Category: Cryptocurrency

SEC acts against 11 firms neglecting electronic communications
June 29, 2020 BY Steffy Bogdanova

Telegram agrees to pay over $1.2 billion in settlement over its digital token Grams

Lara Shalov Mehraban, Associate Regional Director of the New York Regional Office commented: Our emergency action protected retail investors from Telegram's attempt to flood the markets with securities sold in an unregistered offering without providing full disclosures concerning their project. The remedies we obtained provide significant relief to investors and protect retail investors from future…

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KPMG unveils institutional crypto management platform KPMG Chain Fusion
June 26, 2020 BY Steffy Bogdanova

KPMG unveils institutional crypto management platform KPMG Chain Fusion

KPMG Chain Fusion’s goal is to support companies to achieve smooth adoption of crypto business capabilities and enable them with technology products for data, custody and infrastructure. The platform allows organizations to overcome challenges such as cryptographic proof of assets under custody, deployment and integration of custody capabilities like multi-party computational crypto asset wallets and…

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Binance to launch spot crypto trading platform in the UK
June 18, 2020 BY Steffy Bogdanova

Binance will launch digital asset trading platform for institutional and retail investors in the UK

The new platform will enable uses to make faster direct deposits and withdrawals from bank accounts with the UK Faster Payments Service and the Single Euro Payments Area Network. Teana Baker-Taylor, director of Binance UK said that with the crypto market developing and growing, Binance will create more investment options for traders. Binance has reported…

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June 17, 2020 BY Steffy Bogdanova

RippleNet Cloud announces its first bank customer Banco Rendimento

Ripple’s list of financial institution using RippleNet Cloud includes: Azimo DeeMoney iRemit MoneyGram MoneyMatch Usend / Pontual Viamericas Jacques Zylbergeld, FX Superintendent at Banco Rendimento commented: Migrating our payment infrastructure to RippleNet Cloud allows us to provide our customers with a best-in-class experience. Customers can now enjoy more transparency and easier navigation for both submitting…

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Cryptocurrency platform Ziglu launches P2P payments for crypto and fiat currencies
June 16, 2020 BY Steffy Bogdanova

Cryptocurrency platform Ziglu offers easy access to crypto

Ziglu has designed and built a financial platform in the cloud with flexible and scalable technology, offering fair and transparent pricing with user funds held in a segregated account. Mark Hipperson said: This launch marks the beginning of an exciting journey for Ziglu to deliver transformational financial services for our customers. By offering immediate and…

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June 10, 2020 BY Steffy Bogdanova

Ripple lawyers move for dismissal of fraud charges in an XRP lawsuit

The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…

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Dukascopy Bank adds Ether to client funding methods
June 09, 2020 BY Steffy Bogdanova

Dukascopy Bank expands client funding range with Ether

The cryptocurrency (BTC and ETH) can be used as a payment vehicle and is automatically converted into the base currency of the account (USD) and credited to the client’s account. In the same way, withdrawn funds from a crypto-fundable account are debited in USD and automatically converted into crypto-currency and sent to the client’s registered…

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Tokenise launches digital exchange
June 02, 2020 BY Valentina Kirilova

Tokenise teams up with GMEX, launches a fully-regulated digital exchange

Tokenise is licensed in Barbados and is operating out of London and the Caribbean. The exchange aims to establish a new benchmark for digital assets by utilising blockchain technology. Tokenise facilitates liquidity in a traditionally illiquid market, by removing acknowledged inefficiencies and barriers to participation to democratise the process of matching providers and consumers of…

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June 01, 2020 BY Steffy Bogdanova

Swissquote defends cryptocurrency against Goldman Sachs

Swissquote agrees with Goldman Sachs that crypto has been used in Ponzi schemes, money laundering and other dark market functions but fiat currencies can also be used for illicit activities. Chris Thomas commented: Banks and enterprises like Swissquote Bank operate to strict AML regulatory levels in both fiat and crypto worlds to prevent such illicit…

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