Sat, February 1

Crypto Lending Platform Hodlnaut Fires 80% of Working Staff

Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurrency lending platform, froze withdrawals, token swaps, and deposits on August 8 citing market circumstances.  The troubled company seeks Singapore creditor protection on Tuesday to

August 20, 2022 2 mins read

Prominent Australian Exchange ‘Swyftx’ Lays off 21% Workforce

The crypto exchange announced in June that they will be combining with Superhero. Swyftx is the latest cryptocurrency company to experience growing pains. To combat the present bear market, Australian cryptocurrency exchange Swyftx has been compelled to lay off 21% of its workforce. Co-CEOs Alex Harper and Ryan Parsons sent

August 20, 2022 1 min read

Binance U.S Acquires Money Transmitter License in Nevada

The time required to get a license is a huge drawback of this approach. State governments may impose their own regulations on the services. Binance US, Binance’s American subsidiary, recently announced that it has been granted a Nevada Money Transmitter License. Binance US now has licenses in a total of

August 20, 2022 2 mins read

South Korea Cracks Down on Numerous Exchanges Over Regulations

The organization has identified 16 service providers. Local exchanges’ offices were raided last month as part of an inquiry. More than a dozen cryptocurrency exchanges risk losing clients in South Korea as officials crack down on international companies they allege are operating illegally in the country. According to a news

August 19, 2022 2 mins read

Crypto Exchanges in Ontario Have a $30K Annual Cap on Buying Altcoins

On August 16 Newton announced that they officially registered with the Ontario Securities Commission(OSC).  Many modifications were made to the Newton platform to safeguard investors from hazards. To “protect customers” despite stricter laws, Canadian cryptocurrency exchanges Bitbuy and Newton are implementing a $30,000 (CAD) annual “buy limit” for “restricted coins”

August 19, 2022 2 mins read

Genesis CEO Steps Down While Broker Announces 20% Layoff

DCG, or Digital Currency Group, owns Genesis and is headquartered in New York.  Derar Islim, who joined the business in 2020, is filling in for Moro. Some of the largest companies in the market have had to scale down their expansion plans as a result of the ongoing crypto winter

August 18, 2022 1 min read

UK Financial Conduct Authority (FCA) Grants Crypto.com Registration Approval

Crypto.com, the most rapidly expanding cryptocurrency platform globally, has now revealed that it has been officially recognized as a crypto asset firm by the UK’s Financial Conduct Authority (FCA). With this authorization, Crypto.com may provide a full range of services to consumers in the UK while adhering to all applicable

August 17, 2022 1 min read

Coinbase Exchange Reportedly Sued in the State of Georgia

Pomerantz LLP has also filed suit against the exchange. Coinbase is accused of making false and misleading statements. Coinbase is been sued many times and is under growing scrutiny from authorities. Two law firms filed lawsuits against the cryptocurrency exchange in San Francisco, which is already under investigation by the

August 17, 2022 2 mins read

Huobi Global Stops Derivatives Trading in New Zealand

Inaccessibility to these features would take effect on August 23 for these users. Huobi left Thai territory not too long ago after a dispute with authorities. Governments everywhere are scrambling to find ways to accommodate the cryptocurrency industry as interest in it grows. All throughout the globe, exchanges have been

August 16, 2022 2 mins read

Brazil Witnesses Introduction of New Crypto Trading Platforms

In September of last year, Mynt’s release was announced. Key Brazilian broker XP has also shifted its focus to the cryptocurrency market. Bitcoin (BTC) and other cryptocurrencies have been widely adopted by people throughout the globe, and Brazil has become a major hub for the sector. Many smaller banks were

August 16, 2022 2 mins read
Floating Icon