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US CPI inflation index cools down! Bitcoin breaks through $19,000 at one point, climbs to two-month high

Official data showed that the inflation in the United States had cooled down in December last year, which strengthened the market’s expectations for the Federal Reserve (Fed) to restrain the strength of interest rate hikes, and encouraged Bitcoin to break through 19,000 US dollars in the early morning of this (13th), hitting the highest level …

US CPI inflation index cools down! Bitcoin breaks through $19,000 at one point, climbs to two-month high Read More »

Coinbase laid off another 20% of its staff, why did the stock price rise instead of falling?

Faced with the threat of a bear market, cryptocurrency companies are laying off waves one after another. Even Coinbase, an American cryptocurrency exchange, said it would lay off 20% of its workforce. It also expects a loss of up to $500 million in 2022. Unexpectedly, the stock price did not fall but rose. It closed …

Coinbase laid off another 20% of its staff, why did the stock price rise instead of falling? Read More »

No matter the position is high or low, all employees are prohibited from speculating in coins! He Yi: Binance’s internal control is very strict

Since the collapse of FTX, many amazing inside stories have gradually surfaced. Sam Bankman-Friend (SBF) embezzled FTX customer assets privately, and then bought real estate with a lot of money, and the luxury life was also brought to the bottom. In response to the exaggerated behavior of former competitors, He Yi, the co-founder of Binance, …

No matter the position is high or low, all employees are prohibited from speculating in coins! He Yi: Binance’s internal control is very strict Read More »

Bitcoin broke through the $17,000 mark! The market waits for the release of CPI data, Powell’s speech

Bitcoin broke through the $17,000 mark decisively early this morning (9th), broke through the recent price range, and hit a three-week high. Prior to this, the United States released key economic data on Friday showing that the job market is still quite strong, and there is still some distance from a recession, which boosted people’s …

Bitcoin broke through the $17,000 mark! The market waits for the release of CPI data, Powell’s speech Read More »

Just denied downsizing! Justin Sun: Huobi plans to lay off 20% of its staff in Q1

According to a Reuters report, Justin Sun, who previously firmly denied that Huobi was downsizing, said today (6) that Huobi plans to lay off about 20% of its staff. Justin Sun, global consultant of Huobi, told Reuters that the “team structure adjustment” has not yet started, but it is expected to be completed in the …

Just denied downsizing! Justin Sun: Huobi plans to lay off 20% of its staff in Q1 Read More »

It will be online within this year at the earliest! Indonesia to launch ‘national’ cryptocurrency exchange

According to a report by Bloomberg, the Indonesian government intends to establish a cryptocurrency exchange this year before changing the authority over cryptocurrencies to the Financial Services Authority (FSA). At present, Indonesia’s cryptocurrency market is mainly regulated by the “Commodity Futures Trading Supervision Bureau (BAPPEBTI)”, which prohibits the public from using cryptocurrency as a payment …

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Accused of defrauding 100 billion won! Ex-Chairman of Bithumb Found Not Guilty at First Instance

South Korean business media “Hankyung” reported that the criminal court of the Seoul Central District Court in South Korea acquitted Lee Jung-hoon, the former chairman of Bithumb, in the first instance of the “suspected 100 billion won fraud lawsuit”. Earlier, South Korean prosecutors asked the court to sentence Bithumb’s actual owner, Lee Jung-hoon, to eight …

Accused of defrauding 100 billion won! Ex-Chairman of Bithumb Found Not Guilty at First Instance Read More »

Insist that “HUOBI is a fire in the bear market”! Justin Sun denies layoffs of 800 people

Faced with the threat of a wildfire-like bear market, cryptocurrency companies are laying off workers in waves. It has been widely rumored in the market earlier that the cryptocurrency exchange Huobi (formerly Huobi) also plans to drastically lay off 800 employees and cancel the year-end bonus for all employees. In response to the above news, …

Insist that “HUOBI is a fire in the bear market”! Justin Sun denies layoffs of 800 people Read More »

Bahamian Authorities: Seized $3.5 Billion in Digital Assets from FTX

The Securities Commission of the Bahamas (Securities Commission of the Bahamas) stated earlier today (30th) that authorities seized as much as $3.5 billion in digital assets from FTX. Authorities in the Bahamas ordered FTX to transfer assets held in cryptocurrency wallets to government-controlled wallets on Nov. 12, saying the urgent legal action was to protect …

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