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Binance fined €3.3 million in Netherlands for unlicensed operations

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Binance has been fined €3.3 million by De Nederlandsche Bank (DNB) for providing unlicensed crypto providers to the nation residents.
The publish Binance fined €3.3 million in Netherlands for unlicensed operations appeared first on Cryptonomie…

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Cameron and Tyler Winklevoss’ Gemini has reportedly laid off extra workers greater than a month after reviews advised the cryptocurrency trade lower 10% of its staff.In a Monday report from TechCrunch, the information outlet stated {that a} supply near Gemini reported there have been 68 fewer staff on the corporate’s Slack channel, suggesting the crypto trade had lower roughly 7% of its greater than 1,000 workers. The unnamed supply claimed that Gemini was persevering with to put off staff as a part of “extreme cost cutting.”Crypto trade Gemini executes second spherical of layoffs lower than two months after axing 10% of workers https://t.co/2ocARTxsnh by @jacqmelinek— TechCrunch (@TechCrunch) July 18, 2022 The Winklevoss brothers’ Gemini Trust reportedly lower 10% of its staff amid the bear market in June as the value of many main cryptocurrencies fell by double digit percentages. However, on the time of publication, Bitcoin (BTC) and Ether (ETH) costs have risen by greater than 4% and 10% within the final 24 hours, respectively. Amid the crypto market volatility and different main exchanges together with Coinbase and Crypto.com saying comparable workers cuts in June, the Winklevoss brothers had been reportedly on tour with their band, Mars Junction:We are kicking off the @MarsJunction summer time tour in Asbury Park, New Jersey at @WonderBarAP tomorrow evening! Come rock with us. Get tickets right here: https://t.co/gWnnMc2f4u pic.twitter.com/XC6rPcrNkd— Cameron Winklevoss (@cameron) June 8, 2022 Related: The CFTC’s motion in opposition to Gemini is unhealthy information for Bitcoin ETFsThe United States Commodity Futures Trading Commission filed go well with in opposition to Gemini in June, alleging the trade made false or deceptive statements in 2017 throughout in-person conferences and in official paperwork. The statements had been a part of Gemini’s self-certification of a BTC futures contract, facilitating the CFTC’s willpower to see if the funding automobile could possibly be prone to manipulation.Cointelegraph reached out to Gemini, however didn’t obtain a response on the time of publication.

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Gemini cuts extra workers as many crypto costs enhance: Report

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