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Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,” according to a statement from Koticha posted to social media on Nov. 14. The statement comes approximately two months after Opyn settled an enforcement action against it
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In today’s evolving crypto landscape, there’s a vast range of opportunities intertwined with complex challenges. Navigating the turbulent waters of the still-nascent crypto and defi market demands
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A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law. In a Sept. 19 announcement, the U.K. government said the Online Safety Bill had passed through a final debate in Parliament and
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Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States.According to an Aug. 28 report from The Wall Street Journal, a Binance spokesperson said the exchange was considering all options in regards to Russia, “including a full exit”. The report followed
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Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the United States” despite many other crypto firms considering leaving the
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Global cryptocurrency exchange Binance has terminated its services in the Netherlands, making an exit from the Dutch market after a bid to obtain a virtual asset service provider (VASP) license failed.The termination of services is effective immediately, and no new customers from the Netherlands can open an account with the crypto
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However, Umami temporarily stopped all payouts to token holders in early February, citing regulatory considerations, messages in Umami’s Discord channel show. This caused some discourse among community members, who said the product seem to do the opposite of what it earlier told potential token investors. Source
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Duncan Cock Foster said he and his brother would be replaced by VP of engineering Eddie Ma as technical leader, and director of collector services and growth Tara Harris as non-tech leader, and that he and Griffin would continue with the company as advisors to ensure continuity. Source
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The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision to leave the U.S. is “regrettable but necessary.”Today we are announcing the regrettable but necessary decision that
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The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled.In a Nov. 17 statement, ASX announced it had paused all current activities of its “CHESS replacement project” following an independent review from technology
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