Category: Cryptocurrency

Nexo
January 12, 2023 BY Steffy Bogdanova

Bulgaria takes action against Nexo cryptobank for financial violations

Furthermore, the prosecutor’s office stated that more than 3.6 million transactions have gone through Nexo, some of which involving “risky players”. Nexo has not responded to local media for comment but has posted on Twitter, speaking against the investigation. The company also said that they have taken preventive measures against money laundering. The company tweeted:…

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Binance registered in Sweden
January 12, 2023 BY Steffy Bogdanova

Binance obtains crypto license in Sweden

Richard Teng, Head of Europe and MENA at Binance, commented: Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are…

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CFTC
January 10, 2023 BY Steffy Bogdanova

CFTC charges Mango Markets manipulator with fraud in a $110 million scheme

Acting Director of Enforcement Gretchen Lowe, said: The CFTC will use all available enforcement tools to aggressively pursue fraud and manipulation regardless of the technology that is utilized. The CEA prohibits deception and swap manipulation, whether on a registered swap execution facility or on a decentralized blockchain-based trading platform.” The scheme According to the official…

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FTX
January 03, 2023 BY Steffy Bogdanova

Bahamas regulator responds to FTX CEO statements regarding FTX customer funds

FTX later challenged the regulator’s calculations, saying its digital assets seized in November were worth just $296 million. SCB said that these challenges were based on “incomplete information.” The regulator responded: The US Debtors’ continued lack of diligence when making public statements concerning the Commission is disappointing, and reflects a cavalier attitude towards the truth…

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FTX
December 28, 2022 BY Steffy Bogdanova

US investigates FTX hack and the stolen $370 million

FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…

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FTX
December 23, 2022 BY Steffy Bogdanova

CySEC extends license suspension on FTX until March

The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse. This came only two months after FTX obtained approval from the Cyprus financial market regulator allowing it to offer company products and services to European clients. CySEC noted that during the suspension, the exchange is not permitted…

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B2BinPay
December 22, 2022 BY Steffy Bogdanova

B2BinPay launches new website and pricing plan changes

Website update The new B2BinPay website new design features multiple pages, each dedicated to different products and services. The new design features a comprehensive guide to On-Chain and Off-Chain transactions. On-Chain transactions are executed on the blockchain, requiring verification by other network users. These transactions have no commission fees, but associated blockchain fees still apply.…

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