Category: Exchanges

Crypto.com Exchange Acquires CySEC-regulated Broker, Plans to Offer CFDs in Q3 2025

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Cryptocurrency exchange Crypto.com has obtained a Markets in Financial Instruments Directive (MiFID) license through its acquisition of Cyprus-based A.N. Allnew Investments Ltd, the operator of LegacyFX trading brand, the company announced today (Wednesday). The acquisition, approved by the Cyprus Securities and Exchange Commission (CySEC), allows Crypto.com to offer a broader range of traditional financial products to eligible users across the European Economic Area (EEA), including securities, derivatives, and contracts for difference (CFDs). Crypto.com Acquires Allnew Investments, Secures MiFID License for European Expansion The move follows Crypto.com’s January 2025 acquisition of…

Trump Tower Dubai Embraces Cryptocurrency Payments via Deus X Pay

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Deus X Pay, an institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East. The new $1 billion Trump Tower Dubai, unveiled through partnership with London-listed Dar Global,marks a breakthrough in global luxury real estate. Eric Trump, Executive Vice President of the Trump Organisation and son of US President Donald Trump, has recently announced that Bitcoin and other digital currencies will be accepted…

India’s Supreme Court urges government to regulate cryptocurrency

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India’s Supreme Court has questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the growing use of Bitcoin (BTC) and other cryptocurrencies while remaining largely unregulated. “This is a whole parallel economy running with such coins and is a danger to the economy of the country,” Justice Surya Kant reportedly said during a recent hearing related to an ongoing investigation into a Bitcoin transaction. Kant further highlighted that…

Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange

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It’s been a long road for entrepreneur Laban Roomes and his footballer-turned-crypto founder son Kain, but their XRP Healthcare startup is in the process of going public on the Canadian stock exchange. They co-founded the Dubai-incorporated company with the goal of modernizing healthcare in Africa by combining crypto infrastructure, artificial intelligence, and real-world services. It operates a digital healthcare platform as well as a chain of pharmacies in Uganda using the XRP Ledger to track pharmaceutical supplies and patient outcomes. “In the West, we take reliable pharmacies and access to…

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

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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

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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

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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

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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

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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…