All the lowdown on the FUD around FTM, YFI after Cronje's exit

In the crypto industry, where personalities reign supreme, hirings and firings are a huge deal. As of press time, several crypto and DeFi communities were dealt a shocking blow when two major players The post All the lowdown on the FUD around FTM, YFI after Cronje's exit appeared first on AMBCrypto.

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Exit or HODL? Ace crypto traders have some money making tips for you

Russia is waging war against Ukraine and economists worldwide are trying to keep their heads above the water. As the crypto market reacts to these political ruptures, a new investor might be wonderingThe post Exit or HODL? Ace crypto traders have some money making tips for you appeared first on AMBCrypto.

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Market highlights February 8: Crypto markets higher, Facebook eyes Europe exit

The crypto markets were higher this morning, with the majority of top 10 cryptos… The post Market highlights February 8: Crypto markets higher, Facebook eyes Europe exit appeared first on Coin Journal.

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Facebook’s Crypto Project Diem Collapses, Sold After Political, Regulatory Firestorm

Rumors circulated last week that Facebook’s parent company and its partners are looking to exit its troubled cryptocurrency project. Well, it turns out the grapevines were correct. Mark Zuckberberg’s cryptocurrency Diem will not see the light of day.

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Binance to finalize acquisition of Swipe, paving for CEO exit

The exchange acquired a majority stake in Swipe in July 2020 as part of a broader effort to advance mainstream adoption of crypto payments.

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Justin Sun Stepping Down from Tron (TRX) Leadership To Be A Diplomat For Grenada

Tron founder Justin Sun has announced his exit from the project to focus on crypto legitimization in Latin American countries starting with Grenada, where he will be the government's ambassador to the World Trade Organization (WTO).

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Will Twitter Prioritize Ethereum Over Bitcoin Following Jack Dorsey’s Exit? Proponents Weigh In

Jack Dorsey leaving his role as CEO of Twitter has sparked speculation on the future. One observer, Adam Cochran, thinks Twitter could become more focused on Web 3 and Ethereum.   Twitter has so far contributed greatly towards crypto adoption.

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Jack Dorsey’s Twitter exit sparks speculation of full-time Bitcoin role

Twitter co-founder Jack Dorsey announced on Monday that he’s resigning his position at the company, sparking rumors of moving into a dedicated crypto role. The post Jack Dorsey’s Twitter exit sparks speculation of full-time Bitcoin role appeared first on CryptoSlate.

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Citing Squid Games Token, Binance CEO CZ Shares Tips On Avoiding DeFi Exit Scams

They say “If you want to steal money, don’t rob a bank, open one,” and this has been an increasingly popular stunt recently pulled by crypto scammers as the crypto and DeFi ecosystems continue to bloom.

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Huobi approved to deal crypto derivatives in Japan

Weeks after announcing its exit from the Chinese market, Huobi has confirmed it is…

The post Huobi approved to deal crypto derivatives in Japan appeared first on Coin Journal.

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BIT Mining’s Subsidiary BTC.com to Exit Mainland China

The leading tech-driven crypto mining company plans its exit from mainland Chinese markets amidst recent crackdowns. The post BIT Mining’s Subsidiary BTC.com to Exit Mainland China appeared first on BeInCrypto.

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Stripe Might Be Getting Back Into Cryptocurrencies After Dropping Bitcoin

Stripe is looking to reenter the cryptocurrency space following the announcement of the setting up of a crypto team. The company made its exit from the scene in 2018 after it ended support for bitcoin as a means of payment.

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No Hope For Crypto In China As Giant Cryptocurrency Players Exit Region

China’s largest crypto exchange Huobi reveals there’s no hope as it called quits long before the ban It appears that business had become unbearable to continue for China’s leading cryptocurrency exchange as it has been revealed that they had already made a decision to quit the country even before the latest leg of intensified crypto-industry […]

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Crypto Platforms Start Pulling Out Of China Following The Ban

One by one crypto exchanges and other related platforms are starting to announce exit plans from the Chinese market following the nation’s ban. Crypto Platforms Like Biki, Feixiaohao, And BitMart Pull Out Of China Following The Nation’s Ban A few days back, China announced a ban on all crypto-related transactions in the country. As a […]

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Solana Based DeFi Protocol, Luna Yield, Goes Dark as Customers Fear An Exit Scam: Report

While the market appears to be rallying once more, this month hasn’t been all sunshine and rainbows for crypto platforms. In what is growing to be an alarming trend, it appears that a rug pull might have duped some crypto investors.

