Tue, February 4

Luno Crypto Exchange Owned by DCG Announces 35% Layoff

Another member of the Digital Currency Group (DCG) has announced layoffs, a further indicator of continued market instability that started with the Genesis bankruptcy. The Luno exchange announced the termination of almost 35% of its worldwide workforce, citing market volatility as the reason for the cuts. Consensys, the firm behind

January 26, 2023 1 min read

Bybit Introduces Unified Trading Account (UTA) For Its Investors

Bybit, one of the most well-known cryptocurrency exchanges, has come up with a new initiative for its investors. According to the latest announcement from the trading platform, it has introduced a new feature called, Unified Trading Account (UTA), a flexible all-in-one account option that provides multiple benefits for Bybit customers. 

January 25, 2023 2 mins read

Gemini Announces 10% Layoff Citing Negative Macroeconomic Conditions

A representative for Gemini, a cryptocurrency exchange, confirmed on Monday that the company will be laying off 10% of its workforce. Gemini, which was co-founded by the Winklevoss twins, is subject to New York banking regulations. And has had to make at least three rounds of layoffs in less than

January 24, 2023 1 min read

Coinbase Will Soon List Three New Cryptocurrencies

Coinbase will soon add three new tokens to the listing roadmap for their cryptocurrency exchange. The exchange’s main intent of serving as a bridge to Web3 has been accompanied by this announcement.  Three further altcoins have been added to the crypto exchange’s catalog of tradable items. The recently introduced cryptocurrencies

January 24, 2023 1 min read

Moody’s Yet Again Lowers Coinbase’s Rating Despite Share Price Surge

On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate

January 21, 2023 2 mins read

No Crypto Firm Granted Full Market Product (FMP) License Yet by UAE

Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor

January 21, 2023 2 mins read

Former FTX U.S President Raises $5 Million Funding For New Startup

Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,

January 21, 2023 2 mins read

Robinhood Releases Software Wallet for Over 1 Million Users

It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will

January 21, 2023 2 mins read

Bybit CEO Confirms Exposure of $150M to Bankruptcy Filed Genesis

On January 20th, major cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy. In the aftermath of FTX’s demise by filing for Chapter 11 bankruptcy protection in New York. The crypto community, however, is now more concerned about other businesses that were exposed to the lending organization.

January 20, 2023 2 mins read

Thailand SEC Issues Rules For Firms Offering Crypto Custody Services

On Tuesday, the Securities and Exchange Commission (SEC) of Thailand made public new regulations. For the administration of digital wallets for custody of digital assets and keys.  Since January 16th, the new rules have been in place. The Thai SEC detailed the requirements for companies offering digital asset custody services

January 20, 2023 1 min read
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