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Macroeconomic data points toward intensifying pain for crypto investors in 2023
6.1.2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...
Huobi net outflows crossed over 60M within the past 24 hours: Report
6.1.2023
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week
Binance joins association to address compliance with global sanctions
6.1.2023
The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran
Coinbase and ENS partner to provide cb.id usernames for free
6.1.2023
Coinbase and ENS, short for Ethereum Name Service, have entered into a partnership to provide Web3 usernames to its users for free. These usernames are managed by Coinbase. They can be claimed through the desktop or mobile applications by new and existing users. A username, cb.id in this case...
Huobi confirms 20% layoffs, denies insolvency rumors
6.1.2023
Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role
What is institutional DeFi and how can banks benefit?
5.1.2023
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys
5.1.2023
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader...
Coinbase & NYDFS to settle compliance investigation
5.1.2023
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
4.1.2023
Traders are piling into BONK, boosting its price by triple-digits in the last 24-hours and possibly hinting at a trend reversal in Solana price
Cake DeFi publishes Merkle tree-based Proof of Reserves
4.1.2023
According to Cake DeFi, users can now verify both assets and liabilities through their website
Coinbase reaches $100M settlement with NY regulators
4.1.2023
Regulators stated that the company had a backlog of 100,000 alerts about potential suspicious customer transactions
Sam Bankman-Fried Pleads Not Guilty to Criminal Charges in ‘Epic’ FTX Cryptocurrency Exchange Fraud – This is All You Need to Know
4.1.2023
FTX founder Sam Bankman-Fried pleaded not guilty in a New York court on Tuesday, where the judge scheduled the trial against the former crypto mogul to begin in the fall.
US District Judge Lewis Kaplan decided during Tuesday’s hearing that Bankman-Fried’s trial will begin on October 2 this year....
MEXC launches a $20 million fund to support key Sei projects
4.1.2023
MEXC has announced the launch of a $20 million ecosystem fund to support the Sei Network adoption. MEXC is a reputed crypto trading platform, featuring in the top 3 crypto platforms in Asia and 10 across the globe. It was founded in April 2018, and according to our MEXC exchange review, the venture...
Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report
4.1.2023
An executive of the largest shareholder of cryptocurrency exchange Bithumb was found dead outside his home. He allegedly committed suicide by jumping off a building while under investigation by Korean prosecutors for embezzlement and stock market manipulation. Executive Found Dead Amid...
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
3.1.2023
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market
Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert
3.1.2023
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675...
BONK to go live on MEXC in Assessment Zone
3.1.2023
MEXC announces the launch of trading for BONK, a project by Bonk Inu, by initially enabling the trading pair BONK/USDT. According to the timeline shared by the MEXC exchange platform, deposits are already active, and trading is scheduled to start on January 3, 2023, at 11:00 UTC. Withdrawals will...
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...