Category: Cryptocurrency

SEC fraud
November 19, 2021 BY Steffy Bogdanova

SEC issues charges in crypto investment scams

Michele Wein Layne, Regional Director of the SEC’s Los Angeles Regional Office, said: Defendant Ryan Ginster allegedly engaged in a fraudulent scheme raising millions in cryptocurrency using online investment programs and then converted the cryptocurrency for his own benefit. Individuals who hide behind the anonymity of cryptocurrency transactions to defraud investors should expect that the…

Read more
November 15, 2021 BY Steffy Bogdanova

TRM Labs, Eventus and Notabene team up to deliver compliance solution for digital asset ecosystem

Esteban Castaño, Co-founder and CEO of TRM Labs, said: Organizations operating in the crypto space are tasked with managing a complex regulatory landscape in a rapidly evolving market. Project TEN helps organizations address this complexity by bringing distinct areas of risk management expertise into one comprehensive offering. Eventus CEO Travis Schwab commented: Powered in part…

Read more
Ripple
November 10, 2021 BY Steffy Bogdanova

Ripple reveals Ripple Liquidity Hub for enterprise customers

Ripple has used Liquidity Hub for two years for internal liquidity management as part of its On-Demand Liquidity (ODL) product. The new product, however, will be available for its of customers around the world, as well as any financial institutions, banks, fintechs or corporates. RippleNet GM Asheesh Birla said: We understand firsthand the need for…

Read more
November 08, 2021 BY Steffy Bogdanova

Sweden’s FI calls for ban of energy-intensive crypto mining

It has been estimated by the the University of Cambridge and Digiconomist that the two largest cryptocurrencies Bitcoin and Ethereum, together use nearly twice as much electricity in a year as the whole country of Sweden. This is attributed to the nature of the cyrpto mining process which requires a proof of work. Miners must…

Read more
Fullerton Markets crypto
November 08, 2021 BY Steffy Bogdanova

Fullerton Markets adds 10 cryptocurrencies for trading

All trades on Fullerton Markets are executed directly without requotes. The company uses “Straight Through Processing” (STP), passing on customers’ trades directly to its tier-one liquidity providers. Clients of Fullerton Markets can come onboard, get that strategy going and start trading on Bitcoin, Ethereum, Cardano, Ripple or Stellar. Mario Singh, CEO of Fullerton Markets, said:…

Read more
Martin Bruncko Binance
November 03, 2021 BY Steffy Bogdanova

Binance hires Martin Bruncko as Executive Vice President for Europe

Prior to joining Binance, Bruncko has held different roles including founder, executive, and board member in various European deep tech and fintech companies. He has served in companies such as AeroMobil, Stasis, GA Drilling, and Neulogy (acquired by Civitta). Bruncko has also served as a member of the investment committee of the European Innovation Council…

Read more
ASIC
October 29, 2021 BY Steffy Bogdanova

ASIC announces regulatory guidance on crypto products

The new regulatory guidance follows ASIC’s public consultation on crypto-assets in June 2021. The new guidelines include good practices for market operators and information on admission and monitoring standards, custody of crypto-assets, pricing methodologies, disclosure and risk management. Armour added: The good practices we published provide practical examples of how these obligations may be met,…

Read more
October 26, 2021 BY Steffy Bogdanova

DFSA introduces regulation for investment tokens

Peter Smith, Managing Director, Head of Strategy, Policy and Risk at the DFSA said: Creating an ecosystem for innovative firms to thrive in the UAE is a key priority for both the UAE and Dubai Governments, and the DFSA. Our consultation on Investment Tokens enabled us to understand what firms were looking for in a…

Read more
October 26, 2021 BY Steffy Bogdanova

Payments giant Mastercard to offer crypto services soon

Details about the new offering are still not disclosed but CNBC suggests that the service will be first available in the US. According to Mastercard estimations, 2.8 billion Mastercards are in use and the payments network’s clients have relationships with over 20,000 financial institutions around the globe. Bakkt CEO Gavin Michael, commented: We’re lowering the…

Read more