Missing Thodex CEO may face 40,000+ years behind bars in new indictment
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
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Is Coinbase doomed? YouTuber TechLead explains why
While the launch came with much fanfare around Coinbase and the promise of a regulated, compliant central exchange, some notable names in the digital currency sector are flagging serious problems with the company and their offer.
Tether claims record $2.85 billion profit in Q4, still can’t afford an audit
Tether noted that it prepared its reserves report "using the recognition and measurement principles" of the IFRS without making sufficient disclosures to actually comply with the IFRS.
Coinbase cuts another 20% of workforce and warns of up to $500M in losses
The cuts amount to 950 people, on top of the 1,100 Coinbase cut back in June; its CEO Brian Armstrong says the layoffs are part of a plan to cut operating expenses by 25%.
Coinbase surviving on USDC interest as YTD losses top $2 billion
The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million, thanks largely to the U.S. Federal Reserve hiking its lending rates.
Is Coinbase going bankrupt? Exchange to shut down its US affiliate marketing program
Shutting its affiliate program is the latest in a concerning sequence of decisions that signal Coinbase may not be in as strong a financial position as many believe.
Digital asset lender Celsius ‘pauses’ withdrawals and swaps for indefinite period
The announcement follows reports over the past few days that the Celsius Network had been borrowing millions of dollars worth of USD stablecoins (USDC and USDT) to cover withdrawals.
Binance muzzles crypto critics with $200M Forbes investment
The deals are reportedly intended to help Forbes “maximize its brand and enterprise values” by turning readers into “long-term, engaged customers of the platform.”
Litecoin’s new black eye: Bogus Walmart tie-up latest blow to LTC reputation
A bogus claim that Walmart would accept payments in Litecoin (LTC) has left the media’s reputation in tatters while further sullying the ‘crypto’ sector’s image as a hotbed of crooks and chancers.
Coinbase’s conflation of in-house stablecoin, US dollar sparks liquidity concerns
Coinbase is facing liquidity rumors after the struggling cryptocurrency exchange conflated its in-house stablecoin with the U.S. dollar for online trades.
BTC tries new ‘Sanction Evader’ narrative, fails miserably (again)
BTC maxis desperate to prove their utility-free token has some functional purpose should tread carefully before promoting it as a tool for wealthy Russians to evade economic sanctions.
Binance wants to set up HQs in Ireland, halts derivatives trading in South Africa
Binance is looking to open headquarters in Ireland after registering three firms there, but in South Africa, it’s been forced to drop derivative products.