Markets

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...

The US tax agency, the Internal Revenue Service (IRS) recently finalized a new set of regulations that now require brokers to report digital asset transactions after decentralized finance (DeFi) platforms got integrated into the existing tax framework. The rules are...

It has been around 18 months since Do Kwon, the co-founder and former CEO of Singapore-based Tarraform Labs, was arrested in Montenegro after being caught trying to leave the country with a fake passport.  Now, the Montenegro Minister of Justice,...

Payments giant Mastercard recently agreed to acquire Recorded Future, a global threat intelligence company owned by Insight Partners. The acquisition will cost the payments firm $2.65 billion.  From Mastercard’s point of view, the acquisition is a great move as it...

XTB, a fintech firm headquartered in Poland, recently received two new regulatory approvals to conduct operations — one in Indonesia, and another in the United Arab Emirates (UAE). As a result, the company gets to continue with the expansion of...

Deutsche Bank’s subsidiary, Deutsche Bank Securities Inc., recently agreed to pay a $4 million civil penalty following the US Securities And Exchange Commission’s (SEC) charges for not filing the Suspicious Activity Reports (SARs) within a period of time designated by...

Jefferies LLC, one of Wall Street’s heavyweights, recently settled with the Financial Industry Regulatory Authority (FINRA) and several exchanges over the allegations regarding the company’s failure to meet regulatory requirements between January 2018 and September 2022.  The settlement has obligated...

Banco Davivienda, a prominent Colombian financial institution under Grupo Bolívar, is reportedly negotiating the acquisition of Scotiabank's operations in Colombia and Central America. This potential transaction aligns with Scotiabank's strategic shift towards focusing on developed markets, as outlined by President...