A crypto exchange functions similarly to online brokerage platforms, giving you the tools you need to buy and sell digital currencies and tokens such as bitcoin, ethereum and dogecoin.
The US Securities and Exchange Commission is again bringing charges against Kraken. The US crypto exchange only settled a costly legal dispute with the authorities in the spring. The new allegations use a well-known scheme. Why is the SEC bringing charges against Kraken? The US Securities and Exchange Commission is filing charges against crypto exchange Kraken, according…
It’s like a crypto storm is sweeping over the Alps. A change is looming in the picturesque expanses of Austria that could shake the financial world. But before we delve into the depths of the crypto vortex, let’s pay a visit to a company that is about to enter the scene: Bitvavo. Bitvavo receives Austrian license Born…
Binance withdraws its application for a crypto license in Germany. The background is changes in the market and the regulations. Conflicts with the German financial regulator BaFin were already apparent in advance. Uniform requirements through the new law MiCA wants to use the crypto exchange to get the license soon anyway. Why crypto exchange is withdrawing the crypto…
Concern about Binance is spreading. Rumor has it that management is fleeing the company. The background to this is regulatory conflicts that are constantly increasing. The management staff is dissatisfied with the reaction of the managing director CZ and is therefore now pulling the ripcord. Those affected deny the thesis. Binance: Is management fleeing the company? Is the management…
Another blow hits Binance. An important partner bank in the euro area distances itself from the crypto exchange. Existing problems of the world market leader could deepen in this way. The background is apparently the smoldering regulatory conflict in the USA. Binance under pressure Another blow hits Binance Another blow hits the crypto exchange Binance. The world market leader…
It is a hard blow for the world’s largest crypto exchange Binance: According to exclusive information from “Finance FWD”, the German financial regulator BaFin has denied the company the coveted license. A refusal that significantly slows down the company’s expansion plans in Germany. No BaFin license for Binance in Germany Jonas Jiinger, who took over as…
Brazil raises allegations against Binance. The world’s largest crypto exchange is exposed to regulatory attacks in more and more countries. The South American state suspects deliberate involvement in multiple fraud. That is why Brazil is now making allegations against Binance The drama surrounding the world’s largest crypto exchange Binance does not stop. Now another country, Brazil, is making allegations against…
In September 2021, crypto exchange KuCoin wiped out several million US dollars in Ethereum and Tether. To this day it remains a mystery why this happened. Apparently it is a system-internal or a human error. Why KuCoin Burned Millions of Dollars in Ethereum Crypto exchange KuCoin burned millions of dollars in Ethereum over a three-day period in September. To date,…
The FTX token course is having an incredible explosion. In just over 24 hours, the market value of the supposedly failed FTT increases by 100 percent. There is still no end in sight. It is possible that the soaring will continue for quite some time. FTX token price explosion In November, the former second largest crypto exchange collapsed. The…
The conflicts surrounding the crypto industry are reaching new proportions within the United States of America. Due to increasing regulatory strictness, the crypto exchange Bittrex is now also leaving the USA. In this way, the company apparently wants to avoid attacks by US authorities. Crypto exchange Bittrex is leaving the US due to growing conflicts Bittrex is…
Yesterday the first day of trial of the indictment against SBF began. The FTX founder pleaded not guilty in court. Authorities imposed further restrictions on him after funds were transferred from FTX Group wallets. Further negotiations will not take place until October. Charges against SBF: FTX founder pleads not guilty Sam Bankman-Fried (mostly SBF ) founded his trading company Alameda…
Crypto exchange Kraken violated sanctions imposed on Iran by the US Treasury Department. As a result, US authorities are now demanding a fine of $362,000. Crypto exchange violates US sanctions on Iran The US Treasury Department has fined San Francisco, California-based crypto exchange Kraken $326,158. This emerges from a document from the US authority . The reason for the…
The insolvent crypto exchange FTX reports on unauthorized access. The crypto exchange hack is said to be responsible for the loss of $600 million worth of cryptocurrencies. Customers should refrain from further use of the services. FTX reports unauthorized access After the former second largest crypto exchange had already slipped into insolvency over the past few days , it…
BlockFi was already struggling with insolvency in the summer. The then second largest crypto exchange became aware of the company and offered a takeover. In contrast, one supplies capital. Now FTX also crashes and brings the lender to the abyss again. The crypto exchange goes out of business Several crypto lending services are faltering in the summer . This includes BlockFi. Compared…
With FTX, the next big crypto exchange wants to enter the stablecoin business. Some competitors already provide such an offer. According to founder and managing director Sam Bankman-Fried, they are currently only in the process of finding a suitable partner. Stablecoin only a matter of time Forefather Tether (USDT) and main competitor USD Coin (USDC) are the two largest…
Google adopts cryptocurrencies and wants to accept transactions in the form of Bitcoin and Co. from next year. The company uses a payment system from the crypto exchange Coinbase for this . Google uses Coinbase Commerce for cloud services Google will use the Coinbase Commerce payment service, which is operated by the US crypto exchange Coinbase, from 2023. This…
The crypto exchange Crypto.com has now been certified by the global consulting and auditing company Deloitte as the most secure crypto platform in the world. The Singapore-based crypto trading and investment platform passed the internationally recognized “Service Organization Control 2 Audit” – “SOC 2” for short – in a historic premiere. This means that Crypto.com’s information security…
Digital assets derivatives exchange FTX has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions in the country. Online media Blockworks reported Thursday, citing 29-year-old billionaire FTX CEO and Founder Sam Bankman Fried, that the company has departed from Hong Kong and currently operate as Nassau-based in the Bahamas. Sam Bankman Friedindicated that…