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
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
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
On July 7th, 2022, the Bank of Spain authorized this registration. The crypto exchange obtained a regulatory license in France in May of this year. Binance, the world’s most popular cryptocurrency, has received permission from Spanish authorities to begin operations. A regulatory green light was given to Binance’s Spanish affiliate
On the occasion of its fifth anniversary, Binance, the world’s biggest cryptocurrency exchange by trading volumes, has removed fees for a wide variety of Bitcoin spot pairings. Tether (USDC), Binance USD (BUSD), Circle’s USD Coin (USDC), as well as the euro, the Turkish lira, and other fiat currencies may be
CZ discussed with the President of Ivory Coast about crypto integration. Binance is expanding its operations across the globe. On Tuesday, Changpeng Zhao (CZ), the CEO of Binance officially met Alassane Ouattara, the President of West African country, Ivory Coast (Côte d’Ivoire) to discuss crypto integration. In the interview held
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
Director of Tech Inquiry Jack Poulson was able to get a contract. There was already a three-year agreement between the ICE and the crypto exchange. Coinbase, a well-known crypto exchange, is reportedly planning to provide information on its customers to US Immigration and Customs Enforcement (ICE). Director of Tech Inquiry
Huobi had to remove its Chinese customers by the end of December last year. Huobi has secured additional licenses in New Zealand and the United Arab Emirates. Huobi Global, one of the world’s leading cryptocurrency exchange, is considering laying off more than 30 percent of its workers, according to crypto-journalist
Banxa will allegedly reduce its workforce from 230 to 160 personnel. European Managing Director Jan Lorenc plans to depart the business in European market. According to Banxa, a crypto payments service provider, 30 percent of its workforce will be let off as a cost-cutting measure during the current bear market.
