Crypto Industry Update: Binance’s Closure, Prime Trust’s Bankruptcy, BitGo’s Funding, and PayPal’s Hub
It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulato ...
TradeBlock, Brokerage Subsidiary of Digital Currency Group, to Cease Operations
Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...
Bitlucky Cryptocurrency Investment Platform Closes Amidst Failed Deals and Investor Losses
Cryptocurrency investment platform Bitlucky from Croatia announced the closure of the business, explaining it by a number of failed deals. Investor losses are estimated at $75 million. After receiving numerous complaints, police launched an investigation into Bitlucky. ...
Hotbit Cryptocurrency Exchange Announces Closure, Urges Users to Withdraw Assets
Cryptocurrency exchange Hotbit announced its closure after five years of operation and asked users to withdraw their remaining assets by June 21. All operations on the exchange will cease today, May 22. The company explained that to a large extent the decision to close wa ...