SINGAPORE—Chinese authorities fined ride-hailing company Didi Global the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The f...
Tag: Citing
Crypto Exchange Zipmex Pauses Withdrawals, Citing ‘Circumstances Beyond Our Control’
Zipmex, a Singapore-based digital assets trading platform, today announced that it is pausing customer withdrawals, The company took to Twitter on Wednesday to announce the move, citing “a combination...
Minecraft dismisses in-game NFTs citing a lack of ‘values of creative inclusion’
Mojang Studios, a gaming company, owned by Microsoft (NASDAQ: MSFT), has announced that it will prohibit the use of non-fungible tokens (NFTs) and other blockchain-related items in its immensely popul...
Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners – Exchanges Bitcoin News
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Au...
Crypto exchange Zipmex halts withdrawals citing market volatility
Zipmex has become the latest cryptocurrency platform to halt customer withdrawals. In a tweet, the company cited volatile market conditions and the “resulting financial difficulties of our key busines...
Shares of Bath & Body Works fall after company lowers sales guidance, citing more cautious consumers
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Shares of Bath & Body Works fell Wednesday after the company lowered its sales and earnings outlook, citing a more challenging mac...
Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations – Regulation Bitcoin News
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed aga...
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’ – Bitcoin News
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “c...
Opensea Lays Off 20% of Staff, Citing Crypto Winter
OpenSea co-founder Devin Finzer has announced on his Twitter account that the company will lay off 20% of its workers. Finzer cited the crypto winter as the driving force behind the decision. He said ...
India Shuts Down Blockchain and Crypto Assets Council Citing Compliance
The Internet and Mobile Association of India (IAMAI) will dismantle the Blockchain and Crypto Assets Council (BACC) in what is being considered a massive blow to the only representative body for the d...
Citing Benefits of Cryptocurrencies, South Africa Plans to Regulate Them as Financial Assets
Kuben Naidoo – Deputy Governor of South Africa Reserve Bank (SARB) – argued that cryptocurrencies, specifically bitcoin, provide numerous advantages to the monetary system. However, he claimed there i...
Google to slowdown hiring citing the company’s not immune to headwinds
Google (NASDAQ: GOOGL) is the latest tech company to pull back on hiring new employees or trimming staff altogether. In an email dated July 12, Sundar Pichai, Chief Executive Officer (CEO) told employ...
Philippines’ DTI Discards Calls For Binance Ban, Citing Absence Of Legal Grounds ⋆ ZyCrypto
Advertisement     The Philippines’ Department of Trade and Industry has responded to calls for the ban of Binance in favor of the crypto exchange. The DTI discarded th...
eToro Pulls Plans for Nasdaq Citing Circumstances ‘Beyond Our Control’
eToro and FinTech Acquisition Corp V have mutually agreed to terminate a merger agreement first announced in March, putting to an end to eToro’s public listing plans There will be no termination fee b...
Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default – Featured Bitcoin News
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three ...
Crypto lender CoinLoan lowers withdrawal limit citing market conditions
CoinLoan, a platform that offers crypto-backed loans, says it has temporarily reduced the withdrawal limit for lenders amid the current market turmoil, the company announced on Monday. The European cr...
CoinLoan Drops Per Day Withdrawal Limit Citing Spike in Withdrawals
2 hours ago | 2 mins read Defi News CoinLoan said that the safeguards would only be in place for a short period of time. The previous maximum withdrawal limit was $500,000 a day. Currently, CoinLoan h...
Vauld Suspends Withdrawals Citing Tough Market Conditions
Advertisement     Vauld has halted withdrawals for its customers, citing unfavorable market conditions. The lending platform received nearly $200 million worth of with...
The how, what, and why of Vauld suspending its services citing ‘challenges’
In light of the crypto-market’s recent fortunes, popular lending platform Vauld has halted trading, deposits, and withdrawals. The company’s management disclosed that it is “suffering financial issues...
Singapore Based Exchange Vauld Suspends Withdrawals Citing Volatility
Cryptocurrency exchange Vauld on Monday informed it had suspended all withdrawals, trading and deposits on its platform with immediate effect. The Singapore-based company said it was exploring restruc...
Crypto Exchange Voyager Halts Trading, Deposits and Withdrawals, Citing Debt Failure From Three Arrows Capital
Crypto exchange platform Voyager Digital is announcing a halt on all trades, deposits and withdrawals after one prominent borrower failed to repay its debt. Voyager CEO Stephen Ehrlich says that the c...
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was ...
Australian Crypto Firm Banxa to Cut Staff by 30% Citing ‘Another Crypto Winter’
Banxa, a crypto payments operator, announced that it would lay off 30% of its staff to reduce operating costs amid the ongoing bear market. “Banxa must take decisive actions to reduce costs now,...
Juul seeks to extend stay on FDA ban, citing inadequate evaluation
A sign advertising Juul brand vaping products is seen outside a shop in New York City, February 6, 2019. Mike Segar | Reuters Juul Labs is seeking to extend a temporary stay on the Food and Drug Admin...
Huobi to Reportedly Lay Off at Least 30% of Staff Citing Sharp Revenue Drop
The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly la...
CoinDCX Suspends Deposits and Withdrawals, Citing Compliance Requirements
CoinDCX, an India-based major cryptocurrency exchange, has suspended crypto deposits and withdrawals for various users,citing compliance measures as the reason for the move. After many customers expre...
Aussie Crypto Operator Lays off 40% of Staff Citing Crypto Winter: Report
The Australian cryptocurrency operator – Banxa – believes the ongoing bear market will be present for at least another year, which is why the company decided to dismiss almost half of its employees. P...
Bitpanda announces layoffs citing no compromise on product quality
Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market. Ove...
BitPanda Lays off Hundreds of Employees, Citing Tough Market Conditions
BitPanda, a cryptocurrency trading platform based in Austria, announced on Friday that it will cut down the number of its headcounts to ensure sustainability. The firm said it will reduce the number o...
Crypto Derivatives Exchange CoinFLEX Suspend Withdrawals, Citing “Extreme Market Conditions”
Popular cryptocurrency derivatives exchange CoinFLEX has joined a growing list of crypto-related platforms that have suspended withdrawals. In an official announcement on Thursday, the exchange noted...
CoinFLEX Exchange Pauses Withdrawal Citing Extreme Market Conditions
Exchange News More than $500 million to $1.5 billion was traded in the last 24 hours. FLEX Coin, will be suspended in addition to the suspension of withdrawals. CoinFLEX, a cryptocurrency exchange, ha...