Crypto Industry News
The crypto industry is quite turbulent, but also innovative, impactful, or even fun. Many dozen events of all kinds happen each day, giving crypto enthusiasts plenty to keep them interested.
We dig for the best stories to share them with readers and have quite a few news categories here on TradeCrypto for all these stories. But whatever news on the many crypto companies and events doesn’t fit anywhere else, goes in the general crypto industry news.
Coinbase scales back most of operations in Japan
U.S.-based crypto exchange Coinbase will close most programs in Japan, leaving only a security team to protect customers’ assets. According to the official announcement of Nana Murugesan, the company’s vice president of business and international development, Coinbase’s decision to cut its operations in Japan is related to global layoffs. Recently, Coinbase reported cutting 20% of […]
Coinbase cuts 20% of jobs to survive any winter scenario
Crypto exchange Coinbase is experiencing a second round of layoffs. This time, Coinbase intends to lay off 950 employees and shut down several projects. Last June, Coinbase laid off 18% of jobs, or 1,000 employees, to “ensure we stay healthy during this economic downturn.” As it appears now, with another wave of cutting jobs at […]
Mark Cuban to testify about Voyager promotion allegations
Billionaire investor, crypto influencer and owner of Mavericks, Mark Cuban, is to stand pre-trial on Feb. 2 for promoting the bankrupt company, Voyager Digital. Mark Cuban is to answer questions under oath that will determine whether the case against him will be opened. Previously, Cuban had requested that the questioning be split into two sessions. […]
CoinMarketCap airdrop scandal: projects claim fraud
Several crypto projects reported a sharp drop in price after CoinMarketCap failed to run fair promotional token airdrop campaigns. CoinMarketCap responded to the allegations. TokenBot and SaTT accused CoinMarketCap of manipulating the paid promotional token drops in favor of some wallets. Promotional drops are originally planned to distribute tokens to thousands of users to generate […]
Mt. Gox postpones deadline for repayment selection to March 2023
Mt. Gox’s attorney Nobyaki Kobayashi states that the previously announced deadline for repayment selection on January 10 has been moved to March 10 after obtaining the court’s permission. Now, all the clients will have more time to decide how they want to receive the repayment and fill in their payee information on Mt. Gox. The […]
Sam Bankman-Fried wants to hold Robinhood shares, pay lawyers
The former FTX CEO, currently out on bail awaiting trial, is fighting for Robinhood shares claimed by both FTX and BlockFi to pay legal fees. On Dec. 28, during a court hearing, Judge Michael Kaplan agreed to consider BlockFi’s request to transfer 56 million Robinhood market shares, valued at $430 million, to a neutral broker […]
Huobi to lay off 20% of employees, Justin Sun denies rumors
Amid rumors of possible insolvency, the Huobi crypto exchange plans to lay off 20% of its workforce, an official confirmed to Reuters. On January 6, Huobi stated: The planned layoff ratio is about 20%, but it is not implemented now. With the current state of the bear market, a very lean team will be maintained […]
Mango Markets exploiter to remain in detention until trial
The United States District Court for the District of Puerto Rico could find no grounds to release Avraham Eisenberg from custody before trial. Quite the contrary. Avraham was apprehended by Puerto Rico police on December 28 and charged with market manipulation and fraud in connection with the October 11 Mango Markets exploit. Related: Mango Markets […]
SEC is against Binance.US to buyout Voyager Digital
The U.S. Securities and Exchange Commission finds Binance.US’s $1 billion deal to buy Voyager Digital insufficient, emphasizing the size of the deal and the unreliability of the origin of Binance.US’s assets. On January 4, the SEC filed an objection to authorizing entry to Binance.US’ purchase of Voyager Digital, stressing the latter still seeks conditional approval […]
Grayscale ETH trust sinks to 60% all-time low, GBTC to 45%
As concerns widen around its parent company, Digital Currency Group, Grayscale’s Ethereum and Bitcoin trusts have fallen to record discounts. The Grayscale Ethereum Trust (ETHE) is currently trading at a significant discount of almost 60% to the value of its underlying assets. This follows a 93% decline in share value from its all-time high in […]
