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Cryptocurrency Exchange OKX Considers A 1% Workforce Reduction
Monday, February 6, 2023 - 2:56pm | 351Cryptocurrency exchange OKX is considering a potential workforce reduction, a company spokesperson said. The OKX spokesperson declined to reveal the exact number of the potential layoffs, but stated it may effect less than 1% of OKX's global workforce. Employees that will be...
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Kraken Retreats: Crypto Exchange Shuts Abu Dhabi Office, Cuts Workforce
Thursday, February 2, 2023 - 3:15pm | 397Cryptocurrency exchange Kraken closed its Abu Dhabi office less than a year after obtaining a local license as part of its ongoing retrenchment efforts. The company reportedly laid off most of its team focused on the Middle East and North Africa, affecting around eight employees. The exchange...
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Crypto.Com Token Outshines Bitcoin, Ethereum Gains To Hit 2-Month High As Weekly Volume Surges 1,100%
Tuesday, January 17, 2023 - 12:27am | 338Cronos (CRYPTO: CRO), the native currency of Crypto.com is up 7% in the last 24 hours, hitting $0.08, its highest since November 2022, outperforming gains in other assets, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Data...
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Crypto.com Set To Delist Tether In This Country: What Customers Need To Do By Jan. 31
Tuesday, January 10, 2023 - 3:52pm | 438In a decision that is likely to raise concerns in the cryptocurrency industry, Crypto.com has announced that it will no longer support Tether (CRYPTO: USDT) on its platform in Canada, with the delisting taking effect on Jan. 31 at 1:00 p.m. ET. This means that all USDT transactions on the...
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Auditing Firm Mazars Group Suspends Work With Crypto Clients: Report
Friday, December 16, 2022 - 11:19am | 509Auditing firm Mazars Group suspended work for all cryptocurrency clients worldwide, according to Binance (CRYPTO: BNB), a cryptocurrency exchange and client of the auditing firm. “Mazars has indicated that they will temporarily pause their work with all of their crypto clients...
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Crypto.com Releases Proof-of-Reserves Information, Demonstrating Complete Client Asset Backing
Friday, December 9, 2022 - 2:09pm | 378Proof-of-reserves information from auditing company Mazars Group demonstrated cryptocurrency exchange Crypto.com clients' assets were fully backed one-to-one, according to a statement made by the firm on Friday. This came after competing exchange Binance on Wednesday produced a...
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BlackRock CEO Says FTX's Token Caused Its Collapse, But The Technology Is Still Cutting Edge
Thursday, December 1, 2022 - 1:34pm | 619Asset management company BlackRock Inc.'s (NYSE: BLK) CEO Larry Fink asserted that FTX's collapse was caused by the creation of its own centralized (CRYPTO: FTT) token, which went against the "whole foundation of what crypto is." The $8 billion investment firm...
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Fortune Fails The Brave: Super Bowl Cryptocurrency-Related Companies Continue Curse
Monday, November 28, 2022 - 8:12pm | 781The defending Super Bowl champion Los Angeles Rams are having a tough 2022 NFL season, but the team isn't the only one that might be suffering from a Super Bowl hangover. Several notable cryptocurrency-related companies that ran ads during the big game or were involved in some...
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Binance Temporarily Suspends USDT, USDC Deposits On The Solana Blockchain, Resumes Later
Thursday, November 17, 2022 - 1:27pm | 584Cryptocurrency exchange Binance on Thursday temporarily suspended deposits of the stablecoins USDC (CRYPTO: USDC) and USDT (CRYPTO: USDT) on the Solana blockchain "until further notice," but resumed a few hours later. "After internal assessment and review, Binance has now...
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Crypto Industry Will Face More Liquidity Issues, Crypto.com CEO Says — And Smaller Coins May Need To Be Delisted
Tuesday, November 15, 2022 - 1:15pm | 512Crypto.com moved a large amount of Ethereum (CRYPTO: ETH) to a preapproved address, a corporate account, then realized its error and moved the cryptocurrency back to cold storage, CEO Kris Marszalek said in a CNBC interview. The company has improved its systems so these types of...
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Crypto.com CEO Says ETH Worth $300M Transferred 'Erroneously,' Binance's CZ Tweets 'Clear Sign Of Problems'
Sunday, November 13, 2022 - 10:50am | 754Crypto.com erroneously sent more than 320,000 Ether (CRYPTO: ETH) worth around $400 million to competing cryptocurrency exchange Gate.io, on Oct. 21, according to the company’s CEO. This information was made public today after a Twitter user shared a screenshot asking why a significant amount...
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20% Of Crypto.com Reserves Are On This Meme Coin
Sunday, November 13, 2022 - 12:04am | 375Kris Marszalek, CEO of cryptocurrency exchange, Crypto.com, tweeted on Friday that the company is working with Nansen to create a simple dashboard to show “a full audited proof of reserve.” Nansen tracked all wallets related to Crypto.com to show this dashboard view of the Crypto.com...
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Just In: Crypto.com Suspends These Withdrawals, Deposits On Solana Chain
Wednesday, November 9, 2022 - 12:28pm | 550Crypto.com withdrawals, deposits news updates: Citing recent industry events, crypto.com informed customers it suspended deposits and withdrawals of (CRYPTO: USDC) and (CRYPTO: USDT) on Solana (CRYPTO: SOL) blockchain. The move comes after the market went through a crypto crash following Binance (...
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Visa Partners With This Major Crypto Exchange To Launch NFT Collection Ahead Of FIFA World Cup 2022
Wednesday, November 2, 2022 - 12:30pm | 582Payments behemoth Visa Inc (NYSE: V) has announced a partnership with Crypto.com to launch an NFT collection of iconic goals from five legendary soccer players, ahead of the FIFA World Cup 2022 in Qatar. Iconic goals by legendary soccer stars Jared Borgetti, Tim Cahill, Carli Lloyd, Michael...
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Shiba Inu Army Clamors For Binance To List Bone ShibaSwap Token
Thursday, October 20, 2022 - 6:47am | 461At least 208 community members of Shiba Inu token (CRYPTO: SHIB) have signed a petition urging cryptocurrency exchange Binance to list the governance token of the SHIB ecosystem — Bone ShibaSwap (CRYPTO: BONE). What Happened: BONE allows the members of the SHIB community to...