Coinbase acquires institutional investment firm One River LeapRate

March 06, 2023 BY Steffy Bogdanova

Coinbase acquires institutional investment firm One River

Brian Armstrong, the CEO of Coinbase, said: We're thrilled to integrate One River's investing expertise into Coinbase. One River has pioneered institutional digital asset investing and we're looking forward to continuing their tradition of innovation. One River Digital Asset Management’s acquisition by Coinbase comes at a time when institutional interest in cryptocurrencies is growing, with…

March 03, 2023 BY Steffy Bogdanova

OANDA teams up with KAIKO for pricing service and digital assets offering

Ambre Soubiran, CEO of Kaiko, added: We are glad to partner with OANDA to bring IFRS and US GAAP-compliant exchange rates to Kaiko’s data services. Auditable FX rates are essential to a number of financial activities, and it was important for us to link Kaiko’s digital assets market data to a reliable FX data provider…

March 01, 2023 BY Steffy Bogdanova

Binance invests in venture fund Nomad Capital

Erick Zhang, Managing Partner, Nomad Capital, said: Nomad Capital is committed to partnering with our portfolio companies to help them achieve their full potential. Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will further propel us…

March 01, 2023 BY Steffy Bogdanova

CFTC and SEC file fraud charges against FTX co-owner Nishad Singh

According to the court filings, between May 2019 and November 2022, FTX’s customer assets were not separated from the company’s as represented to the customers. Furthermore, they were “routinely held by FTX’s sister digital asset trading company, Alameda” and misappropriated for “luxury real estate purchases, political contributions, and high-risk, liquid digital asset industry investments.” The…

February 28, 2023 BY Steffy Bogdanova

SEC subpoenas Robinhood over crypto listings

Robinhood said: To the extent that the SEC or a court determines that any cryptocurrencies supported by our platform are securities, that determination could prevent us from continuing to facilitate trading of those cryptocurrencies (including ceasing support for such cryptocurrencies on our platform). It could also result in regulatory enforcement penalties and financial losses in…

February 23, 2023 BY Steffy Bogdanova

US court indicts founders of $340 million Forsage crypto Ponzi scheme

Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division, said: While advancements in the virtual asset ecosystem bring new opportunities to investors, criminals are also finding new ways to orchestrate illicit schemes. The FBI remains committed to working alongside our domestic and international law enforcement partners to investigate and pursue subjects who orchestrate these…

February 21, 2023 BY Steffy Bogdanova

FTX Japan resumes withdrawals of fiat and crypto assets

The parent company FTX stopped its operations in November last year after a public collapse and filed for bankruptcy along with 134 subsidiaries. Its Japanese arm’s business was suspended and was supposed to resume withdrawals in December. The exchange pointed out that there might be delays in the processing of the withdrawals due to the…

February 14, 2023 BY Steffy Bogdanova

Interactive Brokers introduces crypto trading in Hong Kong

Interactive Brokers Hong Kong’s new crypto trading has commissions of 0.20% - 0.30% of trade value, which also depends. Additionally, there is a $2.25 minimum per order charge with no added spreads or markups. David Friedland, Head of APAC at Interactive Brokers, said: Investor demand for digital assets continues to grow in Hong Kong and…

February 13, 2023 BY Steffy Bogdanova

Paxos ordered to stop issuing Binance stablecoin BUSD

The news follows an The Wall Street Journal report that The Securities and Exchange Commission (SEC) was planning to file a lawsuit against Paxos for violating investor protection laws. Binance CEO Changpeng Zhao responded quickly on Twitter to Paxos’ decision to stop offering BUSD. He wrote: We were informed by Paxos they have been directed…

February 13, 2023 BY Steffy Bogdanova

GCEX teams up with Komainu to boost custodian offering

Darren Jordan, Head of Sales, Komainu added: Working with GCEX aligns with our core values to offer institutional investors a regulated digital asset custody solution, while remaining a designated third party. With an increasing focus on counterparty risk, our partnership further reinforces our joint commitment to keep our clients’ assets segregated and secure.” GCEX provides…

Category: Cryptocurrency