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Crypto exchanges continue to fail as hacks and exit scams bite

Centralized crypto exchanges are harder to run than they look. This feature looks at notable exchange failures of the last decade and the escalating ecosystem damage caused by hackers and crooked founders.

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Crypto exit scams on the rise

2021 has so far been one of the worst years on record for crypto-related scams and criminality. Two recent failures of crypto businesses in Turkey and South Africa are just the latest in a long history of founders running off with the cash - and they definitely won’t be the last.

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Fundstrat’s Tom Lee On Why Bitcoin Can Exit The Year Over $100k Despite Being In The “Penalty Box”

It has been a bloody period for Bitcoin after the crypto started experienced some market troubles after reaching a new all-time high above $65k. The decision of Tesla to suspend bitcoin payments and the company’s CEO Elon Musk tweeting against Bitcoin’s power consumption while supporting Dogecoin have added to the pressure. As a result, BTC’s […]

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Where did the Thodex Crypto Exchange Bitcoins Go?

The recent exit scam pulled by the Turkish crypto exchange Thodex has become one of the most notorious crypto scams in history. The post Where did the Thodex Crypto Exchange Bitcoins Go? appeared first on BeInCrypto.

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This venture capitalist’s $2.5 million investment in Coinbase turned into $4.6 billion

Eight years ago, Fred Wilson, a co-founder of New York-based venture capital firm Union Square Ventures, invested $2. 5 million in then-unknown crypto exchange Coinbase—and that recently became the company’s most profitable exit, Bloomberg pointed out yesterday.

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Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds.

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Police Arrest 83 People Regarding Recent Loud Crypto Exit Scam: Details

The police have detained another six suspects related to the recent crypto exit scam covered widely by the media, with 83 arrested overall

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Turkey considers crypto regulation following the collapse of two exchanges

Turkish authorities are planning to start regulating the cryptocurrency space in the country after two local crypto exchanges allegedly conducted an “exit scam” within a week, as per a report on business news outlet Bloomberg yesterday.

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Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused […]

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62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’

Turkish police have detained 62 people across eight provinces in connection to an ongoing investigation into local crypto exchange Thodex going dark, news agency Associated Press reported today. The post 62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’ appeared first on CryptoSlate.

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Turkish police detain 62 over alleged $2B Thodex crypto exchange fraud

After major Turkish crypto exchange Thodex abruptly halted trading amid fears of a possible exit scam, police have already detained 62 people across eight provinces and issued detention warrants for 16 more.

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India may give crypto holders an “exit window” in case of Bitcoin ban

India’s officials are currently discussing the possibility of providing an “exit window” that would allow crypto holders to get rid of their assets ahead of the potential ban on all “private” digital currencies, The Indian Express reported today.

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XRP Posts Wild “Pump and Dump” as Retail Buyers Give Whales an Exit

The Wall Street Bets phenomenon recent took a grasp of the crypto market, with an army of retail investors first targeting Dogecoin before setting their sights on XRP XRP saw some slow momentum at first, but rumors regarding a “pump and dump” Telegram chat looking to rocket its price quickly circulated This led many traders […]

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Privacy-Focused Messenger, Signal, is Testing Crypto Payments Using A Stellar-based Project

As Whatsapp users exit the platform and move en masse into other apps, Signal is hoping to engage and keep them with new features, including cryptocurrency payments. The post Privacy-Focused Messenger, Signal, is Testing Crypto Payments Using A Stellar-based Project first appeared on BitcoinExchangeGuide.

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Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft.

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January on Pace to Break More Crypto Records

The year 2020 certainly wasn’t a bad year for crypto. Traders had wonderful entry points in March, and almost as appetizing exit points in December, as Bitcoin swung from $4,000 to $40,000. But January 2021 might fulfill the dreams of cryptolovers by breaking more new records.

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US Banking Regulator Gets Ready for DeFi, But the Roller Coaster Continues with Acting OCC Facing Exit

The crypto community is excited and bullish on the forward-thinking leadership from the OCC. But it will take time to really come into action. The post US Banking Regulator Gets Ready for DeFi, But the Roller Coaster Continues with Acting OCC Facing Exit first appeared on BitcoinExchangeGuide.

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Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam

Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdraw their funds, suspecting the exchange of pulling an exit scam.

