Markets

The company operating the OKX cryptocurrency exchange has agreed to pay more than $504 million in fines and fees after admitting to violations of United States anti-money laundering laws. Aux Cayes Fintech, which runs OKX, pleaded guilty to operating an...

DeFinity Markets is a platform that offers digital asset trading and fiat solutions for institutional clients. The company recently announced its partnership with a crypto operations platform Utila, which offers its services to various enterprises.  The goal of the collaboration...

The Ethereum Foundation recently donated $1.25 million to Tornado Cash and its developer, Alexey Pertsev, to assist in their upcoming legal battle. Pertsev is currently preparing to appeal his conviction involving money laundering. The Ethereum Foundation publicly announced the donation,...

Aux Cayes Fintech, the operator of the popular crypto exchange OKX, recently pled guilty to one count of operating an unlicensed money-transmitting business. In doing so, the company admitted to breaking US anti-money laundering (AML) laws, and will now have...

Jeremy Allaire, the co-founder of Circle, recently stated that he thinks stablecoin issuers from around the world should be required to register with the US authorities. Not only that, but he believes that this should be a requirement regardless of...

Crypto exchange Bybit, which just last week suffered a $1.4 billion hacking attack, received great news recently after the UAE regulator, the Securities & Commodities Authority (SCA) granted it In-Principle Approval (IPA) to work as a Virtual Asset Platform Operator....

Flanks, a wealth management company based in Barcelona, recently concluded an equity round aimed at raising funds for the firm’s expansion across Europe. The round was led by Motive Ventures, which was also joined by a number of other big...

A popular stablecoin payments platform Infini recently suffered what is believed to be an insider exploit. The platform lost $50 million to a former developer who allegedly retained admin privileges after completing work on the project. The report came from...

Charlie Javice, the founder of a fintech Frank, who allegedly defrauded JP Morgan Chase into buying the firm, is now facing trial according to new reports. Javice was accused of securities fraud, bank fraud, wire fraud, as well as conspiracy...

Robinhood announced recently that the US Securities and Exchange Commission is ditching its investigation into the company’s crypto arm.  The announcement came only a few days after reports that the SEC has also decided to give up on its case...

The United Kingdom’s court recently approved Mastercard’s £200 million settlement of a class action lawsuit brought on behalf of the country’s consumers. The green light was given by the Competition Appeal Tribunal. Initially, the payments giant reached a deal with...

The UK Government is deciding whether or not to abolish its Payment Systems Regulator (PSR), in which case it would be folded into the Financial Conduct Authority (FCA). The Payment Systems Regulator has been operating as a subsidiary of the...

Aux Cayes FinTech Co. Ltd, a parent company of the popular crypto exchange OKX, recently pleaded guilty to compliance failures identified in an investigation led by the US Department of Justice (DOJ). The firm admitted to operating an unlicensed money-transmitting...

Swiset has announced new trading technology to help brokers and proprietary firms work better. The company said the new tools will improve risk management, efficiency, and scalability. These updates will be shown at the Money Expo Mexico on February 26....

Trive South Africa welcomed Jimmy Moyaha as its new Non-Executive Director. The company brought in Moyaha, a financial expert, to strengthen its leadership team. He is the Founder and Managing Director of Lebowa Capital. Moyaha has been active in South...