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Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
$41 Million Crypto Investment Scheme Collapses in Australia
2024-04-12T09:35:52.231+02:00
The court-appointed receivers for the digital assets held by three companies operating the scheme.
The scheme offered a maximum fixed return of 16 percent.
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Retail FX
Exclusive: Crypto CFD Volume on Axi Jumps 60% in March, Nears $17 Billion
2024-04-11T15:42:23.252+02:00
Approximately 25 percent of its clients traded crypto CFDs between January and March.
Although it offers several crypto CFDs, 96 percent of the volume was generated from the BTC-USD pair.
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Thought Leaders
Cryptocurrency Payments: A Cheaper Alternative to Credit Card Transactions
2024-04-11T13:04:15.552+02:00
The rising legitimacy of cryptocurrency payment platforms can be revolutionary.
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CryptoCurrency
VARA’s CEO Proposes Cost-Sharing Model to Support Small Crypto Businesses
2024-04-11T12:40:13.561+02:00
As proposed, crypto giants could aid smaller entities by sharing compliance costs.
In November 2023, UAE regulators outlined fines for unlicensed virtual asset service providers.
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CryptoCurrency
Coinbase Adopts Apple Pay for Crypto Purchases amid Market Slowdown
2024-04-10T15:58:36.636+02:00
When using Apple Pay for transactions, card numbers are not stored on the device or Apple servers.
A unique device account number is encrypted and stored in a specialized chip for data protection.
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CryptoCurrency
Bybit Jumps on Board with Google Pay Integration for Easy Crypto Buys
2024-04-10T10:37:52.237+02:00
Users across 35 currencies can now acquire cryptos with just a single click.
Earlier, Google announced the discontinuation of Google Pay in the United States.
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CryptoCurrency
Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing
2024-04-08T11:06:45.957+02:00
The firm will expand services, beginning with spot trading for 21 digital assets.
HashKey is the first in Hong Kong to secure all licenses necessary for crypto retail trading.
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CryptoCurrency
Ripple's USD-Pegged Stablecoin Initiative Targets Rising Market Demand
2024-04-04T15:31:48.393+02:00
It will debut on XRPL and ETH blockchains, expanding to more platforms later.
The stablecoin market, valued at $150 billion, is projected to exceed $2.8 trillion by 2028.
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CryptoCurrency
Unclaimed Crypto Fortunes: 87% Are Unaware of Unrecoverable Assets
2024-04-03T14:40:25.705+02:00
Analyzing data from 8,000 families across 18 countries has revealed alarming trends in unclaimed crypto assets.
In 91% of fiat-to-crypto transitions, ownership continuity is disrupted, complicating asset management.
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CryptoCurrency
Turkish Court Imposes 11,196 Year Sentence on Former Thodex CEO
2024-04-03T13:32:43.904+02:00
Faruk Fatih Ozer's siblings have received lengthy prison terms for their involvement in the fraud.
Ozer faced 2,027 charges, one for each defrauded individual during Thodex's collapse.
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CryptoCurrency
Argentina Makes Registration of Crypto Exchanges Mandatory
2024-04-03T06:50:12.042+02:00
The new rules were accompanied by modifications to the existing AML and CFT laws.
Earlier, the country legalized cryptocurrencies for payments and settlements.
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CryptoCurrency
Crypto.com Unveils Tailored Trading Platform for Korean Market
2024-04-02T10:44:59.995+02:00
Discussions with local banks are underway for real-name account authentication partnerships.
Five won-based crypto exchanges in Korea are currently authorized by financial authorities.
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CryptoCurrency
A Change In 7 Years: Binance Forms a Seven-Member Board of Directors
2024-04-02T06:56:12.274+02:00
The Board is being chaired by Gabriel Abed, the former ambassador of Barbados to the UAE.
The Board includes other long-term Binance employees and its CEO.
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CryptoCurrency
Indonesia Implements Sandbox for Crypto Firms Ahead of OJK Oversight
2024-03-28T11:45:15.559+02:00
In January 2025, Indonesia will transfer crypto regulatory oversight from Bappebti to OJK.
With the regulatory changes, crypto assets may shift from commodities to financial instruments.
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CryptoCurrency
Novogratz’s Galaxy Digital Becomes Profitable in 2023 with a Push in Crypto Prices
2024-03-27T07:19:17.598+02:00
The company ended Q4 with a net income of $302 million and the year with $296 million.
Its AUM reached $10.1 billion at the end of February 2024.
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CryptoCurrency
KuCoin and Founders Face US Prosecution over Alleged AML Violations
2024-03-26T18:16:23.095+02:00
The firm served 30 million customers without KYC or AML programs until 2023.
The indictment has alleged that over $3.2 million in crypto was received from Tornado Cash.
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CryptoCurrency
LSE Opens Doors to Bitcoin and Ethereum ETN Applications
2024-03-25T19:49:12.246+02:00
The proposed commencement date for trading these Crypto ETN securities is May 28.
The Exchange's decision hinges on the FCA's approval of base prospectuses.
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CryptoCurrency
N26 Crypto Arrives: Broadening Investment Options for French Users
2024-03-22T15:40:32.231+02:00
Clients with French or German IBANs can access N26 Crypto across all membership tiers.
The firm has partnered with Bitpanda GmbH to create and introduce N26 Crypto.
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CryptoCurrency
Crypto in Business: Understanding the Potential Impact on Small Enterprises
2024-03-21T14:56:06.700+02:00
Small businesses can use cryptocurrency for payments, wallets, and accounting, but must beware of risks.
Cryptocurrency poses risks including market fluctuations, legal uncertainties, and fraudulent activities for small businesses.
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CryptoCurrency
Zodia Custody Secures TCSP License in Hong Kong for Digital Asset Custody
2024-03-18T15:34:48.967+02:00
The license enables catering to both local and international institutional clients' demands.
The firm pursued Asian market expansion with recent ventures in Japan and Singapore.
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CryptoCurrency
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
2024-03-15T12:49:25.642+02:00
MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
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CryptoCurrency
Nigeria Presses Binance amid Economic Turmoil and Detains Executives
2024-03-13T18:21:12.539+02:00
The authorities demand user data of the top 100 users and six months of transactions.
Binance faces intensified crackdown by authorities for alleged currency speculation.
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CryptoCurrency
Coinbase Challenges SEC in Court, Seeks Crypto-Specific Rules Again
2024-03-12T06:49:09.493+02:00
The crypto exchange accused the agency of breaking the law in denying crypto-specific rulemaking.
Earlier, the SEC said that the existing market rules apply to crypto.
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CryptoCurrency
US District Court Closes Case on Alleged Crypto Asset Trading Scheme
2024-03-11T17:57:16.576+02:00
The SEC alleged privileged information was shared by a former Coinbase manager.
Sameer Ramani has been ordered to pay $817,602 in disgorgement and a $1,635,204 civil penalty.
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CryptoCurrency
Do Kwon's Fate Sealed: Montenegrin Court Rules for South Korean Extradition
2024-03-07T19:44:31.759+02:00
The High Court ruled to extradite Kwon to the US following the appeals court's reversal.
Meanwhile, the US SEC sought summary judgment against Kwon and Terraform Labs.
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