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Tag: Citing
Coinbase Dismisses 950 People Citing Current Economic Climate
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions. Brian Armst...
Swyftx Scraps Its Yield Program Citing ‘Regulatory Landscape’
Australian cryptocurrency exchange Swyftx has announced it will be closing its Earn program this week, citing “the constantly changing regulatory landscape.” Upon closure of the program on Jan. 10, us...
Swyftx to chop its ‘Earn’ program this week, citing murky regulations
Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country. From Jan. 10, the cr...
ECB Official Pushes for CBDC Development Citing Betterment for Consumers
The ECB executive called the European Union’s Markets in Crypto Assets (MiCA) an important step. Fabio Panetta, the executive board member of the European Central Bank (ECB), recently published a push...
Juno Advises Users For Self-custody Citing Custodian Partner Issues
7 hours ago | 2 mins read Exchange News Juno recently tweeted that its custody partner has been having issues. Users were also advised to take precautions by moving their assets off the exchange. In l...
SuperRare cuts 30% of staff, citing bear market
NFT platform SuperRare will reduce staff by nearly 30%, said CEO John Crain in a message he posted on Twitter. Although the company grew “in tandem with the market” during the last bull run, acc...
Ex-FTX Lawyer Cooperated With US Prosecutors, Reuters Reports, Citing Source Familiar
A former lawyer of Sam Bankman-Fried’s bankrupt FTX crypto firm provided details of what he knew about the company’s dealings during a meeting with officials of the U.S. Department of Just...
Leon Cooperman, citing Old Testament parable, says bull market isn’t coming ‘anytime soon’
Billionaire investor Leon Cooperman doesn’t think a bull market will come anytime soon and sees only a 5% chance of the S&P 500 rising above 4,400. “What I said in the last program,” the cha...
Juno urges Users to Withdraw: Citing Uncertainty with Custody Partner
Crypto banking firm Juno had urged users to keep the funds on the platform to self custody. Their custody partner Wyre had announced that they would be winding down. Juno is working on a new partner...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
– Advertisement – The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowin...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China – Economics Bitcoin News
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We exp...
Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market – Exchanges Bitcoin News
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed...
Kraken Leaves Japan Again, Citing A Poor Crypto Market.
Kraken, a global cryptocurrency exchange, has made the decision to suspend its operations in Japan for a second time. The company cites a strain on its resources as the primary motivating factor for t...
IRS Delays $600 Crypto Tax Threshold, Citing Need To Clarify Conditions Before Rollout
The Internal Revenue Service (IRS) is delaying rolling out its new $600 reporting threshold for third-party settlements, saying that more clarity is needed before it can kick off. In a new press relea...
Judge withdraws from FTX case citing conflict of interest
Judge Ronnie Abrams steps away from prosecuting the crypto mogul Sam Bankman-Fried, as her husband had a connection with the ill-fated crypto exchange FTX. Abrams wrote in a filing that she might need...
Judge in SBF Case Recuses Herself Citing Possible Conflict of Interset
Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally recused herself. According to an order from December 23rd, Federal ju...
Judge withdraws from Bankman-Fried case, citing potential conflict of interest
District Judge Ronnie Abrams withdrew her participation from legal proceedings around crypto exchange FTX’s disgraced former CEO and founder, Sam Bankman-Fried, amid a potential conflict of inte...
NFT Marketplace OpenSea Bans Cuban Creators Citing U.S Sanctions
19 mins ago | 2 mins read NFT News OpenSea insisted that it is only abiding with federal sanctions legislation. The U.S sanctions on Cuba are implemented through a number of different laws. OpenSea, t...
Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link
The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court f...
SEC Filing Against Thor Crypto; Citing it Unregistered Securities
Amidst the chaos of the crypto industry going through multiple reasons, another crypto project came under the financial regulator’s radar. Recently Thor Technologies reported to witness filing of comp...
OpenSea block artists and collectors from Cuba citing US sanctions law
NFT marketplace OpenSea is delisting artist and collector accounts from Cuba to comply with US sanctions law. OpenSea has blocked Cuban artists and collectors According to reports, OpenSea has deliste...
Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices
Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the ...
Paxful delists Ethereum citing ‘integrity over revenue’
Paxful, a P2P crypto marketplace, reveals kicking Ethereum off its marketplace, citing its increasing centralization and ETH-based scam tokens. The CEO of Paxful, Ray Youssef, said he would delist eth...
Paxful pulls ether, citing centralization and scams used to steal billions
Paxful is removing ether from its crypto marketplace tomorrow, linking related tokens to scams that have “robbed people of billions.” “Revenue is nice, but integrity trumps all,” CEO Ray Youssef...
BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay – Coinotizia
The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to th...
Superhero cans merger with Swyftx, citing regulatory scrutiny
With more regulators eyeing the crypto space as the FTX debacle continues, the $1.5 billion merger of Australian online investing platform Superhero with Australian crypto exchange Swyftx has been she...
BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay – Bitcoin News
The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to th...
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX – Bitcoin News
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will...
DCG suspends repayments citing liquidity issues
Digital Currency Group, which manages $296.7 million (280 million euros) in deposits and digital assets for off-chain staking services, recently experienced liquidity issues due to the bear market, ha...
Bitvavo suspends repayments citing liquidity issues
Digital Currency Group’s Bitvavo, which manages $296.7 million (280 million euros) in deposits and digital assets for off-chain staking services, recently experienced liquidity issues due to the bear ...
Generac stock leads S&P 500 gainers after Janney says buy, citing ‘free option’ on clean energy
Shares of Generac Holdings Inc. surged Wednesday, after Janney analyst Sean Milligan said the sharp selloff this year has provided investors an opportunity to buy into an established brand with a domi...