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Babel lost over $280M trading with customer funds; wants to raise up to $300M
Embattled crypto lender Babel Finance lost over $280 million while trading with customer funds, The Block reported July 29, citing the firm’s restructuring proposal deck. The post Babel lost over $280M trading with customer funds; wants to raise up to $300M appeared first on CryptoSlate. дальше »
2022-7-29 18:00 | |
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Lawmakers delay voting on US bill to regulate stablecoins till September
United States lawmakers have delayed the vote on a bipartisan bill on stablecoin regulation until at least September, The Wall Street Journal reported, citing people familiar with the matter. The post Lawmakers delay voting on US bill to regulate stablecoins till September appeared first on CryptoSlate. дальше »
2022-7-26 19:41 | |
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FTX is reportedly looking to buy South Korean crypto exchange Bithumb
FTX, the cyptocurrency exchange firm founded by crypto billionaire Sam Bankman-Fried, is looking to acquire South Korea-based crypto platform Bithumb. Reports of the potential acquisition surfaced on Friday, with major publication Bloomberg citing sources familiar with the development. дальше »
2022-7-23 23:07 | |
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Southeast Asian crypto exchange Zipmex halts withdrawals
Zipmex, a Thai-based crypto exchange, has halted withdrawals citing a combination of circumstances. The… The post Southeast Asian crypto exchange Zipmex halts withdrawals appeared first on CoinJournal. дальше »
2022-7-20 14:54 | |
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Gemini eyes further staff cuts to control costs amid crypto winter
Seven weeks after announcing a 10% headcount reduction to survive the winter, crypto exchange Gemini is going for the second round of layoffs to fire another 15%, to cut the costs even more, TechCrunch reported, citing sources. дальше »
2022-7-19 15:40 | |
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Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase
Popular crypto analyst Will Clemente, citing Glassnode data, revealed that Binance now holds more Bitcoin (BTC) units than its rival Coinbase. The post Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase appeared first on CryptoSlate. дальше »
2022-7-19 01:00 | |
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Sri Lanka’s Central Bank Warns The Public Against Crypto Purchases Despite The Economic Crisis
The Central Bank of Sri Lanka has warned the public against engaging in crypto-related activities citing the lack of regulations and accompanying risks. For the third time in less than three years, the bank stated on Tuesday that it had not issued any license or authorization to any firm to operate schemes involving Bitcoin or […] дальше »
2022-7-19 00:11 | |
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Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the UST de-peg event citing “pretty amazing interest” as justification for holding through the crash. дальше »
2022-7-19 20:00 | |
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US Democrats Call for Crypto Mining Crackdown in Letter to Regulators
Democrat members of Congress have called on two federal agencies to take action on Bitcoin mining, citing their energy consumption. The post US Democrats Call for Crypto Mining Crackdown in Letter to Regulators appeared first on BeInCrypto. дальше »
2022-7-18 15:00 | |
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India Shuts Down Blockchain and Crypto Assets Council Citing Compliance Issues
The Internet and Mobile Association of India (IAMAI) will dismantle the Blockchain and Crypto Assets Council (BACC) in what is being considered a massive blow to the only representative body for the domestic crypto industry. дальше »
2022-7-15 23:00 | |
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Did SushiSwap’s proposal to offset carbon footprint trigger recovery
Environmental activists have been behind crypto and blockchains for a long time now. They have been citing concerns that come with the use of this technology. Although for most blockchains, the arThe post Did SushiSwap’s proposal to offset carbon footprint trigger recovery appeared first on AMBCrypto. дальше »
2022-7-13 13:30 | |
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Philippines’ DTI Discards Calls For Binance Ban, Citing Absence Of Legal Grounds
The Philippines’ Department of Trade and Industry has responded to calls for the ban of Binance in favor of the crypto exchange. The DTI discarded the petition to bar the exchange from operating in the Philippines as it pointed out that there is no legal or regulatory premise to which the charges brought on the […] дальше »
2022-7-12 16:22 | |
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Elon Musk pulls out of Twitter deal amid “false and misleading” information from Twitter
Tesla CEO and Dogecoin superfan Elon Musk has pulled out of his $44 billion deal with Twitter citing concerns over “false and misleading representations. ” One of the key concerns was a lack of data available to Musk to analyze the severity of the bot problem on the platform. дальше »
2022-7-9 02:01 | |
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Celsius Network continues to make moves, prompting calls to resume withdrawals
It’s approaching four weeks since Celsius Network implemented a pause on withdrawals, swaps, and transfers between accounts, citing “extreme market conditions. ” During this time, senior staff has drawn heavy criticism for mismanagement of the company. дальше »
2022-7-8 20:00 | |
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eToro Pulls Plans for Nasdaq Listing Citing Circumstance ‘Beyond Our Control’
eToro and FinTech Acquisition Corp V have mutually agreed to terminate a merger agreement first announced in March, putting to an end to eToro’s public listing plans The post eToro Pulls Plans for Nasdaq Listing Citing Circumstance ‘Beyond Our Control’ appeared first on BeInCrypto. дальше »
