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...

OSL LAYS OFF STAFF AND REDUCES HEADCOUNT IN RESPONSE TO CURRENT MARKET CONDITIONS |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

Fidelity-backed digital asset platform OSL which provides digital assets trading and custody services, and software solutions for institutional investors, is reportedly laying off staff and reducing its headcount to reduce the operating cost by about a third. Hugh...

SILVERGATE BANK REPORTS A $1 BILLION NET LOSS IN Q4 2022 |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

The California-based Silvergate Bank has announced a $1 billion net loss in the fourth quarter of 2022, resulting in a loss of $949 million last year. Customer deposits also plummeted to $6.3 billion in that quarter. The Bank said it was preparing for a sustained...

THAI REGULATOR PUBLISHES NEW REGULATION FOR VASPS THAT PROVIDE CUSTODY SERVICES |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

The Securities and Exchange Commission of Thailand has published regulation mandating virtual asset service providers that offer crypto custody services to establish a digital wallet management system. The requirements include a contingency plan to be in place in the...