Tag: Shuts

Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests

Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted […]

Indian Supreme Court Takes Too Long on Crypto Case – Exchange Shuts Down

Indian Supreme Court Takes Too Long on Crypto Case – Exchange Shuts Down The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other […]

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Big Banks Money Laundering: UBS Fined .2 Billion, Danske Shuts Down in 4 Countries Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$ 4.2 billion) for money laundering. Amid a $ 226 billion scandal, […]

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

U.K. Cryptocurrency Exchange Cubits Shuts Down After M Scam Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $ 32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with […]

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched, and explore the strangely centralized world of crypto Twitter. First though, we’ll start with the news that a third party app […]

Bitmain Shuts Down Research and Development Center in Israel

Bitmain Shuts Down Research and Development Center in Israel The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel. Also Read: Former Israeli Prime Minister Calls Cryptocurrencies […]