Mon, January 20

Following Aftermath of Recent Slump Bitpanda Announces Workforce Layoff

The firm is it is cutting its workforce from 1,000 to 730. The rapid pace of recruiting was a miscalculation and unsustainable as per the firm. Crypto industry firms are finding themselves in a terrible situation when crypto winter sets in: laying off employees. Bitpanda, situated in Vienna, Austria, said

June 25, 2022 2 mins read

Goldman Sachs Advice Celsius to File Bankruptcy

Celsius had more than $8 billion lent to clients and $12 billion in assets. All of Celsius’ assets might be bought by Goldman Sachs. The Wall Street firm Goldman Sachs is looking for $2 billion in commitments from investors to purchase distressed assets at significant discounts. According to the source,

June 25, 2022 1 min read

Coinbase Announces Closure of Coinbase Pro in Order to Merge Services

The company said it would inform its users about when the service would be phased off. Coinbase Pro’s volume-based fees will apply to Advanced Trade. After announcing intentions to reorganize its services and merge them into a single platform, Coinbase Pro, the crypto exchange’s professional trading platform, would no longer

June 24, 2022 2 mins read

Coinbase Diversifies Options with Polygon and Solana

Coinbase exchange launches the first crypto derivatives product that Nano Bitcoin features (BIT) on June 27. The worldwide volume of the crypto derivatives market is $3T. On Thursday, Coinbase American-based crypto exchange platform announced that it will allow users to send and receive cryptocurrency on a multiple-networks, starting with Polygon

June 24, 2022 2 mins read

CoinFLEX Exchange Pauses Withdrawal Citing Extreme Market Conditions

More than $500 million to $1.5 billion was traded in the last 24 hours. FLEX Coin, will be suspended in addition to the suspension of withdrawals. CoinFLEX, a cryptocurrency exchange, has halted withdrawals, joining a growing number of companies that have done the same. CoinFLEX said today that it has

June 24, 2022 2 mins read

Leading Exchange Bybit and Ontario Securities Commission (OSC) Reach Settlement

Bybit said today that it has reached a settlement agreement (the “Settlement Agreement”) with the Ontario Securities Commission (“OSC”) addressing the issues mentioned in the OSC’s Statement of Allegations from June 21, 2021. Bybit contemplates various actions under the Settlement Agreement and the related Undertaking while participating in registration negotiations

June 23, 2022 2 mins read

KuCoin Fails to Comply With Ontario Regulator OSC, Faces Ban

Both Bybit and KuCoin, were found to violate securities laws. Charges of USD 2,000,000 and $96.5K have also been filed against KuCoin. KuCoin has been permanently barred from trading on the Ontario Stock Exchange (OSE) for violating securities laws. OSC announced the news in a press release issued not long

June 23, 2022 2 mins read

FTX Added New Trading Pairs For AVAX, MATIC & TRX

FTX partnered up with BlockFi to offer a new credit line  FTX offers trading opportunities for over 100 cryptocurrency trading pairs. FTX a Bahamas-based centralized cryptocurrency exchange added trading pairs for Avalanche (AVAX), Tron (TRX), and Polygon (MATIC).  The whole cryptocurrency market is facing a downtrend, it lost more than

June 23, 2022 1 min read

Binance.US Lures Traders by Waving Off Bitcoin Spot Trading Fee

The United States claims to have some of the lowest fees in the business.  A seed round valuing the firm at $4.5 billion was completed in April. According to Binance.US, all clients will no longer be charged fees while trading bitcoins on the spot market. Spot trading fees will no

June 22, 2022 2 mins read

Crypto.com Approved by Monetary Authority of Singapore

Crypto.com will provide services under the Payment Services Act. Crypto.com has more than a million users globally. Today Crypto.com announced that The Monetary Authority of Singapore (MAS) has given its Major Payment Institution License preliminary approval to Crypto.com. Crypto.com is the fastest-growing exchange platform that got Principle Authorization approval from

June 22, 2022 1 min read
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