Tag: Exchange

Russia nears crypto exchange trials to bypass sanctions: report

Russia is said to begin trials of crypto exchanges and token transactions for cross-border payments to mitigate the impact of international sanctions. Russia appears to be days from starting trials of crypto exchanges and token transactions for cross-border deals in a bid to bypass challenges faced under international sanctions, Bloomberg has learned, citing sources familiar with the matter. The trials, scheduled to start on Sept. 1, will involve using the National Payment Card System to facilitate the exchange between Russian rubles and cryptocurrencies, the sources say. This initiative follows recent…

Kraken Says Exchange Will Win Against SEC, Urges Congress To Pass Comprehensive Regulatory Framework for Crypto

boss

Kraken says the crypto exchange is confident it will win its legal battle with the U.S. Securities and Exchange Commission (SEC). Last week, U.S.; District Judge William H. Orrick denied Kraken’s request to dismiss the case filed by the SEC alleging that the exchange violated securities laws. The regulator alleges that Cardano (ADA), Algorand (ALGO), Solana (SOL) and several other coins traded on Kraken are “crypto asset securities.” Kraken’s chief legal officer Marco Santori says that while Judge Orrick decided to keep the case going, the exchange anticipates winning against…

Story Protocol, Sorella, BSX Exchange

The crypto VC community turned out for several startups this week, including Story Protocol’s $80 million series B funding round. The week, between Aug. 18 and Aug. 24, has been buzzing with activity in the crypto venture capital space. According to crypto funding tracker Crypto Fundraising, 32 blockchain startups raked in more than $202 million from various investors in that period. Below we look at a few of the standouts. Story Protocol, $80 million Story Protocol raised $80 million in its series B round. Serial crypto VC firm Andreessen Horowitz…

Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan

boss

Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency. Sleeve Sponsorship Enhances […] Source

300,000 Ethereum Transfer Sparks Shock At Leading US Exchange

boss

In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Related Reading Ethereum: Market Reaction And Speculation Big movements typically spark speculation. Large cryptocurrency flows into Coinbase mean the sender may be selling. Increasing availability could lower market prices. Despite Ethereum’s 3.25% 24-hour increase, huge transactions keep traders apprehensive. 🚨…

Judge Denies Kraken’s Request To Dismiss SEC Claims Alleging the Exchange Operated As Unregistered Securities Broker

boss

A judge shot down Kraken’s request to dismiss claims made by the U.S. Securities and Exchange Commission (SEC) alleging the exchange violated securities laws. Last November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, positing that the SEC’s claims would widen the definition of investment contracts and expand the regulator’s jurisdiction outside of its delegated responsibility. On Friday, US District Judge William H. Orrick denied the…

Kraken Crypto Exchange Fined by Australian Court

boss

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […] Source

Crypto Exchange Giant Ramps Up Compliance Hiring, Spends $200 Million

boss

Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges…