Summary: Michael Moro has left his role as the CEO of beleaguered crypto broker Genesis. Moro’s exit was announced alongside a 20% cut in the company’s workforce. Some 52 employees out of 260 staff are expected to leave Genesis starting Wednesday. Chief Operating Officer Derar Islim was appointed interim CEO...
Summary: Britain’s top financial regulator has approved Crypto.com as a registered crypto business. The FCA’s regulatory green light allows the crypto exchange to offer digital asset services in the U.K. under domestic financial laws. Authorities previously announced intentions to position the U.K. as a cryptocurrency hub. CEO Kris Marszalek said...
Crypto exchange Huobi is shutting its crypto derivatives trading in New Zealand Huobi has cited adherence to local compliance policies as the main reason for halting its crypto derivatives services in the region. Crypto exchange Huobi is shutting its newly launched crypto derivatives trading in New Zealand, months after launching...
Memecoins Dogecoin and Shiba Inu are top gainers of the current crypto market. Doge is up 9% ($0.08506) at press time while Shiba Inu is up 1% at $0.00001611 Meme cryptocurrencies Dogecoin and Shiba Inu are rallying ahead in terms of pricing as the market gradually recovers from its months-old...
Summary: Ethereum’s upgrade to a Proof-of-Stake blockchain would see some operations halt temporarily for Coinbase users. The crypto exchange said new ETH deposits and withdrawals would pause during The Merge as a precautionary measure. A similar pause for new ERC-20 token withdrawals and deposits was also announced. Coinbase Prime Institutional...
Summary: Celsius CEO Alex Mashinsky took over the company’s trading strategy in January 2022. Mashinsky assumed a more active role in trade decisions ahead of the FOMC meeting at the start of the year. The report explained that Mashinsky was ” slugging around huge chunks of bitcoin”. Financial Times also...
Tina.Org has called out celebrities for endorsing NFTs without disclosing their material connection with them The team had also sent letters to several celebrities, urging them to disclose their intent behind promoting such NFTs on social media Consumer watchdog/regulator Tina.Org popularly known as Truth In Advertising has recently published a...
Galaxy Digital had earlier terminated its merger agreement with BitGo citing the platform’s inability to show audited financial statements of 2021. BitGo responded to the Galaxy’s decision to terminate the acquisition by stating that it’s suing Galaxy for its actions,followed by seeking $100 million in damages The deal was earlier...
Summary: Three Arrows Capital’s Su Zhu and Kyle Davies wanted to buy a Yacht worth $50 million, per reports. The supposedly all-white luxury boat was to onboard the name “Much Wow”. a nod to popular meme cryptocurrency Dogecoin. 3AC filed for bankruptcy the same month Much Wow was set to...
Binance has received approval from Kazakhstan’s financial regulator to operate in the Astana International Financial Centre. The exchange still has more in the application process to complete, which it expects to do in due course. Founder and CEO Changpeng Zhao had previously met the country’s President to discuss regulation. Binance...
Zipmex has finally been granted a three month creditor protection from the Singapore court Per a Bloomberg report, the court’s decision will be instrumental in guarding the firm against third-party lawsuits and claims, enabling the exchange to come up with a useful funding plan. Asian cryptocurrency exchange Zipmex was granted...
