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Crypto Winter

Crypto exchanges
March 10, 2023

Blockchain.com to halt operations of its asset management subsidiary

Blockchain.com will halt operations of its subsidiary, Blockchain.com Asset Management, on account of the prolonged crypto winter.
Crypto exchanges
February 18, 2023

Blockchain.com debunks rumors of selling businesses

Blockchain.com denied reports about the firm attempting to raise capital by selling its subsidiaries.
Crypto exchanges
January 18, 2023

Coinbase To Suspend Operations In Japan

Coinbase announced its plans to halt operations in Japan after reducing its workforce by 20% last week.
Crypto exchanges
January 12, 2023

Blockchain.com Reduces Its Workforce By 28%

Blockchain.com slashed its workforce by 28% to reduce expenses amidst the ongoing crypto winter.
Crypto exchanges
January 10, 2023

Coinbase Aims To Reduce Operational Costs By Laying Off 20% Of Its Workforce

Coinbase announced its plans to cut 20% of its jobs and close down projects that have a low probability of success to survive the bearish crypto market.
Crypto exchanges
December 28, 2022

Kraken To Cease Operations In Japan

Kraken announced it will exit the Japanese market by January 31, 2023, due to bearish crypto market trends.
Crypto exchanges
December 14, 2022

Binance.US Launches Zero-Fee Payment Service For Mobile App Users

Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.
Crypto exchanges
December 5, 2022

Swyftx Cuts 35% Of Staff In Its Second Round Of Layoffs

Swyftx has cut about 35% of its employees in its second round of layoffs due to the worsening market conditions. The exchange laid off 90 employees today to re-position better and ensure financial stability.
Crypto exchanges
December 4, 2022

Bybit Reduces Workforce As Bear Market Worsens

Bybit has reduced its workforce due to the increasing effects of the bear market. This is part of its ongoing re-organization to enable them to deliver the crypto ark to the world with more passion and drive.
Crypto exchanges
November 30, 2022

Kraken Slashes 30% Of Its Workforce To Survive Crypto Winter

Kraken laid off 30% of its global workforce (around 1,100 employees) to brave the crypto winter.
Crypto lending
October 10, 2022

TrueFi Announces First Default on BUSD Loan by Blockwater Technologies

TrueFi has issued its first notice of default on the BUSD loan to Blockwater Technologies. The firm owes TrueFi over $3.4 million and has only been able to pay $645,000.
Crypto lending
October 5, 2022

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.
Crypto lending
October 4, 2022

Matrixport Acquires $50M Insurance Coverage With Lloyd’s Syndicate

Matrixport signed a $50M insurance policy with Lloyd Syndicate to protect itself from any liquidity issues that may arise due to the crypto winter.
Crypto Mining
October 3, 2022

Merkle Standard Increases Hashrate to 900% Within 8 Months

Merkle Standard has increased its hashrate to 900% within eight months. This has led to the rise in its computing power from a previous rate of 0.3EH/s to 3.1EH/s.
Crypto lending
September 27, 2022

CoinLoan’s Semi-Annual Report Reveals Promising Results

According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.
Crypto regulation
September 21, 2022

Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.
Crypto lending
September 1, 2022

Celsius Files To Reopen Withdrawal For Eligible Users

The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.
DeFi
August 21, 2022

XRP Network Sees Highest Whale Activity Since May

As the crypto market heads in a bearish direction, XRP sees a massive influx of whale transactions, with over $100K worth of funds transferred as Ripple tokens.
Bitcoin
August 21, 2022

Bitcoin Declines By 15% As Crypto Market Nears Worst Weekly Close Since June

The crypto market seems to be taking another hit as Bitcoin and altcoins have had a bad week.
Crypto Mining
August 19, 2022

SBI Holdings Loses 40% Of Its Hash Rate, Canaan Doubles Mining Profits

SBI Holdings sees a 40% drop in its hash rate after it ceases crypto mining operations in Siberia, while Canaan sees an increase of 117% in its mining revenue despite China’s crypto ban and the overall decrease in mining profits.
Crypto lending
August 19, 2022

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.
Crypto lending
August 14, 2022

BlueBenx Suspends Withdrawals Following $32M Hack

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

Latest News

Kraken To Cease Operations In Japan

Crypto exchanges
December 28, 2022
Kraken announced it will exit the Japanese market by January 31, 2023, due to bearish crypto market trends.

Binance.US Launches Zero-Fee Payment Service For Mobile App Users

Crypto exchanges
December 14, 2022
Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.

Swyftx Cuts 35% Of Staff In Its Second Round Of Layoffs

Crypto exchanges
December 5, 2022
Swyftx has cut about 35% of its employees in its second round of layoffs due to the worsening market conditions. The exchange laid off 90 employees today to re-position better and ensure financial stability.

Bybit Reduces Workforce As Bear Market Worsens

Crypto exchanges
December 4, 2022
Bybit has reduced its workforce due to the increasing effects of the bear market. This is part of its ongoing re-organization to enable them to deliver the crypto ark to the world with more passion and drive.

Kraken Slashes 30% Of Its Workforce To Survive Crypto Winter

Crypto exchanges
November 30, 2022
Kraken laid off 30% of its global workforce (around 1,100 employees) to brave the crypto winter.

TrueFi Announces First Default on BUSD Loan by Blockwater Technologies

Crypto lending
October 10, 2022
TrueFi has issued its first notice of default on the BUSD loan to Blockwater Technologies. The firm owes TrueFi over $3.4 million and has only been able to pay $645,000.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Crypto lending
October 5, 2022
Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

Matrixport Acquires $50M Insurance Coverage With Lloyd’s Syndicate

Crypto lending
October 4, 2022
Matrixport signed a $50M insurance policy with Lloyd Syndicate to protect itself from any liquidity issues that may arise due to the crypto winter.

Merkle Standard Increases Hashrate to 900% Within 8 Months

Crypto Mining
October 3, 2022
Merkle Standard has increased its hashrate to 900% within eight months. This has led to the rise in its computing power from a previous rate of 0.3EH/s to 3.1EH/s.

CoinLoan’s Semi-Annual Report Reveals Promising Results

Crypto lending
September 27, 2022
According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.

Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

Crypto regulation
September 21, 2022
The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

Celsius Files To Reopen Withdrawal For Eligible Users

Crypto lending
September 1, 2022
The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.

XRP Network Sees Highest Whale Activity Since May

DeFi
August 21, 2022
As the crypto market heads in a bearish direction, XRP sees a massive influx of whale transactions, with over $100K worth of funds transferred as Ripple tokens.

Bitcoin Declines By 15% As Crypto Market Nears Worst Weekly Close Since June

Bitcoin
August 21, 2022
The crypto market seems to be taking another hit as Bitcoin and altcoins have had a bad week.

SBI Holdings Loses 40% Of Its Hash Rate, Canaan Doubles Mining Profits

Crypto Mining
August 19, 2022
SBI Holdings sees a 40% drop in its hash rate after it ceases crypto mining operations in Siberia, while Canaan sees an increase of 117% in its mining revenue despite China’s crypto ban and the overall decrease in mining profits.

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending
August 19, 2022
Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.

BlueBenx Suspends Withdrawals Following $32M Hack

Crypto lending
August 14, 2022
Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.
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