Crypto Derivatives Trading on the Rise Despite Bear Market

Coinbase, a crypto exchange, has decided not to pursue the acquisition of FTX Europe, a derivatives business, after exploring the option twice since the company filed for bankruptcy in November 2022. A spokesperson for Coinbase confirmed that the exchange is always evaluating opportunities to expand its business.FTX Europe operated its derivatives business under a Cyprus […]

eToro Receives Approval to Operate as Crypto Asset Service Provider in EU

eToro has been approved by the Cyprus Securities and Exchange Commission (CySEC) to operate as a Crypto Asset Service Provider (CASP). This registration will allow eToro to offer crypto services across the European Union once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect in late 2024. MiCA is an effort to harmonize crypto […]

Alameda Research Engineer Reveals Firm Behind October 2021 Bitcoin Flash Crash

A former engineer of Alameda Research, Aditya Baradwaj, revealed that the trading firm was behind the Bitcoin flash crash in October 2021. According to Baradwaj, an Alameda trader mistakenly entered a Bitcoin sell order with the decimal point off by a few spaces, selling the crypto for a fraction of its price at the time. […]

Bybit Suspends Services in UK Ahead of FCA Deadline

Bybit, a Dubai-headquartered cryptocurrency exchange, has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority (FCA). Starting October 1, Bybit will no longer allow new account applications, followed by the suspension of new deposits, new contracts and changes to positions for existing users on […]

eToro Secures Crypto Asset Service Provider Registration in Europe

Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), which will authorize it to offer regulated crypto services to all countries in the European Union from one single entity […]

Alchemy Pay Secures Money Transmitter License in Arkansas, Expands Global Presence

Alchemy Pay, a cryptocurrency payment gateway, has recently acquired a Money Transmitter License in the state of Arkansas, USA. This license allows the company to offer a wide range of financial services, including the sale and issuance of payment instruments, stored value, prepaid access, as well as the receipt and transmission of money, virtual currency, […]

Bit Trade Facing Legal Action from ASIC for Neglecting Design and Distribution Obligations

The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. ASIC alleges that Bit Trade neglected to establish a target market determination before offering its margin trading product to Australian clients, in violation of design and distribution requirements for financial product providers […]

OKX Successfully Completes SOC 2 Type II Audit

OKX, a leading crypto exchange and Web 3.0 technology company, announced today that it has successfully completed the SOC 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report is one of […]

SEC Issues Warning: Crypto Charges Imminent

David Hirsch, the United States SEC crypto enforcement chief, has issued a warning that more punishment and charges are imminent for the crypto industry. Hirsch made it clear that the regulatory body has not yet exhausted its arsenal when it comes to the crypto space. Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch […]