Zipmex resumes withdrawals for trade wallets
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
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NFT sales will fund the restoration of physical monuments in Ukraine
“NFT[s] will not stop Russian missiles, but blockchain technology will contribute to the economic recovery and development of Ukraine,” said Alexander Borniakov.
Mercado Bitcoin plans to expand to Mexico
The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.
Curve to Launch Over-Collateralized Stablecoin: Founder
Curve is planning its own over-collateralized stablecoin, Curve CEO Michael Egorov revealed today. The stablecoin is likely to have a similar structure to MakerDAOs DAI. Stablecoins Galore Curve is looking...
Blockchain.com Cutting a Quarter of Its Staff: Report
The firm is reportedly closing down its Argentina offices and scrapping its plans to expand to other countries. Blockchain.com Cutting Workforce Blockchain.com is the latest cryptocurrency firm to slash its...
Zipmex Outlines Plan to Allow Some Customer Withdrawals
The exchange added that it was exploring all available channels including fundraising, legal action, and restructuring in a Thursday statement. Zipmex Shares Update Amid Crisis Zipmex has thrown its customers...
Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase.
FTX and FTX US seek even more funding following acquisitions: Report
Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January.
Celsius Was “Absolutely Trading CEL to Manipulate the Price”: Former Exec
Celsius former financial crimes compliance director told CNBC that the beleaguered lender was dealing with a range of internal failures years before it filed for Chapter 11 bankruptcy. Celsius Faces...
Crypto Exchange Zipmex Freezes Customer Withdrawals
Zipmex announced the update in a Wednesday tweet, saying withdrawals would be paused until further notice. Zipmex Pauses Customer Withdrawals Zipmex has become the latest cryptocurrency firm to resort to...
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