CompaniesBIO

DCG, Luno's parent company, has been grappling with the ongoing fallout from last year's plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket via Getty Images LONDON — The CEO of crypto currency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday. It comes as Luno's parent company, crypto -focused venture capital firm Digital Currency Group, continues to reel from turmoil in the crypto market. Luno also recently laid off 35% of its global workforce. related investing news Here are Morgan Stanley's favorite quality stocks to buy as bear market nears end Michelle Fox 18 hours ago Marcus Swanepoel, a South African former banker who founded Luno in 2013 with the aim of bringing crypto to the masses, will give up his CEO title after 10 years to become executive chairman, the company said in a press release Wednesday. James Lanigan, Luno's chief operating officer, w...

Kraken is one of the world's largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. The SEC alleged Kraken failed to register the offer and sale of Kraken's crypto staking -as-a-service program. related investing news Coinbase CEO Brian Armstrong is sounding the alarm on a potential 'staking' crackdown. Here's what it says about crypto Tanaya Macheel 43 minutes ago Many centralized exchanges like Kraken and Gemini offer customers the option to stake their tokens in order to earn yield on their digital assets that would otherise sit idle on the platform. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain...

Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance, the world's largest crypto exchange , will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. "We are temporarily suspend ing USD bank transfers as of February 8th," a Binance spokesperson told CNBC. "Affected customers are being notified directly." The company said "0.01% of our monthly active users leverage USD bank transfers ," and added that "we are working hard to restart service as soon as possible." Binance US, a unit of the company that's regulated by the Treasury Department's Financial Crimes Enforcement Network (FinCEN), said in a tweet that it's not impacted by the suspension. Thus, the move applies only to non-U.S. customers who transfer money to or from bank ...

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus found unusual trading patterns over the past five days as FTX was gating customer withdrawals. Most irregularities had to do with digital collectibles, known as NFTs. The patterns suggest "desperate" customers were turning to FTX users in the Bahamas for help, according to Argus. related investing news Art Cashin says markets will likely re-test the lows after Thursday's 'borderline miraculous' rally Jesse Pound a day ago Bitcoin will fall further, says fund manager — until this one catalyst kicks in Ganesh Rao 2 days ago The now-bankrupt global crypto currency exchange is only allowing withdrawals in the Bahamas after halting FTX liquidations everywhere els...