Category: Cryptocurrency

March 28, 2023 BY Steffy Bogdanova

CFTC charges Binance and its founder for operating an illegal digital asset derivatives exchange

The complaint alleges that Binance has offered and executed commodity derivatives transactions for US clients since July 2019. Moreover, the CFTC said that Binance directed its employees and customers to get around compliance controls detailing that they were encouraged to use messaging applications set to automatically delete written communication to avoid leaving evidence. The complaint…

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March 22, 2023 BY Steffy Bogdanova

Apex Group taps Crypto Finance for crypto investment solutions

Bruce Jackson, Chief of Digital Asset Funds and Business at Apex Group,said: Today’s announcement is an important next step in our global strategy of institutionalising digital markets, enabling institutional capital to access this digital asset class within the same secure and regulated framework they are familiar with from the traditional financial markets. Apex Group and…

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March 21, 2023 BY Steffy Bogdanova

The Sandbox and GCEX team up to create education and client engagement platform within the DubaiVerse

The Sandbox and GCEX will help gamers, as well as companies who want to access the open metaverse. The two companies will educate them on decentralised finance (DeFi) and on GCEX’s digital prime brokerage offering for institutional and professional clients. GCEX’s clients will also gain access to exclusive content and educational assets. Sebastien Borget, COO…

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March 08, 2023 BY Steffy Bogdanova

FCA goes after unregulated crypto ATM providers in London

Mark Steward, the Executive Director of Enforcement and Market Oversight at the FCA, commented: Crypto ATMs operating without FCA registration are illegal, and we will take action to stop this. This operation sends a clear message that we will continue to identify and disrupt unregistered crypto businesses in the UK. The FCA has taken steps…

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March 06, 2023 BY Steffy Bogdanova

Coinbase acquires institutional investment firm One River

Brian Armstrong, the CEO of Coinbase, said: We're thrilled to integrate One River's investing expertise into Coinbase. One River has pioneered institutional digital asset investing and we're looking forward to continuing their tradition of innovation. One River Digital Asset Management’s acquisition by Coinbase comes at a time when institutional interest in cryptocurrencies is growing, with…

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March 01, 2023 BY Steffy Bogdanova

Binance invests in venture fund Nomad Capital

Erick Zhang, Managing Partner, Nomad Capital, said: Nomad Capital is committed to partnering with our portfolio companies to help them achieve their full potential. Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will further propel us…

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FTX
March 01, 2023 BY Steffy Bogdanova

CFTC and SEC file fraud charges against FTX co-owner Nishad Singh

According to the court filings, between May 2019 and November 2022, FTX’s customer assets were not separated from the company’s as represented to the customers. Furthermore, they were “routinely held by FTX’s sister digital asset trading company, Alameda” and misappropriated for “luxury real estate purchases, political contributions, and high-risk, liquid digital asset industry investments.” The…

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