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Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K

Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.

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Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes.

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Ripple Reconsidering US Exit, Plans to Monitor Regulations Under Biden Admin

Ripple says it is keeping its powder dry regarding reports of the company’s plan to exit the US amid unfavorable regulations. The blockchain firm and majority holder of the XRP cryptocurrency continues to be at the center of legal disputes about whether its distribution of the crypto constitutes the sale of unlicensed securities.

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Dutch Central Bank Mandates ‘Proof of Wallet’ for All Crypto Exchange Customers

The Dutch Central Bank (DNB) is demanding additional verification protocols for crypto exchange users including proof of wallets. Stringent crypto regulatory measures in the country have seen some platforms exit the country.

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SEC Chairman Jay Clayton to Step Down By Years End; Will Crypto Regulations Ease?

Jay Clayton is set to step down as the U. S. Securities and Exchange Commission (SEC) chairman by the end of this year. Clayton, who has been at the agency's helm since May 2017, stated he would be departing six months from his scheduled exit.

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Coinbase’s Global Marketing Head Latest to Join Mass Exit

Global Marketing Head John Russ is the latest in a string of departures from the crypto exchange over recent weeks.

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Crypto Exchange Coinbase Is ‘OK being Political’ About One Particular Area

San Francisco-based cryptocurrency exchange Coinbase is losing about 5%, about 60 of its employees following its mandate barring political activism at work. Chief executive officer Brian Armstrong shared this on Thursday in a blog post where he said these employees had accepted an exit package offered to employees who are bothered by the policy.

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60 Coinbase employees take exit package over 'apolitical' stance 

Leading crypto exchange, Coinbase had told its employees that they could accept the “exit package” and leave the company if they were uncomfortable with Coinbase’s "apolitical" stand. Chief ExecThe post 60 Coinbase employees take exit package over 'apolitical' stance  appeared first on AMBCrypto.

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Coinbase Proposes Severance Package for Employees Not Aligned With ‘Apolitical’ Culture

Coinbase, the San Francisco domiciled crypto exchange, has offered a severance exit package to its employees who are not comfortable with the firm’s new ‘apolitical culture’ as signaled by its CEO Brian Armstrong over the weekend.

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‘Large-Scale’ Crypto Exit Scams Detected in Estonia’s E-Residency Program

Estonia had granted foreigners remote access to its digital infrastructure through its e-residency program, which is now linked to cryptocurrency frauds abroad. Amidst Europe working on improving its anti-money laundering rules, with EU banking watchdog calling for a single set of regulations after going through several related scandals, companies headed by Estonian e-residents have been […] The post 'Large-Scale' Crypto Exit Scams Detected in Estonia’s E-Residency Program first appeared on BitcoinExchangeGuide.

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Indian Crypto Exchange, Pluto, Pulls An Exit Scam on Investors; Making Off With $270K

A Delhi-based crypto exchange, Pluto, has allegedly exit scammed and stolen about $270,000 worth from 43 investors. The local reports suggested that the Economic Offence Wing of the Delhi Police has launched an investigation into the alleged scam after complaints from the investors.

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Binance US Opens Crypto Trading Services in Alabama; 11 More States To Go

Binance U. S has expanded its services to the state of Alabama, which was among the 13 states left out when the exchange made a comeback to the U. S market in late 2019. Before this, Binance had taken a complete exit out of this burgeoning market due to regulatory uncertainties.

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Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market

The exit deprives Venezuela's crypto scene of its second-largest P2P exchange.

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Gold Fractal Predicts the Ethereum-Based LEND Could Double in Months Ahead

Like other crypto assets, LEND underwent a strong correction last week. The cryptocurrency came under pressure due to Bitcoin and Ethereum diving lower as the legacy market slipped. LEND also suffered from a short-term collapse in DeFi, caused by the exit of Chef Nomi from SushiSwap.

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Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO

After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX.

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SushiSwap Founder Sells Dev Shares, Coin Plummets 50 Percent

Crypto investors who have warned about a bubble forming in DeFi are having their ‘I told you so’ moment. Food-themed coin SushiSwap is the one on the chopping block. In what has been accused of being an exit scam, Chef Nomi, the anonymous founder of SushiSwap, has sold $8 million worth of SUSHI, causing the […] The post SushiSwap Founder Sells Dev Shares, Coin Plummets 50 Percent appeared first on BeInCrypto.

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