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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...
Jan 13, 20232 min read


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...
Jan 12, 20232 min read


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...
Jan 11, 20232 min read


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...
Jan 10, 20235 min read


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...
Jan 5, 20233 min read


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) for $100 million. The...
Jan 5, 20234 min read


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...
Jan 5, 20232 min read


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...
Jan 4, 20233 min read


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...
Dec 30, 20222 min read


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...
Dec 29, 20221 min read


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...
Dec 28, 20221 min read


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...
Dec 27, 20224 min read


'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...
Dec 22, 20222 min read


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...
Dec 19, 20221 min read


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...
Dec 16, 20221 min read


Bahamas 'Dangerous' IT Access Is Warned Against by FTX Bankruptcy Court
Wednesday saw a worsening of the disagreement over access to FTX's computer systems as Judge John Dorsey of the U.S. Bankruptcy Court in...
Dec 15, 20223 min read


Former CEO of FTX, has been charged by SEC with "orchestrating a scheme to defraud equity investors"
Sam Bankman-Fried, the former CEO and co-founder of the cryptocurrency exchange FTX, has been accused by the US Securities and Exchange...
Dec 15, 20222 min read


Cyprus watchdog will continue suspending FTX's EU license.
According to a spokeswoman, the Cyprus Securities Regulator will meet next week to discuss whether to extend suspending FTX EU's license....
Dec 14, 20221 min read


Sam Bankman-Fried was arrested in the Bahamas before he was charged in the US
The founder of the defunct FTX crypto exchange has been arrested at the request of federal authorities. Sam Bankman-Fried was detained in...
Dec 13, 20222 min read


US DOJ split postpones conclusion of Binance criminal investigation
According to reports, US Department of Justice prosecutors are divided over whether the evidence acquired in connection with a criminal...
Dec 13, 20222 min read
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