Cryptocurrency Analysis and News Portal
Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline. Virgin Orbit has shut down its operations following the disposal of its assets and equipment to a trio of aerospace companies in a bankruptcy sale. The company confirmed its closure after Rocket
Read More
The Malaysian SC has urged the local investors to immediately cease trading via Huobi Global, withdraw their investments, and close their accounts. A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As
Read More
After five years of service, Hotbit joins Paxful and Bit4You to exit the crypto market. Hotbit, a centralized cryptocurrency exchange (CEX), has suspended its business operations. The company announced the decision on May 22, 2023, citing several factors including the change in crypto market trends, the depegging of stablecoins from their
Read More
The crypto industry will pivot increasingly toward more decentralized business models in response to the sterner regulatory oversight of centralized firms following FTX's collapse, according to Hotbit. Decentralized businesses should in theory be able to avoid the risk of there being a single point of failure, as occurred with FTX. Source
Read More
The country's regulator told CEO Leon Li to ensure the website and mobile apps are disabled. Source
Read More
Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC.In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Paxful, a peer-to-peer (P2P) crypto trading platform, has banned its co-founder and former CEO, Ray Youssef. Paxful drama unfolds This development comes just days after the company announced its return to operations. In response to a customer complaint, Youssef
Read More
Crypto mining firm Marathon Digital Holdings has announced it partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.In a May 9 notice, Marathon Digital said the joint venture will be based in Mina Zayed and Masdar City in the United
Read More
Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April.In an update posted to its website, Paxful said its team had relaunched the marketplace after more than 30 days. Though the platform said its wallet had “remained fully operational” during the suspended service, it’s unclear
Read More
Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.In a May 7 blog post, Coinbase said chief executive officer Brian Armstrong and some of the firm’s executive team
Read More