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FTX users name Mercedes F1 team and MLB in new promo lawsuits
28.11.2023
The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms
South Korea Joins Global Community for Crypto Asset Reporting Framework Push
10.11.2023
Source: Pexels South Korea has joined a group of 48 nations, calling for the promotion of an international framework for cryptocurrency reporting. In a significant move, South Korea confirmed its engagement on Friday to implement the international reporting framework on digital assets....
FCA releases guidance for compliance with new UK crypto asset promotion rules
2.11.2023
The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8
Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...
Binance Appoints New Regional Head for Eastern Europe and Central Asia
28.10.2023
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...
UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules
27.10.2023
Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified since it imposed stricter marketing rules earlier this...
Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
7.10.2023
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest rules for crypto marketing. Binance Marketing...
Zumo First to Integrate Tech Requirements of FCA’s New Financial Promotion Regime for Crypto Assets
29.9.2023
Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA).
In June, the FCA published rules on financial promotions for cryptoassets, which will have effect...
FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat
11.9.2023
FTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people it’s looking to get back
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
7.9.2023
The crypto exchange's promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams
Charity-Focused Web3 Chimpzee’s Presale Heating Up Amid Exciting Airdrop Promotion - $1.1 Million Now Raised
4.8.2023
Thursday, 3rd of August - One of Web3’s most promising up-and-coming charity-focused projects, Chimpzee, is celebrating that it just hit $1 million in funds raised with a massive token airdrop.
The project, which has now raised more than $1.1 million via the sale of its native $CHMPZ token,...
Twitch Bans Promotion Of Counter-Strike Gambling
3.8.2023
Streaming megasite Twitch has updated its community guidelines, and now prohibits streamers from promoting or being sponsored by Counter-Strike: Global Offensive skin gambling sites. This new ban could impact many CS:GO streamers who have lucrative deals with these controversial websites. Read more
Japan Signals More Web3 Promotion Policies Are To Come
25.7.2023
Japan's Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry
FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
19.7.2023
Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. ...
Read More: FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
Crypto memes can be considered financial promotions, says UK watchdog
18.7.2023
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA
European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok
11.6.2023
BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors....
Luck Strikes Again: Player Wins 6 BTC Jackpot on Book of the Fallen at Bitcoin.com Games
10.4.2023
A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot of 1,214 times their initial bet amount,...
UK uses Love Island star to warn finfluencers on crypto and investment schemes
7.4.2023
The financial and advertising regulators posted a seven-part checklist to ensure these social media stars stay within the bounds of the law