Huobi, Gate.io, Crypto.com see spikes in flow to FTX

The full consequences of the FTX fallout are still unknown. As FTX, its U.S. subsidiary, and Alameda Research all filed for bankruptcy protection, it could be months before the public gets to see what happened in Sam Bankman-Fried’s crumbled trading empire. Until that happens, what we’re left with is on-chain data that can point us…

Several crypto exchanges reportedly block Russian users because of EU sanctions

Several crypto platforms like Blockchain.com, Crypto.com, and LocalBitcoins have reportedly banned Russian users from using their services, citing the new European Union sanctions. Media reports said that Blockchain.com gave its Russian users until Oct. 27 to withdraw all of their funds, after which their accounts would be blocked. The crypto company said that its decision…

UK regulator says FTX has no authorization to operate in the country

The U.K. Financial Conduct Authority (FCA) said FTX operates within the country without authorization, the Financial Times reported on Sept 19. According to the FCA, those using FTX “will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money…

Crypto.com secures regulatory approval to set up shop in Singapore

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency platform Crypto.com has received in-principle approval from Singapore’s main market regulator for its Major Payment Institution License. Granted by the Monetary Authority of Singapore (MAS), the license enables companies to offer a range of payment services within the Payment Services…

Crypto companies pull out of sponsorship deals amid market downturn

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! New York Post reveals that cryptocurrency companies are cutting costs by pulling out of sponsorship and marketing deals as the crypto market crashed to its lowest in almost two years. FTX pulls out of sports deal Leading crypto exchange FTX, one…

Binance CEO says firm is ‘expanding hiring’ despite market crash

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Binance CEO Changpeng Zhao (CZ) has said that the bear market is a great time for crypto companies to hire more people and increase investments, Bloomberg News reported June 13. He said this during the Consensus conference in Austin, Texas. When asked about…

Crypto.com becomes the official sponsor of the FIFA World Cup in Qatar

FIFA has announced that Crypto.com will be an official sponsor of the FIFA World Cup Qatar 2022™. The hugely popular crypto platform is looking to tap into the huge viewership of the World Cup after establishing numerous high-profile partnerships in basketball, MMA, motorsport, and ice hockey. Crypto.com conquers yet another major sports market Crypto.com entered…

Crypto.com taps Hollywood actor Matt Damon to attract new users

Hollywood actor Matt Damon will join crypto services firm Crypto.com as a brand ambassador as the crypto exchange seeks to popularize its services among mainstream audiences in the US and beyond.  “We’re hoping this is the beginning of a great long-term collaboration.” Matt Damon becomes the latest celebrity crypto backer https://t.co/NDUAQhs93e pic.twitter.com/oMrzef5Saw — Bloomberg Crypto…