Saturday, April 20, 2024
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Paxful closing, CEO blames staff departures, regulatory challenges

Peer-to-peer cryptocurrency marketplace Paxful announced on April 4 that it was suspending operations. Paxful founder and CEO Ray Youssef said in a blog that “key staff departures” and the regulation environment were behind the decision.“We are not sure if it [the marketplace] will come back,” Youssef wrote. He added that

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Secret Blockchain Suffers Departures as Foundation Founder Tor Bair’s $2M-Plus Dividend Sparks Outcry

“Instead of paying out my vested tokens in December 2021, I converted my vested portion of tokens to USD at the OTC price and Secret Foundation distributed these funds as a dividend,” Bair wrote. OTC stands for over-the-counter, referring to the off-exchange market price. “The amount of tokens vested was

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AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Limping out of 2021Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on

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Facebook Officially Launches Libra Despite High-Profile Departures

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss

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