Category: Exchanges

Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack

boss

An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin (BTC), alongside the mansion and car, which are together worth a total of 4.5 million Australian dollars ($2.88 million). The AFP said its investigation began in September 2018 after law enforcement in Luxembourg shared information about suspicious Bitcoin…

Crypto Exchanges Oppose Brazil’s Stablecoin Self-Custody Ban

boss

Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive and explain that this move might push companies to operate offshore. An alternative proposal that substitutes the proposed ban with a reporting system was also recently floated. Exchanges Say Stablecoin Self-Custody Ban Proposal Could Push Crypto Offshore in Brazil The […] Source

AUSTRAC Fines Crypto Exchange Cointree for Reporting Failures

boss

The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting The Australian financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing […] Source

Bankrupt Crypto Exchange FTX To Shell Out $5,400,000,000 to Creditors at the End of the Month

boss

The bankrupt crypto exchange FTX plans to shell out $5.4 billion in a wave of payments to creditors at the end of the month. Eligible creditors will receive funds via BitGo or Kraken within 1-3 business days from May 30th, per a new press release from the exchange. FTX will make payouts from its $11.4 billion cash reserves, and the exchange says subsequent payouts will be announced at a later date. The bankrupt firm classifies its main creditors as individuals and institutions with millions of dollars stashed in the platform…

Webull Pay Joins Forces With Leading US-Based Exchange Coinbase To Power Crypto Services

boss

A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services. In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase’s Crypto-as-a-Service (CAAS) platform. Says Coinbase, “As Webull Pay’s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase will provide Webull Pay access to tight spreads, deep liquidity, secure infrastructure, and crypto products with the potential to earn income – all using the same technology trusted by…

Crypto Exchange CEO’s Daughter and Grandson Narrowly Escape Kidnap Attempt by Armed Gang in France: Report

boss

Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene. But the woman, the daughter of France-based crypto exchange platform Paymium CEO and…

European Exchanges Push to Curb IPO Flight to U.S Over Risks and Costs: Report

boss

As more European companies eye Wall Street for their debut listings, exchanges on the continent are mounting a counteroffensive. With IPO volumes already depressed, operators like Deutsche Boerse and Euronext are pressing to change the narrative that New York guarantees better value for newly public firms, Reuters reported. Citing a document circulated among German firms and IPO advisers, Deutsche Boerse cautions against the hype surrounding U.S. listings. It warns of weak post-IPO performance, steeper legal costs, and greater litigation risks tied to U.S. markets. Hype Surrounding US Listing The exchange…

Masked Men Target Cryptocurrency Heiress in Brazen Paris Abduction Bid

boss

The daughter of a prominent cryptocurrency executive narrowly escaped an attempted kidnapping by masked assailants in central Paris on Tuesday morning, with police linking the incident to organized crime. Paris Anti-Gang Unit Probes Daylight Abduction Attempt Linked to Crypto Industry The 34-year-old woman, whose father leads a major cryptocurrency exchange, was targeted around 8:20 a.m. […] Source

Interactive Brokers Adds ETF Tracking Dividend-Paying Stocks on Hong Kong Stock Exchange

boss

Interactive Brokers has added a Hong Kong-focused dividend ETF to its no-transaction-fee lineup. According to the company, the move deepens the firm’s global reach and provides cost-conscious access to a pool of high-dividend stocks in one of Asia’s financial hubs. “Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,” commented Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. “Adding the HK Dividend ETF gives investors another flexible tool to expand their global exposure.” Targeting Dividend-Paying Hong Kong Stocks The newly listed Ping…