informationAccording to the report, London is the best country for crypto startups. After the Prime Minister of the UK announced that it will make the UK a leader in the financial industry until London becomes the No. 1 city as a crypto hub. Dubai and New York Ranked among the top 3 countries where crypto startups do business Hong Kong, which was ranked as the country with the most crypto consumption in 2022, dropped to 7th place. The table above...
WisdomTree, a New York-based asset manager that operates a blockchain fund, reported that the value of its holdings The cryptocurrency dropped to $136 million at the end of Q4, down from $357 million at the end of the same quarter last year. The company posted a net loss of $28.3 million in the period, compared to a profit of $11.2 million in the same period last year. Operating income fell to $73.3 million, compared to $79.2 million in the previous...
announceAccording to Zipmex's Facebook page, customers with 18 crypto tokens on the Zipmex platform can withdraw their coins before May 22, 2023, according to the announcement. "fromannounceDelisting of 18 assets On February 1, 2023, Zipmex would like to clarify that the assets under the said transaction All withdrawals can be made from the company's trading center. Coins to be withdrawn by customers include Compound (COMP), Holotoken (HOT), Maker (MKR), OMG Network (OMG), Smooth Love Potion (SLP), SushiSwap (SUSHI) and Yearn.Finance...
Exchange tZERO Crypto, which is majority owned by Overstock, will shut down on March 6, the company announced on Twitter on Feb. 3. Today, tZERO Crypto informed its customers that it will be ceasing operations on March 6, following an orderly withdrawal of assets by the customers, which continue to be held by the custodian. 1/7— tZERO (@tZERO) February 3, 2023 tZERO is a financial technology company headquartered in New York. It facilitates the offering of securities for private companies...
Indonesian Ministry of Trade It aims to launch a national crypto exchange by June this year, six months behind its original goal of December 2022. Trade Minister Zulkifli Hasan revealed the new goals on Feb. 2 at the launch of Crypto Literacy Month in Jakarta, noting that the government is reviewing which companies meet the criteria to be part of the exchange. There are currently 5 active crypto exchanges registered with the country's regulators. And according to Zulkifli, while these...
United States legislature The Senate Banking Committee has scheduled a second hearing to explore the impact of the crypto market crash on Feb. 14. In an announcement on Feb. 3, Senate Banking Committee Chair Sherrod Brown said the senators will meet on Feb. 14 in a hearing on “Crypto Crash: Why Financial System Safeguards is Needs for Digital Assets.” Lawmakers met and discussed the collapse of FTX at a hearing on Dec. 14. Both House and Senate committees have scheduled...
Berkshire Hathaway Vice President Charlie Munger has urged the United States to follow in China's footsteps by banning cryptocurrencies. commenting on Wall Street Journal Munger attributes the rise of cryptocurrencies to a gap in regulation. Because digital assets are not currencies, commodities, or securities. “It's not a currency. But it is a bet that the dealer has an advantage of almost 100%. New federal legislation should be enacted to prevent this from happening. Back in 2021, Munger described bitcoin (BTC)...
Kraken, an exchange company Cryptocurrency It has closed its Abu Dhabi office less than 12 months after receiving regulatory approval to operate in the region. According to a Feb. 2 report from Bloomberg, Kraken hasturn offOffice in Abu Dhabi It has laid off about eight employees in its Middle East and North Africa, or MENA, team. which affects many crypto companies A spokesperson for Kraken confirmed the shutdown. It said the exchange had decided to close its offices and suspend...
Twitter is preparing for the necessary regulatory approvals to integrate payments into its platform. Including support for crypto in the future, as reported by the Financial Times. The social media platform is applying for a license. and design the necessary software to make payments to the platform. It's part of Elon Musk's drive to turn Twitter into a "super app," the FT said, citing people familiar with the company's plans. The payment will focus on fiat currencies “early,” according to...
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