Tue, September 9

Will Celsius Bankruptcy Filing Safeguard It From Crashing Down?

Celsius filed the Chapter 11 bankruptcy protection.  Chapter 11 allows a company to continue operating while restructuring its debt. After a month of turbulence, cryptocurrency firm Celsius has filed for Chapter 11 bankruptcy protection to restructure in a way that increased value for all stakeholders in the US Bankruptcy Court

July 14, 2022 2 mins read

Brazilian Fintech Firm ‘Picpay’ To Offer Crypto Exchange Services

More than 60 million app users in Brazil will be able to use the new features. Paxos, a firm known for providing crypto management, has been chosen. Fintech organizations are increasingly embracing crypto to enhance their service offerings to their clients. Picpay, a Brazilian fintech, and payments firm, announced it

July 13, 2022 1 min read

Prominent Brokerage Firm M1 Finance Plans To Offer Crypto Services

This new asset class may now be included in their long-term investment plan. Pie-based investing is a fundamental feature of M1 Finance. Many crypto investors will be frightened in 2022 due to a bear market, but online brokerage business M1 Finance plans to provide cryptocurrency trading accounts and services soon.

July 12, 2022 2 mins read

Iranian’s Used Binance Services Despite U.S Sanctions as per Report

Traders from Iran were banned from Binance’s exchange in November 2018. The company has been utilizing Reuters WorldCheck for KYC verification since 2018. According to a report, Binance, the world’s biggest cryptocurrency exchange, continues to service Iranian clients despite a corporate ban and economic sanctions. Binance has added Iran to

July 12, 2022 2 mins read

Vauld CFO Resigned From Designation Amidst Market Dip

Jatin Mazalcar left Vauld after the crypto lender stopped withdrawals. Vauld halted all withdrawals on July 4th due to the financial difficulties. Vauld CFO Jatin Mazalcar has left the company after the Singapore-based cryptocurrency lender was compelled to cease client withdrawals last week. Mazalcar continued to serve as a consultant

July 12, 2022 1 min read

Binance Receives Green Signal For Its Global Expansion In Spain

Binance obtained a VASP certification from the Bank of Spain. Along with Binance, more than 17 firms also received the approval. The prominent cryptocurrency exchange Binance recently acquired an operating license, Virtual Asset Service Provider (VASP) from the Bank of Spain. With this license, the platform can operate in the

July 11, 2022 1 min read

Prominent Spanish Crypto Exchange ‘2gether’ Suspends Operations

Customers were notified via email by the exchange. To keep their accounts alive, they must pay $20.35 every month. Some cryptocurrency exchanges and lenders have been unable to restore client payments that have declared bankruptcy or are in the process of obtaining extra capital to stay functioning due to the

July 10, 2022 1 min read

CoinFLEX Claims Deficit Climbed to $84 Million in Fresh Update

Recently, the exchange halted withdrawals on its platform. An arbitration proceeding in Hong Kong is underway against this person. In response to Roger Ver, CoinFLEX has issued a fresh update. According to the latest statement, the exchange’s deficit has now climbed to $84 million due to the loss in liquidating

July 10, 2022 2 mins read

KuCoin Quarterly Report Reveals 219% Jump in New User Sign Up

By the first quarter of 2022, KuCoin had 18 million registered users. The European market topped the first half of 2022 with $481 billion in trading volume. In its semi-annual report, KuCoin, the world’s leading cryptocurrency exchange, highlights the key indicators and accomplishments of 2022. Market performance and new product

July 10, 2022 1 min read

Three Arrows Capital Owes $270 Million to Major Exchange Platform

Crypto exchange Blockchain.com lost $270 million from Three Arrows Capital. Recently, 3AC failed to repay the loan of around $665M to Voyager Digital. According to Peter Smith, the CEO of prominent cryptocurrency exchange Blockchain.com, the firm loses over $270 million on loans from the crypto hedge fund, Three Arrows Capital

July 9, 2022 1 min read
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