SEC charges fund adviser Galois Capital for FTX crypto custody

BitPay apparently screened merchants but not customers. 3749 Total views 10 Total shares BitPay will have to pay the U.S. Treasury's Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions. In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated "approximately $129,000 worth of digital currency-related…

Traditional finance observes “money laundering happening every day” despite rigorous KYC measures, according to DeFi industry execs. 201 Total views 1 Total shares Own this piece of history Collect this article as an NFTDeFi execs at the World of Web3 (WOW) Summit in Hong Kong argued that implementing “Know Your Customer” (KYC) measures will tackle…

Europe’s largest telecoms company by revenue has tapped Coinbase Custody for its Celo tokens. 335 Total views 167 Total shares Coinbase Custody, the crypto custodial solution offered by United States exchange giant Coinbase, has been chosen by Deutsche Telekom to store its Celo tokens.According to a release issued on Monday, the telecoms giant identified the…

The Monetary Authority of Singapore (MAS) has prevented a local initial coin offering (ICO) from launching a security token offering (STO) in the country. The development was detailed in an announcement published Thursday, Jan. 24.Under the current rules, all STOs have to comply with Singapore’s securities laws and are obliged to register with the MAS.…

Venture capital investor Tim Draper reaffirmed his prediction that the Bitcoin (BTC) price will reach $250,000 by 2022, during a panel discussion at the Web Summit summit conference Nov. 6Draper initially predicted that the BTC price will surge up to $250,000 in April of this year. “Believe it, it’s going to happen – they’re going…

Xi Jinping addressed the World Internet Conference Summit, saying there is a need to “deepen” exchanges and cooperation on an international level on AI challenges and cyberspace development. 2108 Total views 4 Total shares Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China, calling for

The plaintiff, known as Don Holland, has filed a lawsuit against CryptoZoo and Logan Paul, alleging his "fraudulent venture" executed a "rug pull." 239 Total views 3 Total shares Own this piece of history Collect this article as an NFTCryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which…

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).Similarly to a previous repayment in July 2019,…