Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […] Source
Retail trading giant Robinhood is acquiring crypto exchange Bitstamp for hundreds of millions of dollars despite receiving a Wells Notice by the U.S. Securities and Exchange Commission (SEC) earlier this year. According to a new press release, Robinhood has agreed to purchase Bitstamp, a prominent crypto exchange platform founded in 2011 that holds over 50 active licenses and registrations globally, for $200 million. As stated by Johann Kerbrat, Robinhood’s general manager of crypto, “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and…
Robinhood (NASDAQ:HOOD), the popular stock-trading app, is expanding its presence in the cryptocurrency market with the acquisition of global crypto exchange Bitstamp for approximately $200 million. The transaction is expected to finalize in the first half of 2025. Robinhood, traditionally known for enabling everyday consumers to trade stocks, has been gradually increasing its involvement in the cryptocurrency sector. The company supports various popular cryptocurrencies, including Bitcoin, though it has previously restricted some due to U.S. regulatory scrutiny. The acquisition of Bitstamp aligns with Robinhood’s strategy to deepen its crypto offerings…
Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager…
US Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered a cautionary message to cryptocurrency exchanges, underscoring that merely providing disclosures to investors does not immunize them from regulatory scrutiny. Crypto Disclosure Gaps and Regulatory Concerns Speaking in an interview with CNBC yesterday (Wednesday), Gensler stressed the inadequacy of disclosures alone, especially if crypto exchanges are involved in activities like market manipulation or dissemination of misleading information affecting investment decisions. He highlighted the prevalent absence of disclosures from numerous crypto firms, operating in a manner that would not meet the…
Backed by major financial institutions like Blackrock and Citadel Securities, TXSE Group Inc. has announced its plan to launch the Texas Stock Exchange (TXSE) in Dallas. This new exchange will provide a platform to trade and list public companies and exchange-traded products. With a capital raise of approximately $120 million, TXSE stated that it is […] Source
The Chair of the U.S. Securities and Exchange Commission (SEC) says that crypto exchanges are doing what the New York Stock Exchange (NYSE) would never be allowed to do. In a new interview on CNBC’s Squawk Box, SEC Chair Gary Gensler says that crypto exchange platforms are not giving investors the proper disclosures required by the law and could be trading against consumers. “Right now, without prejudging anyone, these tokens have not given you the disclosures that you not only need to make your investment decisions but also that are…
The exchanges delisted the token in 2019, in what BSV Claims argues was collusion in anticompetitive behavior. As a result token holders missed out on potential gains of more than 9 billion pounds, the firm said. It calculated the loss by looking at gains made by other cryptocurrencies since then, BitMEX Research said. Source
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full reimbursement for affected customers, DMM Bitcoin plans […] Source
The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston. Tim Warner | Getty Images Sport | Getty Images BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas. TXSE Chairman and CEO James Lee said the Dallas-headquartered group has raised $120 million with the support of more than two dozen investors. “Texas’s booming economy and the strong economic and population growth among states in…