Category: Cryptocurrency

OneCoin
December 19, 2022 BY Steffy Bogdanova

Crypto pyramid scheme OneCoin’s co-founder Karl Greenwood pleads guilty

US Attorney Damian Williams commented: As a founder and leader of OneCoin, Karl Sebastian Greenwood operated one of the largest international fraud schemes ever perpetrated.  Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars, claiming that OneCoin would be the ‘Bitcoin killer.’  In fact, OneCoins were entirely worthless. …

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partnership
December 16, 2022 BY Steffy Bogdanova

Pico partners with BSO to expand crypto offering

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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FTX
December 13, 2022 BY Steffy Bogdanova

Samuel Bankman-Fried charged by SEC for defrauding investors, gets arrested in the Bahamas on criminal charges

The agency also pointed out as a key problem that Bankman-Fried kept the funds of Alameda and FTX mixed up together. The regulator alleges that he used that to make undisclosed investments, luxurious real estate purchases, and large political donations. SEC Chair Gary Gensler commented: We allege that Sam Bankman-Fried built a house of cards…

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TP ICAP
December 01, 2022 BY Steffy Bogdanova

TP ICAP obtains FCA registration for institutional crypto exchange

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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November 30, 2022 BY Steffy Bogdanova

Binance acquires Japanese crypto platform Sakura Exchange BitCoin

Takeshi Chino, general manager of Binance Japan, said: The Japanese market will play a key role in the future of cryptocurrency adoption. As one of the world’s leading economies with a highly-developed tech ecosystem, it’s already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange in a compliant…

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B2C2 introduces electronic OTC options trading product for crypto markets
November 28, 2022 BY Steffy Bogdanova

B2C2 expands use of KX’s real-time analytics software, deploys visualisation tool

Nicola White, Group CEO B2C2 commented: We are pleased to be working with KX, which supports B2C2 in delivering real-time data-driven trading insights and decisions to digital assets markets. KX is recognized and respected for its industry-leading technology across the world's major financial institutions and working with them aligns with our clients' and counterparties' capabilities.…

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ASIC ban
November 23, 2022 BY Steffy Bogdanova

ASIC sues Block Earner for unlicensed crypto offerings

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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