Rashawn Russell, a former investment banker and registered broker who worked for Deutsche Bank, has pleaded guilty to charges relating to investment fraud. The United States Department of Justice (DOJ) announced that Russell will pay restitution of more than $1.5 million as part of the plea deal and could be jailed for up to 30 […]
Coinbase, a crypto exchange, has decided not to pursue the acquisition of FTX Europe, a derivatives business, after exploring the option twice since the company filed for bankruptcy in November 2022. A spokesperson for Coinbase confirmed that the exchange is always evaluating opportunities to expand its business.FTX Europe operated its derivatives business under a Cyprus […]
Deleno IFC, a highly anticipated project, made its debut at TOKEN2049 Singapore, Asia’s largest Web3 summit. The conference brought together over 10,000 attendees and more than 300 exhibitors, making it the biggest event in the global digital asset industry this year. As one of the platinum sponsors and exhibitors, Deleno IFC showcased its cutting-edge position […]
eToro has been approved by the Cyprus Securities and Exchange Commission (CySEC) to operate as a Crypto Asset Service Provider (CASP). This registration will allow eToro to offer crypto services across the European Union once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect in late 2024. MiCA is an effort to harmonize crypto […]
A former engineer of Alameda Research, Aditya Baradwaj, revealed that the trading firm was behind the Bitcoin flash crash in October 2021. According to Baradwaj, an Alameda trader mistakenly entered a Bitcoin sell order with the decimal point off by a few spaces, selling the crypto for a fraction of its price at the time. […]
Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), which will authorize it to offer regulated crypto services to all countries in the European Union from one single entity […]
Alchemy Pay, a cryptocurrency payment gateway, has recently acquired a Money Transmitter License in the state of Arkansas, USA. This license allows the company to offer a wide range of financial services, including the sale and issuance of payment instruments, stored value, prepaid access, as well as the receipt and transmission of money, virtual currency, […]
Bitget is a crypto exchange that has been at the forefront of the crypto revolution for the past five years. It was founded by a group of traditional finance experts and innovators with the goal of reshaping the digital landscape. Bitget offers a variety of unique offerings for the EN market, such as welcome bonuses, […]
PayPal has announced that its PYUSD stablecoin is now available on Venmo. The payments firm said that the stablecoin, which is pegged to the U.S. dollar, is already available to Venmo users and will be “rolling out fully in the coming weeks”. The stablecoin is issued by Paxos Trust and is fully backed by U.S. […]
OKX, a leading crypto exchange and Web 3.0 technology company, announced today that it has successfully completed the SOC 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report is one of […]
