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2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
15.11.2022
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender...
Bitcoin miner Canaan scales operations despite low earnings, CEO says
14.11.2022
Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
11.11.2022
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts...
CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report
11.11.2022
FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...
Japan's financial regulator requests FTX Japan halt operations
10.11.2022
Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in
FTX Japan Ordered by Regulator to Suspend Operations Following Withdrawal Halt
10.11.2022
Japan's Financial Services agency has ordered the local arm of Sam Bankman-Fried's crypto exchange to halt operations until December and put together a "business improvement plan."
Binance to buy non-US operations of FTX
9.11.2022
FTX is facing a liquidity crunch, and there is a dire need to protect customers. The venture has, therefore, sought assistance from Binance by offering it to buy the non-US operations. Reportedly, Binance has agreed to move forward by signing a non-binding letter of intent, or LOI. The acquisition...
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
5.11.2022
The Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition...
Zero Hash Launches Operations in Brazil as First Step in Latin America
3.11.2022
After opening an office in São Paulo, the company now plans to offer execution, settlement and liquidity solutions to clients in the South American country
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country
31.10.2022
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is experiencing is taking its toll on the power system, with many miners plugging in illegally...
Argentine Tax Authority AFIP Notified 4,000 Crypto Holders to Ammend Their Tax Statements
31.10.2022
The Argentine Tax Authority (AFIP) is ramping up its fight against cryptocurrency-related tax evasion. On Oct. 28, the organization informed it had sent notifications to 3,997 taxpayers about incongruencies between their tax statements and reports on their cryptocurrency holdings. These statements...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...
Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm
26.10.2022
On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining...
Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana
25.10.2022
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto...
Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty
22.10.2022
Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second...
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs
14.10.2022
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer...
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis
13.10.2022
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers...
Dapper Labs Suspends NFT Operations for Russian Users Amid New EU Sanctions
10.10.2022
Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform Dapper Labs Conforms...
BNB Smart Chain Resumes Operations After $100M Exploit
7.10.2022
A tweet from the official BNB chain Twitter account indicates that the chain is expected to be back online in the afternoon Asia time