2023
A reported “hundreds of thousands” of Binance users based in the Netherlands will have the opportunity to move their assets to Coinmerce for free as the exchange winds down
Binance Refers Dutch Users to Rival Coinmerce as It Exits Netherlands
6.7.2023
The world’s biggest crypto exchange said it would quit the Netherlands in June after failing to secure regulatory approval