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.
As a VIP, one will get lower fees and a larger daily withdrawal cap. There are nine levels of VIP service available on the exchange. Crypto exchange Binance has launched “Binance Institutional” for VIP and institutional cryptocurrency investors. An endeavor “to upgrade its institutional offerings and services,” the exchange said.
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
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
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
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
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
