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The cryptocurrency bank Silvergate will close due to market turmoil
Silvergate, a regional lender based in San Diego that converted itself into a go-to bank for the crypto sector, intends to cease...
Flexi Group
Mar 9, 20232 min read
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London's illicit cryptocurrency ATMs are targeted by the UK's financial watchdog.
Britain's markets regulator and the police have raided alleged illicit crypto cashpoints (ATMs) in east London as authorities intensify...
Flexi Group
Mar 9, 20231 min read
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FCAÂ cautions that strict regulations are required to "detoxify" the cryptocurrency market.
To "detoxify" crypto to eliminate conflicts of interest, protect user money, and compel dramatic changes to business models, Britain's...
Flexi Group
Mar 9, 20232 min read
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Silvergate suspends its cryptocurrency payment network; shares drop after-hours
Silvergate Capital Corp (SI.N) announced on Friday that it has made a "risk-based decision" to stop its crypto payments network, the...
Flexi Group
Mar 7, 20231 min read
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US senators: Binance dodged regulators and moved criminals' assets and sanctions evaders on purpose
Three senators from the United States have requested details about Binance's regulatory compliance and finances. The senators claim that...
Flexi Group
Mar 3, 20232 min read
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Visa and Mastercard halt crypto push amidst industry breakdown
Visa (V.N) and Mastercard (MA.N) are halting efforts to develop new relationships with crypto firms after a series of high-profile...
Flexi Group
Mar 2, 20232 min read
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EU demands crypto capital rules for banks
The bloc's executive has stated that strict capital rules for banks holding cryptoassets must be expedited in the European Union's...
Flexi Group
Feb 22, 20232 min read
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Galois hedge fund closes after half of its assets are stranded on FTX
Kevin Zhou, co-founder, says the fund is no longer viable and sells a claim on a defunct cryptocurrency platform for 16 cents on the...
Flexi Group
Feb 20, 20232 min read
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Chainanalysis: In 2022, Bitcoin Theft Increased while Scams and Ransomware Reward Decreased
In its latest Crypto Crime Report, blockchain analytics firm Chainalysis notes that the number of crime-related transactions increased...
Flexi Group
Feb 17, 20232 min read
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Kraken will pay $30 million for an unregistered cryptocurrency "staking" product.
The Securities and Exchange Commission (SEC) hit cryptocurrency exchange Kraken with $30 million in fines and fees on Thursday, as part...
Flexi Group
Feb 10, 20232 min read
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Have bitcoins finally reached safety? It's important to weigh your options
Is there a turning point in sight for bitcoin and ether? If cryptocurrency options traders are any indication, that's exactly what will...
Flexi Group
Feb 8, 20232 min read
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Cybersecurity difficulties: defense and disclosure
Cybersecurity threats continue to be a key worry for management and boards, as well as investors and other company stakeholders. The risk...
Flexi Group
Feb 8, 20235 min read
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Only crypto companies adhering to AML safeguards are permitted to advertise in the UK;
British financial watchdog advised cryptocurrency companies on Monday to prepare for an upcoming change in the law governing advertising,...
Flexi Group
Feb 7, 20231 min read
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Crypto hacks in 2022 stole a record $3.8 billion, with North Korean groups leading the way.
A US-based blockchain analytics company said in a report on Wednesday that last year was the worst on record for cryptocurrency heists,...
Flexi Group
Feb 3, 20232 min read
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A woman is accused in New York of using cryptocurrency to support terrorist groups in Syria
A lady has been accused by prosecutors in New York of using cryptocurrencies to support terrorist organizations in Syria. Victoria...
Flexi Group
Feb 2, 20233 min read
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The UK Treasury proposes regulations for cryptoassets, minimum capital, and liquidity criteria
The UK Treasury has drafted guidelines to regulate cryptoassets, citing the continued volatility of the market and the collapse of the...
Flexi Group
Feb 2, 20232 min read
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FTX sues Voyager Digital to recoup $446 million in debt payments due in 2022.
FTX, a bankrupt cryptocurrency exchange, filed a lawsuit against Voyager Digital, a crypto lender, on Monday in an effort to recover...
Flexi Group
Feb 1, 20232 min read
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Binance processed $346 million for the seized cryptocurrency exchange Bitzlato
Blockchain data reveals that cryptocurrency firm Binance processed around $346M in bitcoin for the Bitzlato digital currency exchange,...
Flexi Group
Jan 25, 20234 min read
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Nexo pays a $45 million fine to the SEC for failing to register a lending product.
Nexo Capital Inc. has agreed to pay $45M in fines to resolve allegations that the cryptocurrency company failed to register its crypto...
Flexi Group
Jan 23, 20232 min read
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No problem with crypto in India if rules are obeyed, according to ministry
India's junior IT minister stated on Thursday that cryptocurrencies are legal in India if all regulations are obeyed, contradicting the...
Flexi Group
Jan 20, 20231 min read
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