📈 Coinbase Q2 Financial Report shows $97M net loss but also reveals proactive cost-cutting measures. Trading volume down 37% compared to Q1. #Cryptocurrency #Coinbase #FinancialReport
🚨 Binance US Suspends USD Deposits and Prepares for Temporary Fiat Withdrawal Pause 🚫 Customers reassured about 1:1 reserves and informed about potential delays due to elevated volumes and weekend bank closures. Stay updated! #BinanceUS #CryptoNews
🚨 Gate, a major crypto exchange, witnesses a significant $130M outflow amidst police investigation. Despite the probe, all operations remain normal. Stay updated with the latest developments! #GateExchange #CryptoNews
One Reddit user proposes that crypto fans utilize exchanges as designed and save their keys in cold storage to avoid exchange-related losses. Read CNL.
South Korea Financial Service Commission has ordered the top five crypto exchanges in the DAXA organization to delist currencies with security features.
Japan is moving on with plans to liberalize the crypto, despite the fall of SBF’s FTX, by making it simpler for cryptocurrency exchanges to list tokens.
Gemini has laid off more employees in the second round of layoffs. The crypto market has been through a tough few months. Winklevoss is certain that Gemini will survive and thrive in the crypto sector. After terminating nearly 10% of staff some time back owing to “turbulent market conditions’”, crypto exchange Gemini has laid off more employees in the second round of layoffs. According to TechCrunch, the company laid off 7%, or 68 employees, in the second round on Monday. The move is part of the company’s “restructuring” process, which it began in October. In an email to staff, co-founder
US Court fined BitMEX founders $30M for operating an illegal crypto platform. The $30M will be divided by three co-founders: Arthur Hayes, Benjamin Delo, and Samuel Reed. The three are scheduled to be sentenced in the upcoming weeks. The Commodity Futures Trading Commission (CFTC) revealed that the US District Court for the Southern District of New York has charged Bitmex’s founders “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” A press release also stated that founders Arthur Hayes, Benjamin Delo, and Samuel Reed, need to pay $30 million. In detail, these founders need to split the
11 crypto exchanges have been subject to tax evasion. A total of 81.54 crore rupees ($10.77M) was detected, 95.86 crore rupees ($12.6M) with penalties included. Wazirx, Coindcx, and Coinswitch Kuber are the top three exchanges with the highest amounts evaded. The government of India unveiled that the country’s tax authority had investigated 11 cryptocurrency exchanges regarding tax evasion. As of today, the government has retrieved a total of 95.86 crore rupees or $12.6 million. Last Monday in Lok Sabha, the lower house of parliament, the Indian government gave some answers to questions regarding the taxation of cryptocurrency exchanges. “Whether it
