Today in Crypto: Coinbase Halts Japan Operations, Digital Currency Group is Suspending Quarterly Dividends, Amber Group is Slashing Costs and Jobs
Source: AdobeStock / ra2 studio Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Coinbase said it is ending its operations in Japan. Per an announcement, “due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country.” Customers will have until February 16 to withdraw their fiat and crypto holdings. Investment news Digital Currency Group , the parent of the troubled crypto company Genesis Global , said it is suspending quarterly dividends to preserve cash, Bloomberg reported. The move comes as the group focuses on “strengthening our balance sheet by reducing operating expenses and preserving liquidity,” it said, citing a January 17 letter to shareholders. In order to survive crypto winter, crypto trading fi...