Auto Added by WPeMatico

Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin

Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users…

Continue ReadingReport: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin

Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges

The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to…

Continue ReadingColombia Takes First Steps Toward Regulating Cryptocurrency Exchanges

Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while…

Continue ReadingGovernor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia

Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by…

Continue ReadingFormer CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will…

Continue ReadingThailand Exempts Crypto Transfers From VAT Until End of 2023

Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532…

Continue ReadingBitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn

Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move…

Continue ReadingCrypto Exchange Coinbase Slows Hiring Amid Market Downturn

Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank…

Continue ReadingCrypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI