CEO Leif Ferreira said at the time that the company planned to add 250 employees, despite the onset of challenging conditions in the crypto industry. “In a context of many layoffs, now is the time to hold and build,” he said.. “Crypto is not going to stop, no matter how much prices have fallen.” Source
press release PRESS RELEASE. INTERNET CITY, DUBAI, Oct. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/USDT trading pair will be officially available for trading at 10:00 UTC on October 25, 2022. Utilizing the blockchain technology to tokenize the physical gold, VNX Gold (VNXAU) provides the reliability of gold with the flexibility of a crypto asset and enables users to buy and sell the purest gold from anywhere in the world.…
Blockchain Capital – which operated the ACX crypto exchange that collapsed last year – used customer deposits to fund another part of its business instead of keeping the money in reserve, according to a Sydney Morning Herald report on a court hearing that involved looking into the findings of the exchange’s liquidators. Source
Coinbase is adding two more under-the-radar altcoins to its listing roadmap, including the governance token of a non-custodial liquid staking protocol built on Solana (SOL). The exchange announced on Thursday that the roadmap now includes Marinade (MNDE) and one related staking altcoin. Likely due to the announcement, MDNE has exploded by more than 52% in the past 24 hours and is trading at $0.076474 at time of writing. Today’s price movement, however, pales in comparison to the extreme volatility MDNE demonstrated earlier this week, reaching a low of $0.002891 on…
Chris Tarbell, co-founder boutique investigative firm NAXO, discusses why the $114 million exploit of Mango Markets was more about market manipulation, rather than hacking. Source
Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union. On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers. “Due to the new European legislation, we have to take measures to restrict your Kraken account,” the company said. According to an email statement seen by Cointelegraph, Russian users would be able to withdraw their funds by request. “We will update our support…
Billionaire Sam Bankman-Fried’s crypto exchange platform is under investigation by the securities regulator of Texas for allegedly offering unregistered seucurities in the state. A court document related to crypto lender Voyager Digital’s bankruptcy reveals that the Texas State Securities Board’s enforcement division is investigating FTX. Joseph Rotunda, the director of the board’s enforcement division, says in a declaration that he transferred Ethereum (ETH) to an FTX account and has been earning yield on it. He argues that the exchange’s yield program appears to be an investment contract. “Based upon my…
Después de adquirir un NFTicket, un cliente puede subastarlo, venderlo, transferirlo, regalarlo o intercambiarlo a través de un sistema peer-to-peer y registrar el nombre tres días antes del vuelo, dijo a CoinDesk el director de Blockchain de TravelX, Facundo Martín Díaz, el mes pasado. Source
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions are set to remain in force for an indefinite period. Eliminating Pressure From Foreign Products The Ethiopian government has reportedly instructed banks to reject requests for foreign currency to buy what the Ministry of Finance calls non-priority goods. In a letter to the country’s central bank, the ministry…
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