OKX pleads guilty, pays $505M in penalties to settle DOJ charges
OKX’s Aux Cayes FinTech Co. Ltd agreed to pay over $500 million worth of fines for operating an unlicensed money-transmitting business.
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Ripple CEO: Moneygram Using XRP a Bigger Deal Than Facebook’s Libra
Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June.As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its…

Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. 191 Total views 3 Total shares The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and

Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500.The most likely culprit was an unexpected transfer…

Report: Postmates founder Bastian Lehmann launches crypto startup
Although details surrounding the venture remain unknown, its website states the firm seeks to provide "consumer finance solutions for an emerging web." 181 Total views 11 Total shares According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry with the creation of a new startup called "TipTop…

Blockchain tech is holding NFTs back because of these three design flaws
Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places.Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking…

Chia raises $61M for ‘eco-friendly’ crypto despite critics
Chia Network has raised $61 million in funding from leading tech investors including Andreesen Horowitz and Naval Ravikant for its supposedly eco-friendly crypto network. 14171 Total views 7 Total shares Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global…

Max Keiser: Bitcoin’s first function is to clean up the mess left by fiat
International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region.With a talk entitled "Why Bitcoin Matters in Emerging Markets," Keiser took the stage in his casual style, with…

Crypto Markets Turn Red, With BTC Price Stuck Below $8,100
Tuesday, Oct. 22 — Crypto markets are mostly showing red candlesticks, while Bitcoin (BTC) fails to impress with a sudden drop below the $8,100 price point.Cryptocurrency market daily overview. Source: Coin360Bitcoin was trading above the $8,200 price mark for the better part of the day, but has dipped below $8,100 in recent hours. The world’s…