Tag: Crypto

Bankman-Fried jailed ahead of his October trial
November 18, 2022 BY Steffy Bogdanova

The Bahamas regulator transfers FTX assets to government wallets for “safe keeping”

The Bahamian regulator responded: The Commission wishes to advise that it has not directed, authorized or suggested to FTX Digital Markets Ltd. the prioritization of withdrawals for Bahamian clients. The Commission further notes that such transactions may be characterized as voidable preferences under the insolvency regime and consequently result in clawing back funds from Bahamian…

Read more
Bankman-Fried jailed ahead of his October trial
October 24, 2022 BY Steffy Bogdanova

FTX offers $6 million compensation to phishing attack victims

FTX’s Founder and CEO, Sam Bankman-Fried commented on Twitter: We’ve mostly stamped out sites that try to phish users by masquerading as FTX. But we can’t fix fake sites impersonating *other* services. A few users accidentally registered at fake other sites, including 3 Commas. The reimbursement for the phishing scam is a one-time step taken…

Read more
October 21, 2022 BY Steffy Bogdanova

Binance secures crypto license in Cyprus

Under the new CASP license, Binance can offer crypto services such as pot, custodian, staking, and card services. The CySEC authorisation follows similar registrations in Europe for Binance including in France, Italy and Spain. The crypto exchange also expanded its presence in the Middle East with registrations in Abu Dhabi, Dubai, and Kazakhstan. Changpeng Zhao…

Read more
October 21, 2022 BY Steffy Bogdanova

OANDA announces crypto trading service in US

OANDA explained that opening a Paxos account, funding and trading s all managed within the app so investors can access major cryptocurrencies such as Bitcoin, Ethereum and PAX Gold against the US dollar from the platform. Gavin Bambury, Chief Executive Officer of OANDA, said: As the number of Americans seeking exposure to cryptocurrencies grows, it's…

Read more
N26 Crypto
October 21, 2022 BY Steffy Bogdanova

N26 introduces crypto trading product

Gilles BianRosa, the Chief Product Officer at N26, commented: The N26 banking experience has always been built around the customers’ needs, with features that make money management easy. With N26 Crypto, we have created a simple, intuitive product that integrates seamlessly into N26’s fully-regulated banking experience where one’s bank balance, savings, and investment portfolio sit…

Read more
ASIC ban
October 17, 2022 BY Steffy Bogdanova

ASIC temporarily stops Holon crypto funds

ASIC’s interim order is valid for 21 and stops the funds from issuing interest. Investors in these funds are likely to experience significant price volatility and deep negative returns in periods of asset price decline. The highly volatile and complex nature of crypto-assets makes the investments “risky and speculative”. Holon has disclosed in its product…

Read more