2022-7-7 09:00 | |
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Celsius Beats Down Liquidation Price With $120 Million In Loan Repayments
Celsius has been at the center of most crypto controversies in the last month. The lending platform had had to pause withdrawals, transfers, and swaps on its platform, citing extreme market conditions as the reason, but that was only the beginning of its troubles. дальше »
2022-7-5 20:00 | |
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Vauld Becomes Latest Crypto Exchange to Suspend Trading Amid Financial Woes
Coinbase-backed Vauld has become the latest firm to suspend trading, citing fallout from the market crash. The post Vauld Becomes Latest Crypto Exchange to Suspend Trading Amid Financial Woes appeared first on BeInCrypto. дальше »
2022-7-5 21:00 | |
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Vauld Suspends Withdrawals Citing Tough Market Conditions – Here’s Why Lending Firms Are Folding Up
Vauld becomes the latest lending platform to capitulate under dire market conditions. The firm has halted withdrawals after customers began withdrawing their funds en masse. дальше »
2022-7-5 20:31 | |
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The how, what, and why of Vauld suspending its services citing 'challenges'
In light of the crypto-market's recent fortunes, popular lending platform Vauld has halted trading, deposits, and withdrawals. The company's management disclosed that it is "suffering financial issuesThe post The how, what, and why of Vauld suspending its services citing 'challenges' appeared first on AMBCrypto. дальше »
2022-7-4 17:30 | |
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Taiwan joins growing list of countries developing CBDCs
Taiwan’s central bank is working on developing a central bank digital currency (CBDC) but does not have a clear timeline for when it will be ready for public release, Reuters reported, citing the regulator’s governor, Yang Chin-long. дальше »
2022-6-30 21:30 | |
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Goldman Sachs wants to buy Celsius assets: Report
Goldman Sachs is reportedly ready to pounce onto the assets of beleaguered crypto lender Celsius Network, CoinDesk reported on Friday citing sources familiar with the development. Per the report, the banking giant is eyeing $2 billion in funding from investors for a potential purchase of the Celsius assets should it file for bankruptcy. дальше »
2022-6-25 00:25 | |
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Crypto Futures Exchange CoinFlex Suspends Withdrawals Citing Counterparty ‘Uncertainty’
Crypto futures exchange CoinFlex temporarily suspended all withdrawals citing "extreme market conditions and continued uncertainty involving a counterparty." The post Crypto Futures Exchange CoinFlex Suspends Withdrawals Citing Counterparty ‘Uncertainty’ appeared first on BeInCrypto. дальше »
2022-6-24 03:47 | |
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India: CoinDCX and Coinswitch Kuber Suspend Withdrawals, Citing KYC
Both CoinDCX and Coinswitch Kuber exchanges have suspended deposits and withdrawals citing know your customer (KYC) regulations for the decision. The post India: CoinDCX and Coinswitch Kuber Suspend Withdrawals, Citing KYC appeared first on BeInCrypto. дальше »
2022-6-21 14:00 | |
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How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels. дальше »
2022-6-21 07:52 | |
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United Kingdom Will Not Require KYC for Unhosted Wallets
The U.K. Treasury has decided to rescind its requirement for crypto companies to compile the personal information of self-custodied wallet users, citing privacy concerns. Unhosted Wallets for Legitimate Purposes The... дальше »
2022-6-20 22:19 | |
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Babel Finance reaches debt agreement to ease liquidity pressure
Cryptocurrency lender Babel Finance, which halted withdrawals on June 17 citing liquidity pressure, has reached preliminary agreements with counterparties to ease short-term liquidity. The post Babel Finance reaches debt agreement to ease liquidity pressure appeared first on CryptoSlate. дальше »
2022-6-21 18:45 | |
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Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position
Crypto financial service provider Babel Finance has halted withdrawals and redemptions amid a market slump, soon after Celsius did the same, citing 'liquidity pressure' The post Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position appeared first on BeInCrypto. дальше »
2022-6-18 14:52 | |
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Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. дальше »
2022-6-19 08:35 | |
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Babel Finance Halts Withdrawals, Citing Low Liquidity
Babel Finance, a Hong Kong-based cryptocurrency lending company, has announced that it is suspending withdrawals. Babel Suspends Redemptions and Withdrawals Babel wrote today that “redemptions and withdrawals from Babel Finance... дальше »
2022-6-18 23:12 | |
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Celsius Hires Restructuring Lawyers To Help Navigate Through Its Financial Woes
Cash-strapped crypto lender Celsius Network has reportedly hired restructuring attorneys from US-based law firm Akin Gump Strauss Hauer & Feld LLP to help with its current financial woes, the Wall Street Journal reported Wednesday, citing sources familiar with the matter. дальше »
2022-6-16 19:33 | |
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Celsius hires restructuring lawyers to help ease its financial woes
Crypto lending platform Celsius has hired a legal team to advise on restructuring its business after facing liquidity issues, The Wall Street Journal reported, citing sources with direct knowledge of the matter. дальше »
2022-6-16 16:15 | |
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