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FTX announces $415 million in hacked cryptocurrency, while Bankman-Fried claims FTX US is solvent
In a filing to creditors on Tuesday, the bankrupt cryptocurrency exchange FTX stated that around $415 million in cryptocurrencies had...
Flexi Group
Jan 20, 20232 min read
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FinCEN shuts down Bitzlato, a €700 million cryptocurrency "dirty money safe haven," in France.
Bitzlato's co-founder and majority shareholder was detained for allegedly handling €700 million in illicit funds. Bitzlato is a...
Flexi Group
Jan 19, 20236 min read
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Genesis and Gemini have been charged by the SEC for not registering a crypto lending product.
The Securities and Exchange Commission (SEC) has charged Genesis Global Capital and Gemini Trust Company, two cryptocurrency companies,...
Flexi Group
Jan 17, 20233 min read
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Revolut is nearing completion of its 2021 accounts as the fintech pursues a UK licence
Revolut Ltd. is nearing completion of its long-overdue 2021 financial accounts, which might clear the way for the start-up to gain a UK...
Flexi Group
Jan 16, 20232 min read
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As the broad cryptocurrency rally continues, Bitcoin retakes the lead at $20,000.
With bitcoin now trading above $20,000 for the first time since the FTX meltdown in early November, Bitcoin's (BTC) 2023 climb is still...
Flexi Group
Jan 16, 20232 min read
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Binance registers in Sweden and is required to give watchdog details about its AML procedures.
The under-fire cryptocurrency exchange Binance has been registered as a financial institution in Sweden, according to the country's...
Flexi Group
Jan 13, 20232 min read
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As crypto contagion spreads, Coinbase will lay off approximately 950 staff
Coinbase Global Inc (COIN.O) announced on Tuesday that it will lay off around 950 employees, or 20% of its workforce, as part of a...
Flexi Group
Jan 12, 20231 min read
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First crypto insider trading defendant sentenced
The brother of a former Coinbase employee was sentenced to ten months in prison for his role in a revolutionary bitcoin insider trading...
Flexi Group
Jan 11, 20232 min read
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Hong Kong's Financial Supervisory Authority Demands "a More Solid Footing" for Crypto
Christopher Hui originally learned about cryptocurrencies from some colleagues who ran investment funds and made purchases of virtual...
Flexi Group
Jan 10, 20235 min read
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Coinbase will pay $100 million following a NYDFS investigation into compliance violations
Coinbase agreed to pay $100 million as part of a settlement with the New York State Department of Financial Services (NYDFS) for...
Flexi Group
Jan 5, 20233 min read
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Failures in sham AML compel Coinbase to settle with New York authorities for $100 million
AML failures compelled Coinbase to reach a settlement with the New York Department of Financial Services (DFS)Â for $100 million. The...
Flexi Group
Jan 5, 20234 min read
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In light of the FTX crisis, banks should handle cryptocurrency with extra caution
Just two months after the financial world was rocked by the collapse of cryptocurrency exchange FTX, US regulators advised that banks...
Flexi Group
Jan 5, 20232 min read
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Cryptocurrency is the primary method of money laundering according to Austrac
According to the Australian Transaction Reports and Analysis Centre (Austrac), organized crime groups are increasingly using...
Flexi Group
Jan 4, 20232 min read
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Following contentious meetings with Sam Bankman-Fried and FTX lobbyists, a top SEC official resigns
Dan Berkovitz, the Securities and Exchange Commission's General Counsel, has resigned following claims that he met and dined with...
Flexi Group
Dec 30, 20222 min read
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China will launch the country's first national 'digital asset' marketplace
While selling digital collectibles on strictly controlled platforms has been popular among Chinese collectors, this is the country's...
Flexi Group
Dec 29, 20221 min read
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Online bank license granted to investors in Israel.
An entrepreneurial company was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new...
Flexi Group
Dec 28, 20221 min read
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For additional revenue streams, NFT developers diversify into real-world assets.
Best-selling online collectibles creators have reacted to a decline in the value of cryptocurrencies and digital assets by looking for...
Flexi Group
Dec 27, 20224 min read
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'Core Scientific,' a Bitcoin miner in the United States, has filed for bankruptcy
Core Scientific, one of the top bitcoin miners registered in the United States, has declared bankruptcy. On Wednesday, the Texas-based...
Flexi Group
Dec 22, 20222 min read
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JP Morgan completes its share purchase of Greece's Viva Wallet
The 48.5 percent acquisition of Greek fintech firm Viva Wallet by American banking behemoth JP Morgan has been completed following a...
Flexi Group
Dec 19, 20221 min read
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Germany has called for global regulation of the cryptocurrency business
This week, Germany's top regulator urged for global regulation of the cryptocurrency business in order to safeguard consumers, combat...
Flexi Group
Dec 16, 20221 min read
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