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Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
30.11.2022
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional...
Libertex crypto exchange head Vyacheslav Taran dies in helicopter crash in France
29.11.2022
Taran’s death is the third to shake the crypto world in recent weeks, following Amber Group’s Tiantian Kullander and MakerDao’s Nikolai Mushegian
Crypto Exchange Bitfront Shuts Down Amid Industry Challenges
29.11.2022
Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital...
Huobi Token Surges After Crypto Exchange Discloses Airdrop of Dominica Coin
29.11.2022
The deal is noteworthy partly because of its connections to the crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island's new token will reside
Korean Crypto Exchange Upbit's Parent Q3 Profit Slides 73%: Report
29.11.2022
Dunamu's net profit dropped to 160 billion won ($120 million), hit by lower trading and crypto market declines, CoinDesk Korea reported Tuesday
Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall
29.11.2022
The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking...
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
29.11.2022
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan...
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
29.11.2022
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement
Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed
29.11.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including...
Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran
28.11.2022
Kraken has agreed to pay $362,1159 to settle its potential liability for violating U.S. sanctions against Iran
Social Media Giant LINE Closes Its Crypto Exchange Bitfront
28.11.2022
Japanese social media company LINE has announced that it will close Bitfront, a crypto exchange that it launched in 2020
Black Swan Author Nassim Taleb Calls Coinbase Crypto Exchange ‘Worthless’ – Here’s Why
28.11.2022
Nassim Taleb, author of the best-selling book The Black Swan, believes Coinbase, the biggest cryptocurrency exchange in the US, is "worthless."
In a recent tweet, Taleb said that Coinbase has negative cash flow, meaning it has more outgoing than incoming money, a “grisly” future even if...
Line shuts down crypto exchange to focus on blockchain and LN token
28.11.2022
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges
Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
28.11.2022
As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere...
AAX exec leaves the crypto exchange amid ongoing operational halt
28.11.2022
Former AAX executive Ben Caselin said that his role in the firm became hollow and that the trust in the brand is broken
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal
28.11.2022
According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)’s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of failing to furnish...
Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’
28.11.2022
The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross...
Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange Collapsed
28.11.2022
Alameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating...
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
28.11.2022
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
Coinbase: Institutional Investors Increased Allocations During Crypto Winter, Long-Term Price Outlook Positive
28.11.2022
A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook...