Crypto Exchange

Crypto exchange Coinbase is looking at the possibility of withdrawing from the Japanese market. It has been driven by the steep decrease in cryptocurrency trading after the collapse of FTX. Coinbase began doing business in Japan in 2021…
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Binance’s retail customers will face incoming service disruption on February 1 that would affect on and off-ramp bank payment transfers. Users of US dollar-held accounts seeking to trade cryptocurrencies for less than $100,000 via SWIFT…
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In its latest move against the collapse of cryptocurrency exchange FTX, US prosecutors seized about $700 million worth of assets owned or tied to Sam Bankman-Fried. A court filing stated that federal authorities seized over $698 million…
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The collapsed crypto exchange FTX highlighted that $415 million worth of cryptocurrency was hacked from the platform’s accounts. Lawyers and advisors for FTX debtors, in a presentation titled Maximizing FTX Recoveries, said they are valued…
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Sam Bankman-Fried, the former CEO of FTX, says the crypto exchange’s bankruptcy restructuring team claims about missing millions worth of customer funds are wrong. He said the team’s claims are contradicted by data later on in the same…
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Coinbase, as part of a restructuring program, is set to reduce its headcount by around 950 employees by the end of Q2 2023. This means the crypto exchange will let go of 20% of its workforce. Currently, it has about 4,700 employees.…
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In response to authorities' concerns about cryptocurrency fraud, Santander UK, the Spanish financial giant's British subsidiary, has established a £1,000 ($1,120) restriction on consumer cryptocurrency transactions. According to an…
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There is no FTX Arena as a Florida judge stripped Sam Bankman-Fried’s bankrupted crypto exchange of its naming rights to the home of the Miami Heat. This came about attorneys informing the court that funds from Alameda Research funded the…
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Huobi adviser Justin Sun has denied rumors that crypto exchange Huobi was heading for insolvency. The speculations gained traction as the company laid off staff and shuttered internal communications. Sun said the business development of…
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After laying off 18% of its workers in June, Coinbase is once again letting its employees go, this time more than 60 staff in its recruiting and institutional onboarding departments. The crypto exchange is still trying to cut costs in the…
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