Markets

Major crypto trading platform Bybit recently invited global university students to show off their creativity by designing official merch, and it is offering $50,000 in USDT. The amount represents the total prize pool from which the winners will be rewarded,...

The Financial Industry Regulatory Authority (FINRA) recently slapped Barclays Capital Inc. with a $1 million fine for repeatedly botching its net capital calculations. According to the regulator, the bank’s net capital calculations ended up being repeatedly wrong during the first...

Checkout.com, a UK-based payment processing firm, recently decided to cut nearly a quarter of its staff following a major drop in revenue. The company’s accounts for 2023 show that Checkout.com saw its processing transactions go down by 13%, to $204...

According to a recent report by the Russian state news agency, TASS, the country’s largest bank, Sberbank, was ordered by Putin to collaborate with China on the development of AI-based services. The report stated that the Russian president ordered the...

The US Treasury and the Internal Revenue Service (IRS) are facing legal action from multiple blockchain trade groups over the recently introduced rules involving cryptocurrency brokers. Recently, the Treasury and the IRS released new rules that did not sit well...

The French esports team Team Vitality has revealed a new jersey for this year, created in partnership with the Danish sportswear company Hummel. The new jersey features the team’s signature colors and identity, along with Hummel’s well-known chevron design. Fans...

China’s authorities ended the previous year by launching a new set of rules for the local banks which will require them to flag risky transactions, including those that involve cryptocurrencies. As a direct consequence of the new rules, it will...

The co-founder and former CEO of Terraform Labs, Do Kwon, was finally extradited to the US nearly two years after being arrested by the authorities in Montenegro. The move comes only days after the country’s Justice Minister Bojan Božović approved...

The US Department of Justice and Federal Trade Commission recently launched legal action against the UK-based mobile banking app known as Dave. The lawsuit claims that the app misled its customers regarding its charges. Furthermore, the suit alleges that the...

Alpha Group International shared that Clive Kahn has started as the new Chief Executive Officer (CEO) of the company. He took over from Morgan Tillbrook, who stepped down on 31 December 2024. Kahn's appointment was expected, as Alpha Group had...

The Justice Department and the Federal Trade Commission (FTC) have filed a lawsuit against Dave Inc. and its Co-Founder, Leader, and Chairman, Jason Wilk. The lawsuit claims that Dave and Wilk have broken laws by misleading consumers and charging hidden...

A major crypto payments company MoonPay recently received regulatory approval to operate as a licensed cryptocurrency business in the Netherlands under the MiCA regulatory framework. The firm’s license was issued by the Dutch Authority for the Financial Markets yesterday, December...

One of Solana’s co-founders, Stephen Akridge, who is also a former principal engineer at Solana Labs, is currently facing a lawsuit filed by his ex-wife, Elisa Rossi. Rossi filed a lawsuit in San Francisco’s Superior Court, claiming that Akridge secretly...

The British Colombia Supreme Court recently announced that Earle Douglass Pasquill, a man who carried out one of the largest investment frauds in the region, has failed to comply with the court’s past order. The order revolved around remittances on...

The Cyprus Securities and Exchange Commission (CySEC) recently issued updated guidance for Crypto-Asset Service Providers (CASPs). The new set of rules outlines the obligations that concern the crypto industry under the transitional provisions of the MiCA regulations. According to the...