Tue, January 20

Gemini Founders Eyeing UK as Potential Global Headquarters

Due to the unfriendly atmosphere in the United States, the Winklevoss twins are considering establishing their crypto empire in the United Kingdom. The twins Tyler and Winklevoss, who founded the cryptocurrency exchange Gemini, recently stated that they had met with representatives from the Financial Conduct Authority and the Bank of

May 24, 2023 1 min read

Mandamus Petition Filed Against U.S SEC by Coinbase

Coinbase, the largest cryptocurrency exchange, has filed a writ of mandamus against the US Securities and Exchange Commission (SEC), ramping up its ongoing conflict with the SEC. The necessity for standardized regulations and norms for the cryptocurrency industry in the United States has been the source of contention for months,

May 24, 2023 1 min read

Philippines Regulator Issues Warning to Gemini Over Unauthorized Operations

In the Philippines, officials issued a warning to Gemini, a cryptocurrency exchange, for operating an unauthorized derivatives exchange. According to Bloomberg, the provincial stock market authority in the nation censured the company for doing business without the proper licenses. There are already plenty of problems for businesses operating in the

May 23, 2023 1 min read

Binance U.S Head of Investigation Added to Russia’s Sanction List

Binance’s U.S. Head of Investigation BJ Kang was recently added to Russia’s list of 500 sanctioned individuals after the company hired him in October of last year. Vladimir Putin has a black list that includes many Americans, including New York’s Attorney General, Letitia James. Russia has retaliated against the United

May 23, 2023 1 min read

FTX 2.0 Confirmed: Rebirth of the Doomed Crypto Exchange FTX?

FTX CEO John Ray III confirms the plans to reboot the operations of the ‘dead FTX’ exchange. On Monday, a court filing involving FTX Trading Ltd. at the United States Bankruptcy Court for the District of Delaware revealed the FTX 2.0 plans to the limelight. Significantly, the filing report clearly

May 23, 2023 2 mins read

Malaysian Regulator Charges Huobi of Running DAX Without Registration

On Monday, the Securities Commission of Malaysia (SC) said that it has filed charges against Huobi Global Limited and its CEO, Leon Li, for illegally running a DAX. The crypto exchange was urged by the Commission to remove access to its website and mobile app in the nation. The Malaysian

May 22, 2023 2 mins read

Binance’s Brazilian Partner Secures Payments Institution License

Local media in Brazil reported on May 19 that Binance’s Brazilian payment processor, Latam Gateway, has been awarded a license by the country’s central bank to function as a payment institution and electronic money issuer. In a recent statement, Binance said that Brazil is one of its most promising international

May 21, 2023 2 mins read

SBF and Top Exec Sued by FTX’s Legal Team Over Embed Acquisition

Former FTX CEO Sam Bankman-Fried (SBF), co-founder Zixiao Wang, and executive Nishad Singh are being sued by FTX’s legal team. The stock-clearing platform Embed was acquired for $220 million, which is at the heart of the complaint. The attorneys claim that no proper due diligence was performed before the deal

May 20, 2023 1 min read

Acquisition of FTX Subsidiary LedgerX Completed by MIAX

LedgerX, one of the FTX assets that were court-approved for sale in January, has been acquired by the Miami International Securities Exchange (MIAX), operated by Miami International Holdings (MIH). U.S. government agencies oversee LedgerX since it is an exchange and clearinghouse. In a statement, MIH CEO Thomas Gallagher said that

May 20, 2023 1 min read

Singapore-based Whampoa Group All Set To Open Digital Bank in Bahrain

On May 18, the Economic Development Board of the Kingdom of Bahrain announced that the Whampoa Group, a Singaporean family office, will establish a digital bank in the country. The Group plans to launch the bank before the end of the year, targeting customers all around the world. In addition

May 19, 2023 2 mins read
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