The firm added: We firmly believe that acquiring all or part of Celsius’ qualifying, outstanding collateralized loan receivables will go a long way in providing immediate liquidity to Celsius clients. We are still waiting to hear from their management and will update you. The lender stated that the offer is subject to risk management and…
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Tom Higgins, CEO, Gold-i commented: We added Binance due to significant client demand, including from high-growth regions such as Asia. Binance is a fantastic exchange for us to have integrated with. It is the biggest exchange globally and this creates great opportunities for our clients. We have now completed our integration and are certain that…
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Zhao also disclosed the exchange’s plans to expand its operations within the country. He said: We are interested in investing in traditional financial service centers including payment service providers, banks, etc. We want to help bring those businesses into the blockchain world. Earlier in May, Binance tconfirmed it is in talks with Germany’s financial regulator…
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Brian Mulcahy, Head of StoneX Digital, commented: StoneX is committed to providing our clients access to a wide array of markets, diverse asset classes, and the tools necessary to interact with those markets effectively. We are thrilled that StoneX Digital will give institutional investors the ability to execute and custody cryptocurrencies just as they would…
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The new feature offered by PauPal allows its customers to move cryptocurrencies from PayPal to external crypto addresses, including exchanges and hardware wallets, and send crypto to family and friends on PayPal, with no fees or network charges. Jose Fernandez da Ponte, Senior Vice President and General Manager, Blockchain, Crypto & Digital Currencies at PayPal,…
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TT CEO Keith Todd commented: Our acquisition by 7RIDGE late last year has given us the ability to make a substantial investment into broadening our offering into new asset classes, including through partnerships with the most innovative and reliable firms with domain expertise. Among our first priorities is becoming a primary hub for crypto trading,…
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Acting Director of Enforcement Gretchen Lowe Making false or misleading statements to the CFTC in connection with a futures product certification undermines the CFTC’s work to ensure the financial integrity of all transactions subject to the CEA, protect market participants, deter and prevent price manipulation, and promote responsible innovation and fair competition. This enforcement action…
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Sam Bankman-Fried, CEO of FTX and currently serving as Interim CEO of FTX Japan, said: The acquisition not only gives us a technological advantage, but also allows us to work directly with Japanese regulators in a transparent, constructive and positive manner. With the launch of FTX Japan, FTX will be able to provide the Japanese…
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One pressing issue is shadow banking which is a type of banking system where financial activities are facilitated by unregulated intermediaries. Shadow banking using cryptocurrencies became a significant issue following the collapse of the stablecoin project Terra. It promised a return of up to 20% for USD-pegged stablecoin deposits. She added: I think what I’m…
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Caleb Lim, Senior Investment Manager at Huobi Group, added: Currently, only about half of Latin American’s population own bank accounts. Through this acquisition, Huobi Global hopes to meet this growing appetite for alternative financial services through blockchain technology. We intend to add more local fiat currencies and work with local partners to expand our ecosystem…
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