Chinese payment giants Alipay and WeChat Pay reportedly requested Huobi to remove their services from its OTC trading desk. Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and […]
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Ukrainian crypto exchange Liqui has reported it is shutting down operations, citing lack of liquidity. Ukraine–based crypto exchange Liqui is shutting down its services, citing a lack of liquidity, Cointelegraph Japan reports today, Jan. 28. Liqui said it decided to close all accounts and stop providing services because it currently does “not see any economic […]
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Recap of this year’s World Economic Forum (WEF) Annual Meeting. This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25. Similar to the last year, cryptocurrencies were one of the major […]
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Despite the “crypto winter,” the number of crypto firms in Switzerland and Liechtenstein has continued to grow, per a recent report. The number of blockchain-related firms in Switzerland and Liechtenstein has continued to rise according to a survey conducted by Switzerland-based crypto investment firm CV VC, Cointelegraph auf Deutsch reports on Jan. 24. Per […]
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Novogratz’s Galaxy Digital is planning to launch a funding round for crypto lending in March, according to an unconfirmed report. Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. […]
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CEO Charles Li Xiaojia warned journalists at the World Economic Forum that companies should not flit between business cases prior to listing. The head of the Hong Kong Stock Exchange (HKEX) has addressed queries about initial public offering (IPO) listings amid confusion over Bitcoin mining giant Bitmain’s application. English-language newspaper South China Morning Post (SCMP) […]
Continue ReadingChip manufacturing giant Taiwan Semiconductor Manufacturing reported a sizeable drop in its crypto mining-related revenue in 2018. Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript. […]
Continue ReadingFormer top-five crypto mining firm Giga Watt has reportedly closed access and power to its facilities and shut down day-to day operations. Major crypto mining and blockchain firm Giga Watt has reportedly closed access and power to its facilities and stopped day-to-day operations, according to a note to clients reposted in a Telegram group on […]
Continue ReadingAccording to a recent report by Diar, 2018 saw a significant increase in trade volumes on crypto exchanges. Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14. In its report, Diar notes that both the number of trades and the trade volume have increased […]
Continue ReadingIt remains unknown how many employees are affected by the latest closure in Amsterdam, which Bitmain has officially confirmed. Cryptocurrency mining giant Bitmain Technologies has opted to reduce its operations in the Netherlands, the company said in a statement on Jan. 14. Bitmain, which in November announced the first in what has become a series […]
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