This week’s Crypto Biz looks at Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
Another centralized exchange bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems.
In challenging times, there are also opportunities for others. Honk Kong is advancing its plans to become a crypto hub, with over 150 crypto firms waiting for approval to operate as virtual assets trading platforms in the city. , urging users to withdraw funds by June 21. According to an announcement, Hotbit’s operations have deteriorated since an investigation of a former team member took place in August 2022. Authorities believe a former management employee was involved in a project that violated criminal laws. The probe forced the exchange to halt business for weeks.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
200 companies bought plane parts from an N.J. biz that didn’t actually existFive fraudsters have pleaded guilty in the $1.3 million scheme.
Consulte Mais informação »
EU Investment Firms Should Clearly State Crypto Is Unregulated, Watchdog SaysCompanies that market crypto alongside traditional securities might mislead consumers about access to fair advice and compensation, the European Securities and Markets Authority worries.
Consulte Mais informação »
DCG Sunsets Trade Execution, Prime Brokerage Unit TradeBlockCrypto giant DCGco will shutter its trade execution and prime brokerage unit - TradeBlock - by the end of this month, citing to crypto winter and regulatory uncertainties. SteveAlpher and Aoyon_A report
Consulte Mais informação »
Binance Research: AI in Crypto – Exploring Use Cases and Possibilities | Binance BlogCould AI be the next catalyst for crypto adoption? The BinanceResearch team has put together a number of examples and insights to potentially find out. Get all the details here 👇
Consulte Mais informação »
First Mover Americas: Digital Currency Group is Closing Down TradeBlockDCG is shuttering its trade execution and brokerage services unit, TradeBlock and the number of ether held on exchanges has hit a low not seen since 2016. LedesmaLyllah writes in First Mover Americas
Consulte Mais informação »
Crypto Hacks Are Down Significantly in 2023: TRM LabsA new report from TRM Labs reveals crypto hacks are down significantly at the start of 2023. Roughly $400 million worth of crypto was stolen in the first quarter, that’s down roughly 70% from the same time period in 2022. Ari Redbord, TRM Labs Head of Legal and Government Affairs, joins 'First Mover' to discuss the decline in crypto hacks so far this year.
Consulte Mais informação »