Cryptocurrency Analysis and News Portal
A majority part of the seized assets include 55.3 million shares of Robinhood with its current worth of around $526 million.Last week, prosecutors from the United States seized a staggering $700 million worth of assets owned or belonging to the collapsed crypto exchange FTX and its disgraced founder Sam Bankman-Fried
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The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.In a document dated Jan. 12, Nexo filed a lawsuit against the Cayman Islands Monetary Authority, or CIMA, for denying its registration
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Gemini Earn customers loaned their crypto deposits to Genesis, which then lent them out in exchange for offering Gemini customers a high yield on their deposits. In November, however, Genesis froze withdrawals, leaving an estimated 340,000 Gemini Earn customers and $900 million in crypto up in the air. Original Source
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Bnance has registered with Sweden's Financial Supervisory Authority, making the Nordic country the seventh European jurisdiction in which the crypto exchange has been granted approval. Source
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The SEC has written to Chief Executive Officer Akalarp Yimwilai on Dec. 28, 2022 of the company possibly violating local business rules for crypto service providers, noting Zipmex may have been operating as a crypto fund manager "without permission," the report said. Source
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During Hong Kong FinTech Week, held in early November, he asked one of his staff whether he should get his first virtual asset. The bureau is piloting a non-fungible token (NFT) offering – one of a few pilots the regulator is rolling out, along with tokenizing green bonds and a
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Financial authorities in Germany are raising the alarm amid the rapid spread of a new financial malware affecting banking and cryptocurrency applications.Germany’s Federal Financial Supervisory Authority (BaFin) released an official statement on Jan. 9, warning consumers of “Godfather,” a malware collecting user data in banking and crypto apps.BaFin emphasized that
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The Financial Markets Authority joins the country’s central bank and Senate in seeking to anticipate new EU laws. Source
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The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission is disappointing,” the Bahamian regulator stressed. Bahamas Regulator and
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Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were
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