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THE PRESSURE ON CRYPTO BANK SILVERGATE CONTINUES TO MOUNT

February 03, 2023

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KRAKEN CLOSES ABU DHABI BRANCH, DELISTING DIRHAM (AED)

February 03, 2023
  Less than a year after receiving the required authorization for the region,
cryptocurrency exchange Kraken has closed its Abu Dhabi branch. According to a
February 2 Bloomberg article, Kraken is closing its office in Abu Dhabi and
firing eight staff members who were specifically in charge of the MENA region
(the Middle East and North Africa) from this location. Only in April 2022 did
the cryptocurrency exchange receive authorization to conduct business in the Abu
Dhabi International Financial Center and the Abu Dhabi Global Market. A
spokesman for Kraken confirmed the closure to Cointelegraph in a statement and
added that the dirham (AED), the national currency of the Arabs, will also be
delisted concurrently. After all, current users from the area should still have
access to the cryptocurrency trading platform, but they will only be able to
transact in foreign currencies. Director Benjamin Ampen will be withdrawn, but
some office personnel should stay in the area. The closure in the
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CEO OF CONTROVERSIAL CRYPTO EXCHANGE BITZLATO ARRESTED IN SPAIN

February 03, 2023
  According to Turkish news outlet Anadoluam, Spanish law enforcement officials
have detained the CEO, marketing director, and sales manager of Hong Kong-based
cryptocurrency exchange Bitzlato. Six people in total, including Russian and
Ukrainian nationals, were detained in this matter. The investigation also
involved the police departments of Cyprus, France, Portugal, and the United
States. The crypto exchange was one of the primary points of contact for
criminals looking to use cryptocurrencies as a form of money laundering,
according to the Spanish police, primarily because of the anonymity it provided.
18 million euros worth of assets, including digital currency, high-end vehicles,
cash, electronics, and other items, have already been seized during the
investigation. The platform blocked over 100 user accounts. The arrests happen
only two days after co-founder Anton Shkurenko stated in an interview that at
least 50% of Bitcoin. After the upcoming platform restart, the funds in Bitz
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BINANCE COIN (BNB) FORECAST FOR FEBRUARY 2023 – HOW HIGH CAN THE BNB PRICE GO?

February 03, 2023
  How has the price of BNB changed over the last few weeks? The BNB price has
recently started to move more bullishly. The cost increased from 244 US dollars
at the start of the year to 310 US dollars at the end of January. In January
alone, the course was able to increase by more than 25%. In comparison to many
other altcoins, this increase was significantly lower, though still very high.
During this time, even the price of Bitcoin was able to increase more quickly.
The price of BNB has been rising relatively steadily since the second week of
the year, despite the fact that increases were hardly possible in the first days
of the year. The price was once more able to climb above 330 US dollars in the
first few days of February. The climbs weren't as steep as those of others; what
caused them, and why? A strong bullish market trend played a major role in the
rise in the price of BNB in January. At the start of 2023, the price of Bitcoin
quickly increased. The market responded very f
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“FIRST EU-REGULATED EURO STABLECOIN” HITS THE CRYPTO MARKET

February 03, 2023
 According to a company -owned blog post from yesterday, February, Finnish
cryptocurrency company Membrane Finance has launched a fully euro-collateralized
stablecoin. 2. The company claims that their new "EUROe" is the "first and only
EU regulated stablecoin" and has received an official license from the Finnish
Financial Markets Authority Fin-FSA. The well-known American cryptocurrency
company Circle introduced its own euro stablecoin in June, but the so-called
"Euro Coin" (EUROC) was actually held by Silvergate Bank and thus subject to US
regulation. There is "at least one euro [" covering each currency unit of the
EUROe. ] held here by Membrane Finance and deposited with a European financial
institution or bank.". The business also thinks that the new stablecoin will
make "near-instant payments" possible at a low cost, giving it a distinct
advantage over the expensive and slow payments found in the conventional
financial system
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THIS ISLAND NATION WANTS TO BECOME “CRYPTO CAPITAL”.

February 03, 2023
  the " crypto capital" of the Caribbean, according to MP Rolando Brison. He
started the month off with a legislative initiative to accomplish this. The
Tron-based cryptocurrency may be accepted as payment in the island nation of St.
Maarten, according to the SMN-N local news source. Justin Sun, the founder of
Tron, also spoke out after learning about the initiatives on the island in the
Caribbean. Sun stated that the effort "marks another success for our push
[toward] global blockchain adoption.". Prior to that, St. Dominica, a country in
the Caribbean, has already accepted cryptocurrencies as legal tender. My Top
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CORE SCIENTIFIC PAYS OFF $38 MILLION OF OUTSTANDING DEBT WITH 27,000 MINING RIGS

February 03, 2023
  In an agreement with New York Digital Investment Group (NYDIG), the mining
company Core Scientific has agreed that the latter will forgive the miner's
$38.6 million in unpaid debt in exchange for the miner paying the investment
company 27,000 mining rigs that were given as payment. In a recent court
document, Core claims that the disputed mining rigs are no longer required for
its own business. The Texas bankruptcy court that is in charge of approving the
deal is therefore the one that both parties are currently awaiting permission
from. Even though the mining company anticipates that the decision will
significantly hurt its sales, at least in the short term, Core Scientific
cautions that the advantages of paying off the debt "outweigh the immediate
loss. Accordingly, the miner is convinced that the agreement is a crucial step
toward ensuring the success and sustainability of their own company. According
to the company, the operation will be changed to a "smaller but mo
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