British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations
This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities. Source
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Operations
Auros Global expects to resume regular operations following restructuring plan
Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan. Statement from Auros regarding recent references in the media – pic.twitter.com/9RFHhYjHqz— Auros (@Auros_global) December 20, 2022 Following the collapse
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South Korean Mobile Financial Services Platform Toss Concludes $405M Series G Funding, Looks to Expand Operations
With the conclusion of its latest funding, Toss plans to grow further its suite of services, including Toss Bank and Toss Securities. South Korean finance super app Toss has concluded a Series G funding worth $405 million and is now reportedly worth 9.1 trillion won, or $7.1 billion. This development marks
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Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023 – Metaverse Bitcoin News
Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial and retail operations. Nvidia Believes Metaverse
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FTX reportedly gets 3 more months to stop all operations in Japan
The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year.The Kanto Local Finance Bureau, a local financial regulator, running under the Ministry of Finance of Japan, has issued a statement regarding FTX Japan operations, Reuters
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Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to
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Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO.Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, the firm officially announced on Nov. 14. The firm’s Q3 net income amounted
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CySEC requested FTX’s European arm suspend operations prior to bankruptcy: Report
The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm.According to a Nov. 11 Reuters report, the CySEC said it had asked FTX Europe
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FTX Japan Ordered by Regulator to Suspend Operations Following Withdrawal Halt
In its order, the FSA cites the fact that FTX Japan halted withdrawals for customers in the country without specifying a date for reinstatement and without stopping the onboarding of new customers to the platform. CoinDesk was told early Thursday by a source that FTX Japan had indeed halted withdrawals.
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Zero Hash Launches Operations in Brazil as First Step in Latin America
After opening an office in São Paulo, the company now plans to offer execution, settlement and liquidity solutions to clients in the South American country. Original Source
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