DUTCH CENTRAL BANK FINES COINBASE $3.6 MILLION FOR REGULATORY BREACH |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

De Nederlandsche Bank(DNB), the Dutch central bank, has reportedly fined the US-based crypto exchange Coinbase $3.6 million for failing to obtain the correct registration to provide services before it began to operate in the country. The central bank alleged that the...

MOODY’S IS REPORTEDLY DEVELOPING A SCORING SYSTEM FOR STABLECOINS |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

Credit rating firm Moody’s Corporation, which provides credit ratings for listed crypto companies, is reportedly developing a scoring system for stablecoins. The system will analyse up to 20 stablecoins based on the quality of the attestations of stablecoin reserves,...

CONSENSYS WILL CUT 11% OF ITS WORKFORCE |1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

Ethereum software company ConsenSys announced on 18 January that it will lay off 96 staff, which represents 11% of its workforce. The company said it aimed to reduce operating expenses while increasing the strength and focus of product teams to adjust to challenging...

GENESIS MAY FILE FOR BANKRUPTCY AS SOON AS THIS WEEK|1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

Crypto lending firm Genesis Global Capital is reportedly planning for a bankruptcy filing as early as this week. According to the report from Bloomberg, the firm has previously warned of the possibility of a bankruptcy filing if it fails to raise funds amid a...

COINBASE TO CEASE OPERATION IN JAPAN |1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

US-based crypto exchange Coinbase will reportedly cease its operations in Japan and conduct a complete review of its business in the country owing to market conditions. The exchange assured the customers that the transition would be made as smooth as possible. Fiat...

BINANCE REGISTERED AS A VASP IN POLAND |1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

Following the regulatory approval in France, Italy, Lithuania, Spain, Cyprus and Sweden, the crypto exchange Binance announced on 18 January that it had also been registered as a virtual asset services provider (VASP) in Poland to provide crypto assets and custody...