Crypto exchange AAX halts withdrawals, says FTX put ‘immense pressure’ on industry

Crypto exchange AAX halts withdrawals, says FTX put ‘immense pressure’ on industry

Cryptocurrency exchange AAX has suspended withdrawals, citing a glitch in a system upgrade. AAX is a relatively small crypto exchange: data from CoinGecko showed that trading volumes over the last month peaked at around $2 billion. Over the last 24 hours, that number had dwindled to around $180,000. By contrast, Coinbase volumes were more than […]

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U.S. federal prosecutors sought records on Binance CEO Changpeng Zhao for cryptocurrency money laundering probe

U.S. federal prosecutors sought records on Binance CEO Changpeng Zhao for cryptocurrency money laundering probe

A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators U.S. federal prosecutors asked Binance, the world’s […]

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Michael Saylor steps down as CEO of MicroStrategy as losses widen

Michael Saylor steps down as CEO of MicroStrategy as losses widen

Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 The American business intelligence company MicroStrategy has announced that Michael Saylor, will be stepping down as CEO and taking […]

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Dutch central bank fines Binance 3.3 million euros

Dutch central bank fines Binance 3.3 million euros

The crypto exchange giant has faced regulatory hurdles worldwide even as it grows by the day The crypto exchange giant has faced regulatory hurdles worldwide even as it grows by the day The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) […]

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U.S. crypto exchange Coinbase wins regulatory nod in Italy

U.S. crypto exchange Coinbase wins regulatory nod in Italy

The European Union is working on new rules and controls that crypto companies will have to comply with Major U.S. cryptocurrency exchange Coinbase Global Inc has won approval from Italian regulators to continue to serve customers in Italy, it said in a blog on Monday. (Sign up to our Technology newsletter, Today’s Cache, for insights […]

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Coinbase to extend hiring freeze and rescind some accepted offers

Coinbase to extend hiring freeze and rescind some accepted offers

Coinbase Global Inc will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers in order to deal with current macroeconomic conditions, the company said in a blog post on Thursday. Coinbase earlier froze hiring for two weeks as fears of rising interest rates rocked the cryptocurrency market. Now, the […]

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