crypto
Payments Infrastructure Provider Banxa Joins FCA's Roster
- The firm offers fiat-processing services to cryptocurrency exchanges like Binance and OKX.
- Unregistered firms have reassessed operations, resulting in service withdrawals for specific clientele.
Tuesday, 13/02/2024 | 13:35 GMT by
Tareq Sikder
FSC Implements New Legislation for Crypto Market in South Korea
- New act imposes severe penalties: prison terms over one year, fines 3-5 times of illegal profits.
- Individuals who accumulate over $3.8 million from illicit crypto schemes could face life sentences.
Wednesday, 07/02/2024 | 10:33 GMT by
Tareq Sikder
SIX Launches New Crypto Reference Rates and Real-Time Indices for Institutional Investors
- The new indices target AsiaNext's crypto derivatives trading platform and institutional investors globally.
- The indices cover major cryptocurrencies like Bitcoin and Ethereum.
Thursday, 01/02/2024 | 07:00 GMT by
Jared Kirui
Crypto and NFTs Are "Male Dominated Industry": Strategies for Effective Marketing
- Watch the “Beyond Traditional: Crypto Sponsorships & NFT Integration” discussion panel.
- Experts at FMLS:23 explored the evolving role of crypto and NFTs in brand marketing.
Wednesday, 31/01/2024 | 09:49 GMT by
Damian Chmiel
Bridging TradFi and Crypto: “Compliance and Regulations Concerns for Large Institutions”
- The FMLS:23 panelists of “Bridging TradFi and Crypto” expressed concern over US regulations and praised frameworks in Europe and Asia.
- They delved into DeFi's impact on traditional finance and regulators.
Tuesday, 30/01/2024 | 17:25 GMT by
Tareq Sikder
Hidden Road and Finery Markets Collaborate to Introduce Advanced OTC Liquidity Pool
- Institutions adopt FM Liquidity Match for OTC access and quality execution in crypto spot transactions.
- Hidden Road serves as a prime broker, managing credit intermediation and post-trade settlement.
Thursday, 25/01/2024 | 14:04 GMT by
Tareq Sikder
Binance Founder's Travel Plea Denied despite $4.5 Billion Security Offer
- The lawyers formally requested permission for him to travel to Abu Dhabi on January 4.
- The judge, citing his immense wealth and ties to the UAE, deemed him a significant flight risk.
Thursday, 25/01/2024 | 09:40 GMT by
Tareq Sikder
Nexo AG Files $3 Billion Arbitration Claim against Bulgaria
- The firm claimed a deal with a major European football club was halted just days before signing.
- Collaboration with investment banks for a funding round and an IPO, valued between $8- $12 billion, was interrupted.
Wednesday, 24/01/2024 | 11:25 GMT by
Tareq Sikder
Abra Settles with Texas Regulator, Will Open Withdrawals for 12,000 Customers
- According to the regulator, the company currently holds about $13.6 million in crypto assets of its customers.
- Abra will have 30 days to complete the other stipulations under the settlement agreement.
Tuesday, 23/01/2024 | 07:07 GMT by
Arnab Shome
Cryptocurrency's Impact on Traditional Banking
- Crypto has had a profound impact on traditional banking by challenging the status quo.
Monday, 22/01/2024 | 11:29 GMT by
FM
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