Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market.
Many popular cryptocurrency trading platforms, including Kraken and Coinbase, have recently initiated a fresh round of firings. Go to Source Powered by WPeMatico
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Cathie Wood’s ARK enters 2023 with $5.7M Coinbase stock purchase
Cathie Wood’s ARK Invest doesn’t give up on its buy-the-dip purchases, purchasing another $5.7 million worth of Coinbase shares. Go to Source Powered by WPeMatico
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021. … Read more
Coinbase reaches $100M settlement with NY regulators
Regulators stated that the company had a backlog of 100,000 alerts about potential suspicious customer transactions. Go to Source Powered by WPeMatico
Crypto exchange adoption boosts ENS registrations over 2.2M
The Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants. Go to Source Powered by WPeMatico
Lido overtakes MakerDAO and now has the highest TVL in DeFi
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake. Go to Source Powered by WPeMatico
Crypto billionaires lost $116M since March: Report
The loss represents the collective personal equity of 17 people in the space, including 15 who have lost over half of their fortunes since March. Go to Source Powered by WPeMatico
Coinbase secures VASP registration in Ireland
Operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup. Go to Source Powered by WPeMatico
Coinbase launches tool to recover ‘mistakenly sent’ ERC-20 tokens
“Our recovery tool is able to move unsupported assets directly from your inbound address to your self-custodial wallet without exposing private keys at any point,” said Coinbase. Go to Source Powered by WPeMatico
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero … Read more