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Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners
17.2.2023
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
16.2.2023
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules...
Japanese Securities Giant SBI Completes Takeover of Crypto Exchange Bitpoint
16.2.2023
The Japanese securities giant SBI has completed a takeover of the rival crypto exchange Bitpoint. The move consolidates the firm’s increasingly tight grip on the domestic crypto market – and marks the second time it has taken over a domestic rival....
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FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
15.2.2023
The agency issued a cease-and-desist letter on Wednesday
Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan
15.2.2023
Australian cryptocurrency exchange Digital Surge is set to come back online after stakeholders signed the recovery plan on Wednesday
Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
15.2.2023
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...
Czhang Lin Explains the Investment Strategy of LBank Labs in Web3
14.2.2023
LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank. Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their...
Pantos, Multichain Token System Backed by Crypto Exchange Bitpanda, Starts Beta Version
14.2.2023
The launch by Pantos, backed by the Austrian crypto exchange Bitpanda, follows a $12.1 million initial coin offering in 2018
Crypto Exchange Coinmetro Buys Social Fundraising Platform Ignium
14.2.2023
With the €4 million ($4.3 million) acquisition, the Estonia-based crypto exchange Coinmetro intends to broaden its securities market offerings and develop tools for small businesses to raise funds directly from their communities using non-fungible tokens
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
14.2.2023
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning
12.2.2023
Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention....
Crypto Exchange C3 Raises $6M to Offer FTX Alternative
10.2.2023
Two Sigma Ventures led the round for the decentralized exchange
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
10.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken...
The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers – Who Will Be Affected?
10.2.2023
According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.
The major exchange has allegedly been...
LBank Secures Virtual Asset Provider Registration to Operate in Italy
9.2.2023
PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users. On the 1st of February 2023, LBank...
Crypto Exchange Kraken in Hot Water with SEC Over Alleged Securities Violation – Here's What You Need to Know
9.2.2023
The US-based crypto exchange Kraken is in hot water with regulators over an alleged violation of securities rules related to the selling of “unregistered securities.”
The Securities and Exchange Commission’s (SEC) probe into whether Kraken did offer unregistered securities to US consumers is...
LocalBitcoins closes down the P2P crypto exchange service
9.2.2023
LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately