Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the recent announcement that it would reduce its employees by 20%. In an interview with BNN Bloomberg, Coinbase executive Nana Murugesan …
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Publicly-listed Bitcoin (BTC) mining company Argo Blockchain saw a significant drop in mining activity in December 2022 due to a winter storm in Texas. On Jan. 11, Argo released its first operational update since selling its flagship mining facility Helios to Mike Novogratz’s Galaxy Digital. The company said it mined 147 Bitcoin or BTC equivalents …
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The Securities and Exchange Commission (SEC) of Thailand is investigating Zipmex to ascertain if its earn products breached regulatory rules. According to a Bloomberg News report, Thailand’s SEC sent a letter to Zipmex on Dec. 28 stating that the ZipUp and ZipUP+ products were in violation of the digital-asset business rules. Zipmex allowed its customers …
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A senior government figure has reaffirmed the commitment to turn the U.K. into a crypto hub, despite the lingering fallout from the FTX disaster. Since filing for bankruptcy on Nov. 11, a web of sordid details on the Bahamas-based exchange has come to light, including information on mismanagement, fraud, and allegations of collusion in destabilizing …
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The SEC, CFIUS and New Jersey regulators will be allowed to raise objections to the final approval of the deal in the future. 1 min read Updated: January 11, 2023 at 10:26 am Cover art/illustration via CryptoSlate The U.S. bankruptcy court for the Southern District of New York provided an initial greenlight for the Binance-Voyager …
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The full closure will come after Coinbase finalizes discussions with Japanese regulators. 1 min read Updated: January 11, 2023 at 10:07 am Cover art/illustration via CryptoSlate Coinbase is closing down a majority of its operations in Japan and laying off staff located there, according to Bloomberg News. On Jan. 11, Coinbase’s Vice President for Business …
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DeFi firm Ondo Finance launched a tokenized fund on Jan. 10 that allows stablecoin holders to invest in bonds and U.S. Treasuries. The firm offered three products: the U.S. Government Bond Fund (OUSG), Short-Term Investment Grade Bond Fund (OSTB), and High Yield Corporate Bond Fund (OHYG). These products are short-term US treasuries and bonds in …
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Crypto exchange Bitvavo rejected Digital Currency Group’s (DCG) proposal to repay 70% of its debt because the embattled firm has sufficient funds to make full repayment, according to a Jan. 10 statement. Bitvavo maintained that it was confident that a solution could be found to satisfy all the concerned parties. According to the Netherlands-based company, …
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The biggest crypto-related sanctions by the U.S. Office of Foreign Assets Control (OFAC) in 2022 caused a significant dip in the potential revenue of illicit actors, Chainalysis found. The U.S. sanctioned a number of crypto-related individuals and entities last year for drug trafficking, money laundering, and ransomware activities. Chainalysis studied the impact of the sanctions …
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Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have soared in 2022, especially during …
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with …
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press release PRESS RELEASE. Victoria, Seychelles 11 Jan 2023 – Leading crypto exchange Bitget launches the Fund Custody service for professional investors and institutions. The service will provide dedicated wallets to qualified accounts to maximize protection of customers’ funds on the platform. The exchange also recently released the latest snapshot of its Merkle tree Proof …
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Popular crypto analyst Michaël van de Poppe says he’s looking at two macroeconomic catalysts that could ignite a strong Bitcoin (BTC) surge to $30,000. The crypto strategist tells his 664,200 Twitter followers that Bitcoin has been grinding up as of late and that a big bounce is in the cards. “The odds of a relief …
As trading becomes increasingly difficult during the bear market, a nonfungible token (NFT) platform aims to lighten the load on traders and help them get a closer look at the strategies of successful collectors. In an announcement sent to Cointelegraph, NFT platform Upshot said that it launched Upshot GMI, a tool that scores and classifies …
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The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules. A Bloomberg report revealed that local authorities are looking into activities that they believe may violate business rules for digital asset service providers. This includes its offerings of certain …
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