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Coinbase International Exchange launches amid SEC crypto crackdown in the US

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with a global derivatives platform.On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading.The CIE will start trading by listing Bitcoin

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UAL Shares Up 2%, United Airlines Reports Net Loss in Q1 2023 but Projects Strong International Demand in Q2

United Airlines reported that its total capacity went up by approximately 23.4 percent during the first three months of the year. United Airlines Holdings Inc (NASDAQ: UAL) announced its first-quarter (Q1 2023) financial results on April 18. According to the announcement, the company recorded a $256 million pre-tax loss for the

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar – Economics Bitcoin News

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer

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International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison – Regulation Bitcoin News

An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland — with Europol’s support. International Operation Takes Down Chipmixer The

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Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International

Nevertheless, there are still ways to move tens of thousands in cash across the Russian border without declaring them at customs control. For instance, you could buy the tether (USDT) stablecoin for cash in Moscow and then selling it for cash in London. No registration, no identity verification, no licenses,

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India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade – Economics Bitcoin News

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade

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Mirror Trading International Liquidators Spent More Than $6 Million on Lawyers and Investigators – Africa Bitcoin News

Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of

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