Tag: Exchange

Forx Credit Gets Real-Time Upgrade as 24 Exchange Teams With CobaltFX

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FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin In this interview, Greg Rubin, Head of Axi Select, and Jeffrey Patterson, Head of Customer Success at Finance Magnets, discuss Axi Select’s unique trading programme. Discover how Axi Select blends the benefits of a prop firm…

Hong Kong Regulator Greenlights Staking Services for Licensed Crypto Exchange Platforms

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Hong Kong’s Securities and Futures Commission (SFC) has greenlit staking services for licensed digital asset exchanges. On Monday, the regulator issued regulatory guidance for the new services, noting that staking comes with potential benefits, such as enhancing the security of blockchain protocols while enabling users to earn yields for their participation. The SFC says that regulated entities should take precautions to manage investor risks. “They should maintain measures to effectively prevent errors associated with the services, safeguard staked client virtual assets, and ensure proper disclosure of risks to which such…

What is Mt Gox? | The rise and fall of Mount Gox Bitcoin exchange

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The downfall of Mount Gox, once the biggest cryptocurrency exchange, is a lesson in what can go wrong. It took 10 years after the platform’s collapse for creditors to start getting their compensation.  But this disaster pushed the entire crypto industry to rethink its approach to security. What is Mt Gox? The story of Mt Gox began in 2007, long before Bitcoin and cryptocurrency were even on the radar. That year, developer Jed McCaleb created a platform called Magic: The Gathering Online Exchange (MTGOX) on the website mtgox.com, designed for…

Binance Exchange Lands WorldPay Partnership, Here’s the Big Catch For Users

Key Notes Binance has partnered with Worldpay to enable Apple Pay and Google Pay for crypto purchases directly on its platform. The integration aims to make crypto access easier, especially for unbanked and mobile-first users worldwide. Over 1,000 payment methods and over 125 fiat currencies are now supported as Binance expands its global reach. Leading cryptocurrency exchange Binance has announced a strategic partnership with Worldpay, a global payment technology provider. The collaboration between the two firms will allow users to purchase crypto using Apple Pay and Google Pay directly through…

Malta Slaps OKX Crypto Exchange With $1,155,000 Fine Over Anti-Money-Laundering Violations

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The crypto exchange OKX is dealing with more regulatory issues. Malta’s Financial Intelligence Analysis Unit (FIAU) slapped the exchange with a €1.054 million fine ($1.155 million) for multiple compliance violations, including “failing to adequately assess” money-laundering/terrorism-financing risks associated with its products. The FIAU, which probed the exchange in 2023, also claims OKX didn’t conduct reliable customer risk assessments (CRAs). “The company was found to have failed to carry out a CRA upon establishing a business relationship for around 50% of the customer files reviewed as part of the compliance examination.…

Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws. Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3. While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were…

Crypto Exchange Gemini Discussing Resolution of $900,000,000 Lawsuit With SEC

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The crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss may soon witness the end of its legal dispute with the U.S. Securities and Exchange Commission (SEC) over its now-defunct cryptocurrency asset lending program. In January 2023, the securities regulator filed a lawsuit claiming that Gemini and cryptocurrency lender Genesis Global Capital violated securities laws through the Gemini Earn program, which allowed participants to lend their crypto assets to earn interest payments. The SEC filed the suit shortly after Genesis halted withdrawals in November 2022 with approximately $900 million…

Trump Nominee Paul Atkins Clears Senate Panel for U.S. Securities and Exchange Commission (SEC) Chair: Report

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Paul Atkins, Donald Trump’s nominee for chair of the U.S. Securities and Exchange Commission (SEC), advanced through the Senate Banking Committee on Thursday. According to a Reuters report, the committee approved Atkins in a 13-11 vote, with all Democrats opposing the nomination. Atkins, a former SEC commissioner, is known for his deregulatory stance and ties to the cryptocurrency industry. The nomination now moves to the Senate floor for final confirmation. If confirmed, Atkins will succeed Acting Chair Mark Uyeda, who has led the SEC since January. Atkins has pledged to…

Stabull Labs Announces Public Sale of STABUL Token on ProBit Global Exchange

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April 3rd, 2025 – Próspera ZEDE, Honduras Public sale of governance token commences April 16, with a listing to follow in May; near-term upgrades include Base chain integration, wallet expansion, and DeFi aggregator support. Stabull Labs LLC, operator of the stablecoin and real-world asset (RWA) decentralised exchange (DEX), Stabull.Finance, has announced the upcoming public sale of its governance token, STABUL, launching on ProBit Global Exchange on Wednesday, 16th April at 03:00 UTC. Stabull is a DEX optimised for stablecoins and RWA’s, utilising off-chain price oracles to ensure accurate pricing of…

US sanctions 8 crypto wallets tied to Garantex exchange and Yemeni Houthis

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The US Treasury Department sanctioned eight cryptocurrency wallet addresses linked to Russian crypto exchange Garantex and the Yemeni political and military organization the Houthis. The United States Office of Foreign Assets Control (OFAC) sanctioned eight crypto addresses that data from blockchain forensic firms Chainalysis and TRM Labs had linked to the organizations. Two are deposit addresses at major crypto platforms, while the other six are privately controlled. Visualization of transaction flow related to OFAC sanctions. Source: Chainalysis The addresses in question reportedly moved nearly $1 billion worth of funds linked…