The corporation is taking these steps due to “extreme cost-cutting” initiatives. The firm announced its first round of layoffs less than two months ago. Gemini, the Winklevoss twins’ regulated cryptocurrency exchange in the United States, is reportedly downsizing its employees. This wave of layoffs was not announced internally by the
A license to operate in Dubai has been obtained by Singapore’s Fintonia Group. Ruler of Dubai announces a new Metaverse Strategy. Dubai Virtual Assets Regulatory Authority (VARA) has issued a provisional digital asset license to Singapore-based fintech investor and crypto fund manager Fintonia Group. The license placed Fintonia in the
The company is dedicated to helping grow the UAE’s infrastructure and personnel. Dubai’s crown prince recently tweeted about the new metaverse plan. According to the Dubai virtual asset regulator, the Virtual Assets Regulatory Authority (VARA), OKX has been awarded a “provisional virtual assets license” to offer services to eligible investors
Crypto.com gained regulators’ approval. Crypto.com has over 50 million users worldwide. Today, the Singapore-based cryptocurrency exchange Crypto.com announced that the Italian monetary regulators Organismo Agenti e Mediatori (OAM) had granted it permission to operate in Italy to provide cryptocurrency and digital wallet services to Italian Users. Crypto.com is the world’s
Daily trading volumes of Uniswap and Coinbase are nearly equal. Uniswap (UNI) traded at $7.39 with a market cap of $5,428,169,203. Despite the market condition, Uniswap’s trading volumes are now almost equal to Coinbase, overall Ethereum-based decentralized exchange (DEX) volumes are still insignificant in comparison to entire centralized exchange (CEX)
Crypto firms must get a license to provide trading, custody, and other services. Murugesan said that the company is doing a Euro-based venture. The bear market has not halted development, even though many other activities have. Binance, Coinbase, and Crypto.com are some of the most prominent cryptocurrency exchanges in the
The DNB’s General Fine Setting Policy was used when calculating the amount. DNB’s investigation took longer than expected, resulting in higher penalties for the violation. The Dutch Central Bank (DNB) fined Binance 3.3 million euros in April 2022. Exchanges that provide services to Dutch people without legal registration face fines.
Since its all-time high of $357, Coinbase’s stock has plummeted by roughly 85%. The business said that the volatility directly influenced its first-quarter earnings. Coinbase’s affiliate marketing program in the United States has been temporarily suspended. In an email issued to three founders, the crypto exchange cited the present market
Customers of FTX may now trade equities in stablecoin-funded accounts. CZ said he’d rather see Binance concentrate on developing more Web3 products. Binance isn’t interested in allowing its customers to trade equities, no matter how many new ones they could bring in. It’s neither right nor wrong for cryptocurrency exchanges
Users were required to pay an initial €20 charge to continue using the platform’s features. 2gether suspended accounts citing the current crypto winter. Bit2me, a cryptocurrency exchange in Spain, stated that it would take on users whose accounts had been suspended by 2gether, another cryptocurrency exchange in the country. In
