Tag Archives: Exchange News

It looks like Brian Armstrong of Coinbase fame was right to be as concerned as he was about the SEC and other organizations targeting crypto staking. In the latest headlines, the Securities and Exchange Commission has gone after Coinbase’s competitor Kraken. The exchange has agreed to shut down all its staking services as part of a settlement agreement and pay up to $30 million in fees. SEC Goes After Kraken In a complaint against the Northern California-based trading...

Not that long ago, Live Bitcoin News published an article talking about how the brother of a former Coinbase employee was found guilty of insider trading in what was arguably the first-ever insider trading case surrounding crypto. Now, it looks like the actual employee – who orchestrated the scheme – has pleaded guilty to charges similar with those presented to his sibling, and he’s set to be sentenced in roughly two months. Former Coinbase Employee to Be Sentenced in...

Dublin-based crypto exchange OKX has hinted that it’s potentially looking into laying off roughly one percent of its staff as a means of saving money and helping itself during this time of recovery after the 2022 crypto winter. Is OKX the Next Crypto Firm Looking to Let Employees Go? Right now, the company is putting all employees through a consultation period. The goal is to see what resources can be reallocated and to see which members of the present headcount are no...

Brian Armstrong – the man in charge of Coinbase, arguably the biggest and most popular digital currency exchange in the United States – has warned that the Securities and Exchange Commission (SEC) is likely to crack down on a process called staking, which could wind up hurting tokens such as ETH. Coinbase Says No Staking Could Be Devastating In a recent statement, Armstrong said that should the SEC decide against the practice of staking for retail investors, this could...

Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried Must Follow Strict Communication Rules A letter from defense lawyer Mark Cohen details how Sam Bankman-Fried can and can’t communicate with others as he awaits his October trial at his parents’ home. Granted the judge gives the final seal of approval on the communication...

2022 was a rough year for crypto filled to the brim with failing prices and fraudulent companies. All in all, however, Michael Saylor – the previous head of MicroStrategy – feels everything that’s happened ultimately pushed the space forward in many ways. Michael Saylor on FTX: It Helped Crypto One of the big things that Saylor brought up was the collapse of FTX, which occurred in November of 2022. After several years of being the golden child of the industry and...

Problems continue for major digital currency exchange Kraken. After forfeiting its position in Japan, closing its offices there, and letting all employees go in that division, the company has now had to do the same for its Abu Dhabi (located in the United Arab Emirates or UAE) location. Kraken Will No Longer Be in the UAE A spokesperson for Kraken has released the following statement: Kraken regularly reviews its business lines to ensure we’re employing resources...

Avraham Eisenberg – a man from Puerto Rico – is set to face charges in a New York City courtroom after allegedly invoking a crypto fraud scheme that cost investors more than $110 million. Avraham Eisenberg Faces 40 Years in Jail The scam in question is known as Mango Markets, and it’s believed Eisenberg manipulated the prices of various assets and futures contracts to give customers and traders the idea that their portfolios were spiking. At the time of writing,...

U.S.-based crypto exchange Bittrex has become the latest digital asset firm to join the ranks of those having to let go of employees. Bittrex Is Forced to Part with Employees Not long ago, the popular trading outlet announced that it would be laying off approximately 83 separate individuals. Right now, the company employs about 284 people, meaning the company is slated to lose just shy of one-third of its overall employment staff. Bittrex is not letting its employees...

FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and Voyager Are Now at Odds Voyager Digital filed for bankruptcy back in the summer of 2022. The company collected (allegedly) nearly $250 million from the former digital exchange in September, plus an additional $194 million about a month later. FTX also made interest payments...