Tue, February 4

Huobi Partners With Solaris to Launch Crypto-to-Fiat Debit Card in EU

For many traditional banks, bridging the divide between digital and fiat currencies is a top concern as the crypto industry continues to enter the mainstream. Huobi, a cryptocurrency exchange, has announced that it would create a cryptocurrency-to-fiat debit card in collaboration with Solaris, a European financial services company. Because Visa

January 13, 2023 2 mins read

Binance Announces Support For Upcoming Terra Classic Upgrade

Binance, a cryptocurrency exchange, has announced today that it would facilitate the upgrade to Terra Classic (LUNC), a project that sprung from the defunct Terra ecosystem. The update is scheduled to take place this Saturday. The update will take place at epoch 15,029, or around 04:50 UTC on Saturday, after

January 13, 2023 1 min read

Bankruptcy Court Allows FTX To Sell Key Subsidiaries and Assets

The bankruptcy court supervising FTX’s case has allowed the troubled cryptocurrency exchange permission to liquidate some of its assets in an attempt to repay its creditors. According to paperwork submitted to the Delaware Bankruptcy Court. Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. LedgerX, Embed,

January 13, 2023 2 mins read

Crypto Brokerage Platform Blockchain.com Announces 28% Layoff

Adding to a terrible week of carnage throughout the shattered cryptocurrency sector, cryptocurrency brokerage Blockchain.com said it is laying off 28% of its staff, or around 110 people. About 150 employees lost their jobs in July as Blockchain.com dealt with a $270 million blow on loans it made to failing

January 13, 2023 1 min read

Crypto Payments Platform Wyre Removes 90% Withdrawal Limit

Wyre, a cryptocurrency payment platform, has secured additional funding, allowing it to remove the 90% withdrawal cap it imposed earlier this week. The San Francisco fintech company stated on January 13 that it had acquired funding from a “strategic partner,” allowing it to resume business as usual, including taking deposits

January 13, 2023 1 min read

Crypto.com Announces Fresh Round of Layoffs by 20%

Poor market circumstances and recent industry developments, according to Crypto.com co-founder and CEO Kris Marszalek, have prompted a fresh round of layoffs that will lower the company’s worldwide workforce by another 20%. In a corporate update on January 13, Marszalek remarked: “Today we made the difficult decision to reduce our

January 13, 2023 1 min read

WonderFi and Coinsquare Have Advanced in Merger Talks

WonderFi, will provide access to decentralized and regulated centralized crypto platforms and is focused on defining the future of finance. And they revealed that it is in preliminary talks with another Canadian crypto exchange Coinsqure about a prospective merger. An official announcement is to issue in the coming days. Bloomberg

January 13, 2023 1 min read

Thailand SEC Reportedly Investigating Insolvent Zipmex Exchange

Reportedly, the Securities and Exchange Commission (SEC) of Thailand has begun looking into the troubled cryptocurrency exchange Zipmex. The latter’s compliance with local regulations on the sale of digital asset services and goods will be scrutinized by the regulator. Bloomberg reports that Thailand’s top financial regulator is to investigate insolvent

January 12, 2023 2 mins read

Credit Rating Firm S&P Global Lowers Coinbase Ratings Post Layoffs

Since Coinbase has recently been laying off a large number of employees. Investors’ faith in the company’s debt has taken a beating. The debt of the cryptocurrency exchange has been downgraded by one notch. From “BBB” to “BB-,” from “investment grade” to “speculative grade,” by S&P Global, one of the

January 12, 2023 1 min read

Nexo Office in Bulgaria Reportedly Raided Over Financial Violations

The Russian firm NEXO, with headquarters in Sofia, is the subject of a massive international operation for suspected fraud, sanctions violations, and money laundering. Reports indicate that prosecutors from the national security and DANS, with the assistance of foreign operatives, are conducting a raid on Nexo headquarters in the Bulgarian

January 12, 2023 2 mins read
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