Gemini claims to be the first company to operate as a VASP. The company received EMI licence from CBI in February 2022. Gemini, a crypto trading platform located in New York, claims to be the first to be recognized by the Central Bank of Ireland as a virtual asset service
Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether
Blockchain.com is reducing about 150 employees, due to financial losses. The exchange recently lost $270 million from Three Arrows Capital. As per reports, Luxembourg-based cryptocurrency exchange Blockchain.com is disbanding 25% of its employees, amid financial losses and the collapse of the global crypto market. The latest workforce reduction will affect
Last week, the SEC and prosecutors in the Southern District of New York arrested an ex-product manager for a major crypto exchange. According to Bloomberg, Ishan Wahi, a former product manager at Coinbase, reportedly revealed private information about the company’s token listings to his brother Nikhil Wahi and a friend,
The exchange said on Wednesday that it had halted all withdrawals. Trade wallet deposits and withdrawals will begin at 17:00 UTC today. Zipmex is preparing to reopen withdrawals and deposits using its Trade Wallet function the day after it had frozen user withdrawals owing to the market’s volatility. They said
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)
