Jefferies wrote that Coinbase would be “acutely pressured in the near term” as retail customers withdraw from crypto after the FTX crumble.
The Korean-based entity will take up a new name, and henceforth, operate independently from Huobi Global.
The former FTX boss said he will share details about what he knows of the exchange “in time”.
As the team behind Nomad Bridge works on relaunching the platform, a fresh movement of 1200 ETH has been noticed from one of the wallet addresses linked to the hack.
The revision of the withdrawal policy is the latest in a series of moves the company is making to stay afloat.
US prosecutors have created a website to communicate explicitly with the victims of disgraced ex-FTX boss Sam Bankman-Fried (SBF).
The Mexican CBDC will not launch until after 2024 because its development is still in its initial stages.
The huge popularity of Bonk, a Solana-based meme coin, has significantly increased the overall SOL demand in the crypto world market.
The US attorney’s office for the Western District of Washington in Seattle has subpoenaed a few investment firms asking them to provide records of their communications with Binance over the past few months.
The crypto winter has exposed the frailty in the business models of many companies in Web3, and the implosion of the FTX Derivatives Exchange back in November further aggravated the financial inconsistencies in Genesis and DCG as a whole.
Hoskinson says his new clinic will accept ADA from customers, as a payment method for the medical services they receive.
SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,964 crypto jobs have been lost.
The need for better transparency and compliance with laid down rules will be critical in 2023.
Genesis conducted the latest staff cut after the company informed clients about “reducing costs and driving efficiencies” amid challenging times for many crypto firms.
The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.