Cryptocurrency exchange Dasset is in voluntary liquidation, trapping assets between NZ$3000 and NZ$40,000, leaving hundreds of users unable to access their funds. Dasset didn’t update about the liquidation and new accounts are still being created. Liquidators from audit firm Grant Thornton New Zealand are now securing and safeguarding Dasset’s assets.
Search Results for: Dasset
Unveiling the Complexity of Crypto: The Contrasting Fates of Bitcoin Depot and Dasset
“Bitcoin Depot, following NASDAQ listing, declared an 18% increase in Q2 revenue. Despite this, a net loss of $6.1 million was reported, a significant decrease from previous years. The spread of Bitcoin ATMs has shown negative growth, contrasting with Bitcoin Depot’s success, while crypto exchange, Dasset, faces liquidation after customers couldn’t access funds.”
When Crypto Exchanges Liquidate: The Case of New Zealand’s Dasset & the Urgency for Better Regulation
New Zealand’s crypto exchange, Dasset, has entered liquidation, locking customers out of their funds. This development raises questions about the security and regulation of the crypto industry. Despite the current turmoil, efforts towards greater global crypto integration continue, exemplified by Binance’s expansion into the New Zealand market.
Crypto ETF Boom: Riding the Wave of Innovation Amidst Regulatory Hurdles and Security Concerns
The future of crypto ETFs is looking promising with regulatory approval expected in the US, potentially accounting for 10% of Bitcoin’s market value in three years. However, concerns over regulatory challenges and security persist, emphasizing the need for maturity and resilience in crypto markets.