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Crypto is losing touch with institutional cash
Key Takeaways Crypto.com this week shut down its institutional exchange in the US, citing a lack of demand The regulatory climate has worsened significantly in the US, meaning crypto is becoming less practical for institutions The macro picture and scandals across the space last year have also contributed, writes our Head of Research, Dan Ashmore […] The post Crypto is losing touch with institutional cash appeared first on CoinJournal. дальше »
2023-6-14 18:40 | |
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Ooki DAO Ordered to Shutter Website, Pay $643,000 Fine Following Landmark CFTC Battle
The court ordered Ooki DAO to pay a civil monetary penalty of $643,542. It permanently banned the DAO from trading and registering and ruled that it must shut down its website and remove its content from the internet. дальше »
2023-6-10 14:15 | |
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Crypto.com Shuts Down US Institutional Exchange Amid Regulatory Concerns
Crypto.com, the Singapore-based exchange, has announced that it will shut down its institutional exchange service for US customers due to limited demand. The closure will take effect on June 21, 2023, and comes amid regulatory concerns in the US market, likely referencing the recent legal actions against Binance and Coinbase. Related Reading: Breaking: DOJ Takes […] дальше »
2023-6-10 22:00 | |
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American investment bank TD Cowen closes crypto unit
TD Cowen to shut down its crypto unit a year after launching. The closure of Cowen Digital marks the second institutional crypto client unit to shut down within a week. American investment bThe post American investment bank TD Cowen closes crypto unit appeared first on AMBCrypto. дальше »
2023-6-1 13:30 | |
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Unbanked Forced to Shut Down Amid Regulatory Challenges and Funding Woes
Crypto-focused financial services provider Unbanked has announced that it has been forced to shut down. Its UNBK token is down 85%. The post Unbanked Forced to Shut Down Amid Regulatory Challenges and Funding Woes appeared first on BeInCrypto. дальше »
2023-5-26 09:46 | |
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Virgin Orbit Shuts Down Operations and Divests Assets Following April Bankruptcy
Coinspeaker Virgin Orbit Shuts Down Operations and Divests Assets Following April Bankruptcy Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline. дальше »
2023-5-24 12:22 | |
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Crypto exchange Hotbit shuts down following criminal investigation
Crypto exchange Hotbit has shut down its trading platform nine months after facing a criminal investigation. The exchange blamed changing trends in the crypto industry for its decision. On 2The post Crypto exchange Hotbit shuts down following criminal investigation appeared first on AMBCrypto. дальше »
2023-5-23 17:15 | |
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Crypto lender Nexo shuts down 2 UK-based subsidiaries
London-based crypto lender Nexo (NEXO) has shut down two of its subsidiaries located in the U. K. on May 11, Bloomberg News reported. The lender is also going under an investigation in Bulgaria for allegedly being involved in an organized crime scheme, the Bloomberg article noted. дальше »
2023-5-12 19:47 | |
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189 crypto firms shut down following Estonia's recent regulations
Hundreds of virtual asset service providers in Estonia have shut shop following recent amendments in financial regulations. Estonia's Financial Intelligence Unit identified several lapses in coThe post 189 crypto firms shut down following Estonia's recent regulations appeared first on AMBCrypto. дальше »
2023-5-9 15:00 | |
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Blockchain Firm Everledger Closes Down Amid Funding Woes
The supply-chain-focused startup Everledger shut down its shop as the funds were running dry. Australian government and Tencent were some of its notable investors. The post Blockchain Firm Everledger Closes Down Amid Funding Woes appeared first on BeInCrypto. дальше »
2023-5-9 19:00 | |
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Bankrupt exchange Voyager Digital to shut shop after failed deals, details inside
Voyager Digital to self-liquidate its assets after failing to reach a deal. Voyager's customers will receive an initial recovery of 36% of their crypto holdings. According to Voyager DigThe post Bankrupt exchange Voyager Digital to shut shop after failed deals, details inside appeared first on AMBCrypto. дальше »
2023-5-6 14:30 | |
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zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard
zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. During this event, zkLink will shut down its servers for 72 hours, inviting users to try the emergency asset recovery feature, and earn rewards for taking part in the test. дальше »
2023-5-3 04:00 | |
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Law enforcement agencies seize dark-web market amid crackdown on illicit crypto transactions
Law enforcement agencies around the world recently seized and shut down an illegal dark web marketplace called Monopoly Market as part of efforts to crack down on illicit cryptocurrency transactions, according to a May 2 Europol press release. дальше »
2023-5-3 22:05 | |
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Binance to again set foot in Japan via an acquired exchange
Binance re-enters Japan with the acquisition of crypto trading platform SEBC. Binance shut its Japanese operations in 2018 after regulators warned it was operating without approval. AccordinThe post Binance to again set foot in Japan via an acquired exchange appeared first on AMBCrypto. дальше »
2023-4-29 14:30 | |
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Luno exits Singapore amid growing scrutiny, Babel extends creditor protection
Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within… дальше »
2023-4-18 13:29 | |
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SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation. дальше »
2023-4-17 15:43 | |
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Binance to Shut Down its Australian Derivatives Services
Binances Australian financial services license is being terminated, meaning that Australian residents will no longer be able to open derivatives positions on the exchange. 104 Users Impacted Binance has its... дальше »
2023-4-7 19:46 | |
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Peer-to-peer crypto exchange Paxful to suspend operations
Paxful will temporarily halt operations. The exchange’s CEO however stated that they are not sure if it will resume operations. This is the second peer-to-peer crypto exchange to shut down. дальше »
2023-4-5 19:47 | |
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Crypto Investment Schemes Shut Down As DOJ Seizes $112 Million
Crypto enthusiasts, rejoice! The US Department of Justice (DOJ) has struck a massive blow to fraudulent cryptocurrency investment schemes, seizing a whopping $112 million in virtual currency. According to the DOJ’s official statement, the agency has successfully put an end to these illicit activities and saved countless individuals from losing their hard-earned money. This news […] дальше »
2023-4-4 13:00 | |
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Bittrex to shut down US operations, cites regulatory challenges
Bittrex, one of the oldest cryptocurrency exchanges in the United States, stated on Mar. 31 that it would be shutting down its operations owing to the "regulatory and economic climate" in the nation дальше »
2023-4-1 12:22 | |
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Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month
Cryptocurrency exchange Bittrex will shut down its U.S. platform on April 30 after nine years of operation, the company announced on Friday. дальше »
2023-4-1 23:05 | |
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FDIC Gives Signature Bank’s Crypto Clients A Week to Shut Down Their Accounts
Crypto clients of collapsed lender Signature Bank have until April 5 to withdraw their money and close their accounts or risk losing it, the US Federal Deposit Insurance Corp (FDIC) has said. According to the regulator, the deposits in question were not part of the rescue deal arranged with Flagstar bank, a subsidiary of New […] дальше »
2023-3-31 14:14 | |
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Crypto Exchange Beaxy Shut Down After SEC Lawsuit
Crypto platform Beaxy has officially closed its doors as the U.S. Securities and Exchange Commission (SEC) charged the company and its founder Artak Hamazaspyan with operating an unregistered exchange and brokerage, the agency said. дальше »
2023-3-30 17:30 | |
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45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive
Key Takeaways $23.6 billion of stablecoins are currently on exchanges, the least since October 2021 45% of stablecoins have fled exchanges in the last four months 61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut down […] The post 45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive appeared first on CoinJournal. дальше »
2023-3-28 16:36 | |
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Disney Axes Metaverse Team as Part of Cost-Cutting Measures
Disney has shut down its metaverse unit and laid off around 50 team members, in a cost-cutting move. This follows a trend of layoffs in tech. The post Disney Axes Metaverse Team as Part of Cost-Cutting Measures appeared first on BeInCrypto. дальше »
