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FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers
28.1.2023
Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions “related to crypto asset transfers should...
Ethereum devs create 'shadow fork' to test conditions for Ether withdrawals
23.1.2023
Developers are attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
23.1.2023
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian...
Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease
19.1.2023
The recent risk revival in traditional markets and cryptocurrencies may not sustain as the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said
Coinbase halts its operations in Japan to review market conditions
19.1.2023
The Japanese arm of Coinbase has published an official blog post to announce that it is halting its operations in the region amid the present market conditions. Coinbase aims to review the business’s operations before moving forward with any other developments. Customers in Japan can deposit...
Coinbase Exits Japan Citing "Market Conditions"
18.1.2023
Cryptocurrency exchange Coinbase is exiting Japan due to market conditions. The move comes days after the company announced its third round of layoffs in less than a year amid the ongoing bear market.
In a Wednesday blog post, the exchange said it has made the "difficult decision" to halt...
e-Money unfurls EEUR owing to bear market conditions
11.1.2023
e-Money happens to be a Cosmos-based electronic payment system. After much deliberation, the entity has finally decided to pull back its euro-backed stablecoin EEUR. According to reliable sources in their camp, this much-thought-out step has been taken considering the present crypto bear market...
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’
11.1.2023
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7%...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
1.1.2023
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...
Disgraced FTX Co-Founder Accused of Moving $684K in Crypto Assets While Under House Arrest
30.12.2022
According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is...
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market
29.12.2022
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange...
Binance's Cloud Mining affected by extreme weather conditions in North America
28.12.2022
Users' subscriptions to cloud mining products have been extended for three days due to the power outage
Binance's cloud mining affected by extreme weather conditions in North America
28.12.2022
Users' subscriptions to cloud mining products have been extended for three days due to the power outage
New Report Shows DeFi Outperforming Traditional Finance in Market Conditions
22.12.2022
Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found.
The report, prepared by the crypto-focused investment firm Hashkey Capital, said the scalability of DeFi solutions already surpass that...
Defi More Scalable Than Traditional Finance, New Study Says
22.12.2022
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021...
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
14.12.2022
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions
24.11.2022
Reasons for the 38% cut also include uncertainty in the venture capital market, CEO Marcelo Cavazzoli said
Bitget Gives Investors an Edge With a Series of Crypto Social Trading Features
24.11.2022
For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information regarding trading instruments and market conditions can often be hard to come by or, at other times, too complex for beginners to grasp. Here at Bitget,...
A Message from MaskEX
22.11.2022
PRESS RELEASE. Despite recent unfavourable market conditions, the MaskEX team wishes to thank its users for remaining loyal to the company. MaskEX aims to ensure that all transactions through the MaskEX website and app are secure and reliable. Additionally, the exchange guarantees the safety...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...