The company said Wednesday that the move was a "difficult decision" but was a part of a larger operational review that resulted in the shutdown of its operations in the region.
Since late last year, Genesis showed signs that it was struggling to stave off the negative impacts of the prolonged crypto winter that sent most crypto prices to their new lows.
"Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," Tesla said in May.
A top official with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday plans to warn lawmakers against allowing cryptocurrency exchanges to self-certify with the agency to list products for trading.
The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates in Europe.
The data leak exposed 650 personal crypto miners' data, including their emails, according to a report.
The Shiba Inu team described Shibarium as a powerful layer-2 blockchain and a "transitional evolution" to the current ecosystem.
DCG explained in a letter that the latest move was made to reduce operating expenses and preserve liquidity to stave off the impact of current market conditions.
The class action lawsuit came on the heels of Coinbase's announcement that it will reduce its global workforce by 20%.
The Shib Army has a lot to celebrate and look forward to this year, especially since Shibarium, the layer-2 scalability solution, is officially releasing this year.
The cryptocurrency market regained the $1 trillion capitalization at the start of the week despite worrying signs of the market bottoming.
"There's definitely more to Solana than FTX," the Solana co-founder said In November.
Russia is reportedly trying to clear platforms for cross-border settlements using gold-backed stablecoins.
"During fall the tree may have only a few leaves, but then spring appears. Luckily, Shibarium, in this context, is a Pine Tree," Kusama said.
Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.
The Bugatti Group congratulated the Shiba Inu community because the NFT project sold out in just 110 seconds after it was officially rolled out.
According to the influencer, "every account connected" to them, "both personally and professionally was hacked and used to hurt others"
"Coffeezilla is not a criminal, I called him. I apologized. My initial response to his series was that of fire, ego, and pride," Paul said in a recent video.
It may be recalled that FTX bought a 30% stake in Skybridge in September, months before it filed for bankruptcy on Nov. 11.
By 2024, the Bank of Thailand will issue three different licenses for interested companies, with "at least 10 parties interested in granting permissions," Assistant Governor Tharith Panpiemras said.
The team said the "phased release is not a matter of when but a matter of developing Shibarium correctly, and introducing it responsibly."
Regulators are worried that if an event like TerraUSD's collapse occurs again, the U.S. economy will feel the tremors.
SEC Chair Gary Gensler noted in a press release that "Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors."
"I remain as confident as ever in our business and in the future of crypto, but I recognize we have a lot of work to do to help restore trust in the industry. It will take time, but we will get it done," Crypto.com CEO Kris Marszalek said.
The Shib Army appeared to be having a good start to the year as the value of the altcoin traded in green over the past weeks after last month's bloody trading.
Saying the public interest "cannot be overstated," lawyers for the outlets, including Reuters, said the public's right to know Bankman-Fried's guarantors outweighed their privacy and safety rights.
The U.S. Securities and Exchange Commission (SEC) on Thursday said it has charged Genesis Global Capital LLC and Gemini Trust Company LLC with illegally selling securities to hundreds of thousands of investors through their crypto lending program.
The father of FTX founder Sam Bankman-Fried has retained a New York attorney in recent weeks, a source familiar with the matter told Reuters, as prosecutors probe Bankman-Fried's alleged cryptocurrency fraud scheme.
Some disappointed fans even likened the collection to the final season of "Game of Thrones."
"I wanted to help my parents, but instead I put them through great suffering," Wahi said during the sentencing, adding, "I'm very sorry for what I did."
