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Cryptocurrency
Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering
2024-04-25T10:31:26.534+02:00
Samurai Wallet founders allegedly conspired to launder over $100 million.
The wallet's website has been seized, and a seizure warrant has been issued for its mobile application.
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Payments
Strike's Expansion into Europe Accelerates Bitcoin Adoption
2024-04-24T15:42:55.274+02:00
The app's expansion across Europe has followed ventures in Africa, Asia, the Caribbean, and Latin America.
European customers can now use Strike to conduct BTC transactions directly with euro deposits through SEPA.
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CryptoCurrency
Dubai-Based CoinW Unveils Rebranding and Prop Trading Product
2024-04-24T14:21:54.811+02:00
The exchange marks its sixth year with rebranding and the launch of its Prop Trading product.
MetaQuotes has restricted its platform usage, prompting partnership terminations with proprietary trading firms.
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CryptoCurrency
Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins
2024-04-22T16:57:03.011+02:00
Initiating coverage with a buy rating, the firm sees shares rise 5.2% to $8.47.
The firm holds the second-largest reserve of bitcoins among listed miners, totaling 9,102 as of March 31.
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CryptoCurrency
Mango Markets’ Manipulator Faces up to 20 Years in Jail after Jury Conviction
2024-04-19T08:22:01.467+02:00
Avraham 'Avi' Eisenberg has been convicted of commodities fraud and manipulation, as well as wire fraud.
It was the first criminal conviction in a cryptocurrency market manipulation case.
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CryptoCurrency
UK Finance Taps R3 and Quant for Financial Technology Experimentation
2024-04-15T17:35:48.833+02:00
The UK RLN will explore digital payment and settlement across currency types.
R3 offers shared ledger capabilities via its Corda platform and Digital Currency solution.
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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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