Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
After weeks of plummeting cryptocurrency prices, Coinbase said on Tuesday that it was cutting 18 percent of its employees, after layoffs at other crypto companies like Gemini, BlockFi and Crypto.com. High-profile start-ups like Terraform Labs have imploded, wiping away years of investments.
Now, a top U.S. regulator has said the bitcoin and crypto market could be headed for a price boom if a comprehensive regulatory framework is put in place— potentially paving the way for institutional investors and doubling the bitcoin market capitalization to around $700 billion.
On Tuesday, the company said that it was laying off 18 percent of its workers. Gabby Jones for The New York Times SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania. Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated.
Gemini, the crypto exchange led by the billionaires Tyler and Cameron Winklevoss, also announced this month that it was laying off 10 percent of its work force. In a memo to staff, the Winklevoss twins said the industry had entered a “crypto winter.” Tyler, left, and Cameron Winklevoss speaking at the Bitcoin Festival in Miami last June.
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