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Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
18.11.2022
While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business
Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report
18.11.2022
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player
South Korean Crypto Exchange Gopax Services Hit by Genesis Disruption
17.11.2022
Crypto chaos is finally taking its toll on South Korean exchanges – with the crypto investment bank Genesis’ decision to pause redemptions and new loan offerings earlier this week disrupting services on the Gopax trading platform.
Platforms in the nation have – until very recently – appeared...
Australia Suspends Financial Services License of Local FTX Entity
17.11.2022
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
16.11.2022
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according...
Abu Dhabi grants Binance financial services permission, economist hits out
16.11.2022
UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East
FTX Australia's license suspended as 30K Aussies left in the lurch
16.11.2022
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire
Crypto Exchange PowerTrade to Offer Custody Services to Institutional Clients
14.11.2022
The exchange’s tie-in with Copper will allow clients to minimize counterparty risk, said the company
Japanese Regulator Slaps FTX Japan With Business Suspension Order
12.11.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes...
Onchain Data Shows FTX US Paused ETH Withdrawals for 2 Hours, Users Complain of Withdrawal Errors
11.11.2022
After FTX International’s parent firm West Realm Shires Services filed for Chapter 11 bankruptcy protection in Delaware, users noticed that FTX US was included in the bankruptcy filings. On the U.S. exchange’s website, the firm notes that “trading may be halted on FTX US in...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
11.11.2022
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and...
Alchemy Pay Brings OnRamp and NFT Checkout to London Token2049
11.11.2022
PRESS RELEASE. Fiat-crypto payment provider, Alchemy Pay, is bringing its mainstream-friendly services to Europe’s foremost crypto conference – London Token2049. The Singapore-based company has taken its payment network infrastructure and pivoted to direct-to-customer (D2C) services, with...
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’
10.11.2022
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at some point he “might have more to say about a particular sparring partner.” SBF Says He Messed...
Swaps Updates Take Payment Processing and UX to Badass Level
10.11.2022
PRESS RELEASE. Tallinn, Estonia: Swaps is pleased to announce that we have updated our platform. As a crypto and fiat payment processing company, we prioritize providing our partners with the best crypto on-ramp, off-ramp, and checkout services. Our new update includes better UI and UX,...
Maintaining decentralization: Are custody services a threat to DeFi protocols?
10.11.2022
DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro
10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...
Coinbase and Kraken experience limited services amid markets turbulence
8.11.2022
They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services
8.11.2022
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to trade, purchase, and sell bitcoin and ether through Uala’s platform. The service is expected...