Tag: Exchange

Crypto exchange Gemini lays off 10% of workforce

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Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday. It’s at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, is subject to New York banking regulation. Gemini had 1,000 employees as of Nov. 2022, according to PitchBook data, suggesting around…

Crypto Exchange Coinbase Secures Big Sponsorship With Iconic German Soccer Team: Report

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US-based crypto exchange Coinbase is reportedly set to become a premium partner of German soccer team Borussia Dortmund (BVB). According to a report from Handelsblatt, the largest crypto trading platform in the US will get more sponsorship arrangements with BVB once Germany’s primary football league, the Bundesliga, resumes after the winter break.  Coinbase has been BVB’s partner since July last year, with the trading platform providing crypto education to the sports club’s employees.  The expanded partnership will enable the exchange to get perimeter advertising and cam carpets in Signal Iduna Parl…

Crypto Exchange Gemini Cutting Another 10% of Staff: Report

“It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount,” wrote Cameron Winklevoss, the president and co-founder of Gemini,  in the internal message. Source

Crypto Exchange Bitzlato Converted Over $1B in Crime-Linked Assets, Europol Says

The statement from Europol, the EU agency that coordinates activities among national law enforcement authorities within the bloc, details house searches in Spain, Cyprus and Portugal; the takedown of digital infrastructure in France; and seizures of 18 million euros ($19.5 million) in cryptocurrency, vehicles and electronics, plus the freezing of 50 million euros ($54.3 million) of crypto at other exchanges. Source

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K

Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature CEO DePaolo said at a New York conference hosted by investment bank Goldman Sachs. Source

Bankrupt Crypto Exchange FTX Could Restart Operations, Says New CEO: Report

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John J. Ray III, the bankruptcy lawyer who replaced Sam Bankman-Fried as FTX CEO, is reportedly considering the idea of rebooting the beleaguered crypto exchange. The Wall Street Journal reports that Ray has set up a task force to find out if restarting the former crypto behemoth could be a better alternative to selling its assets. In his first interview since becoming FTX’s new boss, Ray says the company is considering all possible options to retrieve funds. His statement comes as some customers suggest that there could be value in…

Dogecoin Rival Shiba Inu (SHIB) Continues Price Surge This Week Amid New Listing on Top South Korean Exchange

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Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea’s top crypto exchange by trading volume. The Seoul-based Upbit, which registered more trading volume than any other exchange besides Binance in the 24 hours prior to writing, listed SHIB against the South Korean Won (KRW) on Wednesday. SHIB is trading at $0.000012 at time of writing. The 15th-ranked crypto asset by market cap is up 0.88% in the past 24 hours and more than 33% in the past…

FTX New CEO Plans to Reboot Distressed Exchange, FTT Climbs 32%

In reaction to the relieving comment by the new FTX boss to reboot the exchange, the FTT token jumped 32% to $2.37. After the sudden FTX crash that resulted in losses for many investors and made several headlines, the new CEO is exploring the possibility of reviving the crypto exchange. FTX trading was one of the 130 businesses that filed bankruptcy under FTX Group, which crumbled under the leadership of Sam Bankman-Fried, known as SBF. SBF had to step down from his role as the CEO amid his legal battle…

CPCoin (CPC) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jan 19, 2023 – LBank Exchange, a global digital asset trading platform, has listed CPCoin (CPC) on January 19, 2023. For all users of LBank Exchange, the CPC/USDT trading pair is now officially available for trading. CryptoPerformance is disrupting the crypto industry through its internal and highly developed blockchain, the CPCx0 Chain, its native coin CPCoin, and a buy and hold platform – which together ensure a one-stop-shop for all crypto users and high-quality products and services. Its native coin CPCoin (CPC) has…