Cryptocurrency Analysis and News Portal
Organizers of the conference, Bitcoin 2023, call it the “world’s largest Bitcoin gathering,” starting Thursday and ending with an exclusive afterparty on Saturday night. A general admission ticket costs $999 and an “Industry Pass” with exclusive access to the “Official Networking App” goes for $2,299. Source
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United States-based cryptocurrency exchange Gemini announced the establishment of a new engineering hub in India with plans to tap into the country’s pool of top tech talent.In an April 20 statement, Gemini’s Global CTO Pravjit Tiwana announced Gemini is “in the midst” of opening an engineering center in Gurgaon, India.
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In a warning letter released on Friday, Japan's Financial Services Agency (FSA) said that a number of foreign cryptocurrency exchanges, including Binance, Bybit, MEXC Global and Bitget, have been conducting business in the country without proper registration, violating the nation's fund settlement laws.According to the warning letter, the FSA stated
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The notice said the exchanges were in violation of the country's fund settlement laws at the time of issuing the warning letter by "conducting crypto asset exchange business without registration." The regulator also said the list of unregistered traders "does not necessarily indicate the current state of unregistered business." Source
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Crypto-friendly fintech Revolut is reportedly having some issues related to its recently released annual report for the year ending December 2021.Revolut, a British-Lithuanian neobank that allows customers to buy and sell crypto, reported its first-ever full year of profit on March 1, 2023. The firm said it generated a revenue
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Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).These issues could result in the machines overheating and in some cases, completely breaking down.The firm’s mining operations team warned
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There were numerous signs of the crypto bank’s problems, but nobody seemed to notice. Angelo Calvello says you shouldn't use traditional investment metrics to assess a non-traditional company. Source
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Under regulations, it's forbidden to trade crypto with a blacklisted entity without prior permission from South Korea's Financial Services Commission, the notice added. Crypto transactions are included in the country's regulations prohibiting the financing of terrorism. Original Source
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Binance's efforts to improve transparency of its reserves also exposed red flags in the crypto exchange's finances, according to accounting and financial specialists consulted by The Wall Street Journal. As noted by a former Financial Accounting Standards Board (FASB) member and investment manager, the report released by the audit firm Mazars
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Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC.ARK: FTX scandal may be "most damaging event" everWith BTC price volatility
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