Tag results for: Business
SEC Hits Kraken With $30 Million Fine, Orders Crypto Exchange to Halt Staking in US
San Francisco-based crypto exchange Kraken has agreed to pay the SEC $30 million and halt its staking service for U.S. clients, the SEC announced today.
Celsius Faces ‘Looming Liquidity Cliff in June’, Says Creditors Committee
Concerns around yet another extension to Celsius’ bankruptcy timeline stem from how costly its administrative expenses have been thus far.
Tether Reports $700M in Profits Despite ‘Tumultuous End to 2022’: CTO
Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.
Tron Launches $100M AI Development Fund
The AI development fund will encourage the creation of applications on Tron using tools such as OpenAI’s ChatGPT.
LocalBitcoins to Shut Down After 10 Years of Operation
Citing the “ongoing very cold crypto-winter,” the P2P exchange LocalBitcoins announced it will discontinue services beginning today.
Crypto ATM Provider Coin Cloud Files for Chapter 11 Bankruptcy
Coin Cloud’s bankruptcy filing comes as the once booming crypto ATM industry has found its growth significantly slowed.
