Gopax investors could face $471M loss if Binance acquisition fails
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
DCG is shutting down HQ Digital after less than a year of operation.
Singh is the latest of Sam Bankman-Fried's associates to come under investigation.
Crypto companies have implemented layoffs to cut costs and reduce their growth plans following a severe market decline.
The exchange pointed at the declining trading activity on Huobi as the reason for this decision.
In addition to reforming crypto regulation, Indonesia is also introducing a Central Bank Digital Currency (CBDC), alongside a national cryptocurrency exchange.
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.