2023-3-28 08:55 | |
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Coinbase stock down 25% as regulators move in and crypto environment worsens again
Key Takeaways Coinbase was issued with a Wells notice this week and now awaits formal charges from the SEC Regulators continue to move in on US crypto companies, hurting Coinbase’s prospects The exchange laid off its second round of employees in January, shut down activities in Japan due to “market conditions”, and saw its share […] The post Coinbase stock down 25% as regulators move in and crypto environment worsens again appeared first on CoinJournal. дальше »
2023-3-24 16:37 | |
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Hard Times For SpankPay: Sex Worker-Led Crypto Payment Platform Forced To Close Shop
Crypto payment platform SpankPay shut down operations following a breakup with its key partner, payment infrastructure company Wyre. Via their official Twitter handle, the team behind the platform claims that Wyre walked out of their partnership on purpose. дальше »
2023-3-22 02:00 | |
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Crypto Payment SpankPay Shut Down Citing Hostile Banking Environment
Coinspeaker Crypto Payment SpankPay Shut Down Citing Hostile Banking Environment SpankChain is an Ethereum-based blockchain targeted at helping adult content creators remove third-party intermediaries like conventional banks, which have had a notorious history of conflict with the adult industry. дальше »
2023-3-22 14:51 | |
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USDC’s supply has plunged $21 billion from peak as banking turmoil scares crypto investors
Until a week ago, USD Coin was seen as the world’s safest stablecoin. BUSD, one of its chief rivals, was shut down last month by US regulators. Tether, the only stablecoin currently ahead of USD Coin, has long been plagued by questions over its reserves (I interviewed Tether’s Paolo Ardoino on this and other stablecoin […] The post USDC’s supply has plunged $21 billion from peak as banking turmoil scares crypto investors appeared first on Invezz. дальше »
2023-3-19 13:42 | |
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More Problems for Solana as Formfunction Announces Closure
Solana-based NFT marketplace Formfunction is set to shut down on March 29 after only 13 months of operation, amid a slump in Solana NFT prices and trading volumes. The decision to close the platform was reached after much discussion and careful consideration, although the specific reason for the closure was not disclosed. дальше »
2023-3-17 01:00 | |
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DOJ shuts down ChipMixer over $3B of cryptocurrency money laundering
The United States Department of Justice (DOJ) has shut down the Bitcoin mixing service ChipMixer, as announced in a statement on March 15. The post DOJ shuts down ChipMixer over $3B of cryptocurrency money laundering appeared first on CryptoSlate. дальше »
2023-3-16 22:58 | |
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Signature bank was under criminal investigation ahead of closure
The US prosecutors were looking into Signature Bank’s dealings with crypto clients when regulators abruptly shut down the institution on March 12. The regulators said that keeping the bank open would pose a threat to the stability of the entire… дальше »
2023-3-15 14:18 | |
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Silicon Valley Bank collapsed. Here are the companies affected
Silicon Valley Bank (SVB) took center stage as reports revealed that the bank had shut down, sparking widespread panic. The crypto scene took a hit as well, compounding the already existing fear among investors. But what happened, and how is… дальше »
2023-3-14 16:02 | |
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Circle partners with Cross River as other banks collapsed
Circle has partnered with Cross River as regulators shut down Silicon Valley Bank and Signature. The partnership ensures that USDC maintains its 1:1 peg to the US dollar. Circle, one of the largest stablecoin issuers in the crypto ecosphere, announced… дальше »
2023-3-14 15:50 | |
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New York banking authorities shut down crypto-friendly Signature Bank
Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities. The Federal Reserve said the decision was made to protect the US economy and strengthen public confidence in the banking system. дальше »
2023-3-13 06:37 | |
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100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 hours. дальше »
2023-3-13 06:12 | |
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Breaking: Signature Bank closed by New York regulators, citing 'systemic risk'
The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement. дальше »
2023-3-13 01:33 | |
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