The prosecutors on the case have said they will not oppose bail if the defendants submit their travel documents and fulfil other conditions. In separate actions, the US Securities and Exchange Commission (SEC) has also charged Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors of the crypto trading…
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Under the new partnership agreement, Pico will extend its network to offer its clients access to BSO’s Crypto Connect.PicoNet clients will be able to use Crypto Connect’s global, low-latency, cloud-to-cloud connections into more than 35 major crypto exchanges. Michael Ourabah, Chief Executive Officer, BSO, said: BSO has always prided itself on delivering the mission-critical infrastructure…
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LR: What were the key market trends you observed in 2022, generally and specifically among HYCM’s investors? Stavros: FX volatility has returned with a vengeance in 2022, due to many of the issues just mentioned. We’ve seen moves in some of the major pairs that have been difficult to believe as the DXY reached levels…
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Spence pleaded guilty earlier this year in a fraud case for soliciting individuals to invest in digital assets including bitcoin and ether from December 2017 through April 2019. During this period, Spence fraudulently solicited and obtained over $5 million of digital assets such as bitcoin and ether from 175 user accounts. Earlier in May, Spence…
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The platform will use the TP ICAP’s electronic OTC platform, Fusion, to give clients access to a non-custodial cryptoasset exchange for order matching and trade execution. Fusion Digital Assets will offer diversified liquidity from market makers around the world to its clients. Trenholme added: Over time, we believe blockchain will lead to the tokenisation of…
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Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…
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The regulator added: It is unfortunate that in Chapter 11 filings, the new CEO of FTX Trading Ltd. misrepresented this timely action through the intemperate and inaccurate allegations lodged in the Transfer Motion. It is also concerning that the Chapter 11 debtors chose to rely on the statements of individuals they have (in other filings)…
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ASIC is now seeking declarations, injunctions, and pecuniary penalties. ASIC Deputy Chair Sarah Court said: We are concerned that Block Earner offered financial products without appropriate registration or an Australian Financial Services licence, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law.…
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The Singaporean regulator’s statements follow the sudden quick collapse of FTX which began with a liquidity crisis, a failed bailout, which Binance backed out from, and an over $600 million hack, forcing the crypto exchange to file for bankruptcy in the US. After the former CEO and founder of FT, Sam Bankman-Fried, was replaced, the…
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Octavian Pătrașcu, the founder and CEO of CAPEX.com, commented: Now that we are ready to launch our cryptocurrency division in the Middle East, we are one step closer to becoming a complete trading app that offers multiple verticals in the financial services in different regions. We are happy to see that the markets are becoming…
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