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Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes
26.9.2023
JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted. Chase UK to Halt Crypto Payments...
SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers
26.9.2023
On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan.
Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute...
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...
Citi Token Services will provide payments, liquidity to institutional customers
18.9.2023
The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots
Bittrex Exchange Bankruptcy: Customers Leaving Money Behind – Here's the Latest
18.9.2023
The majority of Bittrex US customers are leaving money behind by failing to claim their assets.
The deadline for approximately 1.6 million customers to claim their crypto assets on Bittrex US and Bittrex Malta exchanges passed on August 31.
However, only 35,972 customers, less than 3% of those...
FTX Restores Full Access to Claims Portal After Cybersecurity Breach
17.9.2023
The portal allowing FTX customers to file claims with the bankrupt cryptocurrency exchange is again fully operational after a recent security incident. User accounts that were affected by the breach in August have been unfrozen, the failed crypto trading company announced. Crypto Exchange FTX...
Surprisingly Few U.S. Customers Want Their Bittrex Money Back
13.9.2023
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
13.9.2023
A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”
Ripple compensates the losses of Fortress’ customers
11.9.2023
Ripple has taken the initiative and compensated the losses incurred by the customers of the startup Fortress Trust, which is into the blockchain framework. This is a step in the direction of its plan to take over the company. Fortress sent out a tweet stating that its customers were impacted by...
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
Circle Partners With Mercado Pago to Offer USDC to Chilean Customers
1.9.2023
Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...
Binance Finds Way to Serve Belgian Users After Cease Order
31.8.2023
Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...
FTX Customers Hit by ‘Withdrawal' Phishing Mails After SIM Swap Attack
29.8.2023
Woes for users of the Sam Bankman-Fried-owned company show no signs of stopping
DoorDash launches AI bot to take customers' takeout orders
29.8.2023
During peak times, DoorDash’s AI system will take the load off restaurants by automatically answering incoming phone calls
Binance’s Belgian Customers to Use Polish Entity In Bid to Escape Regulators’ Ban
28.8.2023
Financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc
Crypto builders should 'give up' serving US customers for 5 to 10 years — dYdX founder
26.8.2023
The founder of dYdZX argued that early-stage crypto projects can scale faster by ignoring U.S. customers, as they won't have to deal with the hassles of the U.S. regulatory climate
Bitstamp to end Ethereum staking for U.S. customers in September
25.8.2023
The main focus of the discussion is the decision of cryptocurrency exchange Bitstamp to stop offering Ethereum (ETH) staking services to U.S. clients. In staking, rewards are earned by holding and confirming Bitcoin transactions on a proof-of-stake blockchain network. Bitstamp has decided to cease...
Bitstamp Halts ETH Staking for US Customers Amid Regulatory Uncertainty
24.8.2023
In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users.
The exchange has set September 25 as the deadline for users to earn rewards on their staked assets, after which...
Shopify Customers Can Now Pay In USDC Via Solana Pay
23.8.2023
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday
Russian Banks MTS, PSB Say Customers Are Now Using Digital Ruble
23.8.2023
The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.”
The nation’s Central Bank has fast-tracked its CBDC project in recent weeks, and is eyeing a 2025-2027 national rollout.
The banks, along with the likes of VTB Bank,...