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” South Korean regulators target Bithumb in new probe “ The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation….
” Binance employees to adhere to 90-day period prior to trading “ Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, have been under a microscope in an attempt to keep the behemoth in line….
” Coinbase to cut another 20% of its workforce in the second wave of layoffs “ Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs. Coinbase CEO Brian Armstrong officially announced on Jan. 10 that Coinbase will cut 950…
” FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case “ As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal. Singh attended a proffer session…
” Price analysis 1/9: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, LTC “ Investors across asset classes have been keeping a close watch on the United States Federal Reserve’s monetary policy because that sets the stage for a risk-on or a risk-off environment. The strong rally in the U.S. stock markets on Jan….
” How to keep your crypto safe in 2023: a few tips from an analyst “ There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst James Check. Joining the latest debate around self-custody, the analyst pushed back against the notion that…
” Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market. “ There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hover below the $900 billion…
” Crypto billionaires’ subsequent deaths spark wild theories among the community “ The death of four crypto billionaires within a month has caught the crypto community’s attention. These deaths occurred under suspicious circumstances, and more importantly, some of these billionaires have raised alarms about being in danger. 4 crypto billionaires dead in the span of…
” Swyftx to chop its ‘Earn’ program this week, citing murky regulations “ Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country. From Jan. 10, the crypto exchange will cease to operate the “Earn” program, with users having their entire…
” $3.9 billion lost in the cryptocurrency market in 2022: Report “ Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022. According to the report, hacks were found to be the main…