Crypto Exchange

A cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.

Sam Bankman-Fried Sold $300M Stake in FTX in October 2021 
Sam Bankman-Fried Sold $300M Stake in FTX in October 2021 
November 18, 2022  |  Cryptocurrency

When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried.  Get...

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Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
November 18, 2022  |  Cryptocurrency

Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter...

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Liquidators Object to FTX Subsidiary’s Bankruptcy
Liquidators Object to FTX Subsidiary’s Bankruptcy
November 16, 2022  |  Cryptocurrency

Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. Get the...

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Financially Linked to FTX, BlockFi Eyes Chapter 11
Financially Linked to FTX, BlockFi Eyes Chapter 11
November 15, 2022  |  Cryptocurrency

BlockFi, a digital asset lender that received a bailout from FTX earlier this year and which has significant exposure to the exchange and its associated...

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Genesis to Get $140M Equity Infusion from Parent Company
Genesis to Get $140M Equity Infusion from Parent Company
November 11, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives...

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Coinbase Cuts 60 in Recruiting and Onboarding Teams
Coinbase Cuts 60 in Recruiting and Onboarding Teams
November 10, 2022  |  Cryptocurrency

After making job cuts that totaled 18% of its full-time workforce in June, cryptocurrency exchange Coinbase has announced another 60 layoffs.  Get the Full Story...

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Coinbase Loses Half Billion Dollars and Half Million Customers in Q3
Coinbase Loses Half Billion Dollars and Half Million Customers in Q3
November 03, 2022  |  Cryptocurrency

Coinbase reported another brutal earnings miss in the third quarter of 2022, losing $545 million and missing earnings targets by a little and revenue by...

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Report: CFTC Files Complaint Against Digitex Head Adam Todd
Report: CFTC Files Complaint Against Digitex Head Adam Todd
September 30, 2022  |  Cryptocurrency

The Commodity Futures Trading Commission (CFTC) has reportedly charged Adam Todd, the founder of the cryptocurrency exchange Digitex, with running an illegal crypto derivatives trading...

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Coinbase Feels Heat as Business Model Cracks under Strain
Coinbase Feels Heat as Business Model Cracks under Strain
September 30, 2022  |  Cryptocurrency

Coinbase’s share price tumbled as the Nasdaq-listed cryptocurrency exchange’s core business model was challenged on two sides: by Wells Fargo, which gave it what amounts...

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