Crypto exchange Huobi Global was hacked on Sept. 24 for $7.9 million, according to blockchain analytics. Meanwhile, a wallet associated with Ethereum co-founder Vitalik Buterin was flagged sending 400 ETH, worth around $600,000, to Coinbase. In response to the JPEX scandal, Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has vowed to step […]
Just days before Sam Bankman-Fried’s trial in the US, British broadcaster BBC is airing an investigative piece on the disgraced “crypto king”. The documentary, titled “Downfall of the Crypto King”, will air on BBC’s Panorama for eleven months. It will focus on the rise and fall of Bankman-Fried, who was the CEO of FTX, the […]
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 […]
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. […]
Bybit, a Dubai-headquartered cryptocurrency exchange, has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority (FCA). Starting October 1, Bybit will no longer allow new account applications, followed by the suspension of new deposits, new contracts and changes to positions for existing users on […]
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, […]
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. ASIC alleges that Bit Trade neglected to establish a target market determination before offering its margin trading product to Australian clients, in violation of design and distribution requirements for financial product providers […]
