Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
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Nigerian crypto company suspends withdrawals after BTC and naira compromise
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media.
Gemini, Genesis file to dismiss SEC lawsuit against Earn product
Gemini said the SEC’s lawsuit against its “Earn” product — which offered yields to customers against their crypto deposits — was “ill-conceived.“
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.
Coinbase launches zero trading fee subscription service
Coinbase’s new subscription service, “Coinbase One," is expected to roll out across 35 countries in the near future.
Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks
One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams.
Crypto.com adds Pay support for MATIC, USDC and DAI
The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.
CoinShares posts highest quarterly earnings since Q1 2022
Crypto investment firm CoinShares posted its most profitable quarter in a year, according to its latest quarterly earnings report.
Bakkt delists majority of tokens from recently acquired Apex Crypto platform
The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
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