This Crypto Exchange CEO Just Got Served a 7-Year Prison Sentence

2024-2-7 10:30

Allegations against Bitsonic's CEO include disguising the exchange's operations while profiting from users and manipulating token prices, while the CTO faces charges for interfering with trading operations to benefit the CEO's schemes.

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Ledger reduces staff by 12% as controversial Recover feature looms

Hardware wallet manufacturer Ledger announced in a blog post on Oct. 5 that it will lay off a significant percentage of its staff while continuing operations. The company’s CEO, Pascal Gauthier, wrote in a letter: “Macroeconomic headwinds are limiting our ability to generate revenue, and in response to the current market conditions and business realities […] The post Ledger reduces staff by 12% as controversial Recover feature looms appeared first on CryptoSlate.

2023-10-6 01:40


Huobi ordered to cease operations by Malaysian regulators

Crypto exchange Huobi was ordered to stop operating in Malaysia by the Securities Commission (SC) of the Asian country. The regulator issued a public reprimand to Huobi CEO Leon Li. In a May 22 press statement, Malaysia’s SC said Huobi operated in the country illegally because it failed to register as a digital asset exchange […] The post Huobi ordered to cease operations by Malaysian regulators appeared first on CryptoSlate.

2023-5-22 10:48


Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our hash rate, reduced our cost to mine, and improved our balance sheet during the first […] The post Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1 appeared first on CryptoSlate.

2023-5-11 02:28


According to the CEO of Coinbase, cryptocurrency companies will expand their operations in “offshore” locations due to the lack of clear regulations in the US.

Coinbase CEO Brian Armstrong has called on the United States and the United Kingdom to clarify their regulations for the cryptocurrency industry to prevent offshore havens from developing. Armstrong made the remarks at a conference hosted by Innovate Finance, highlighting the importance of clear regulations for the industry.

2023-4-19 14:51


P2P Crypto Exchange Paxful Bites The Dust, Here’s More About It!

Paxful, a reputable P2P cryptocurrency exchange, has suspended its operations. The exchange was a prominent player in the market due to its high trading volume. The decision was announced by the company’s founder and CEO, Ray Youssef, who attributed the suspension to regulatory challenges in the industry and the departure of key personnel. Related Reading: Binance […]

2023-4-5 23:30