Hong Kong and Macau authorities say they’ve detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18. Source
JPEX Crypto Exchange Probe Sees 4 More Arrests: SCMP
Tag: Exchange
US-Based Crypto Exchange Kraken Continues Expansion by Pushing Into Traditional Stock Offerings: Report
US-based crypto exchange Kraken is reportedly adding to its suite of products with the addition of traditional stock offerings. According to a new report by Bloomberg Law, sources familiar with the matter say that Kraken is planning on offering US-traded stocks and exchange-traded funds (ETFs) to its customers. This marks the first time that Kraken has ventured outside of the world crypto assets, according to the report. Initially, the crypto exchange plans to sell traditional stock offerings in the United States and the United Kingdom through Kraken Securities, a new…
Crypto.com to become preferred exchange for PayPal USD
Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD). According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading features coming soon.” This move builds on PayPal and Crypto.com’s previous partnership, such as an option to use PayPal to top up the Crypto.com Visa Card, according to the press release. In his commentary, Joe Anzures, the Senior Vice President…
Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange
Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange Source
Crypto exchange Kraken plans move into US stock trading: Report
Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs. According to a Sept. 27 Bloomberg report, the U.S.-based exchange planned to launch its trading services in the U.S. and United Kingdom sometime in 2024 through a division called Kraken Securities. Kraken’s expansion of investment vehicles beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds. The reported move by the crypto exchange came roughly…
Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
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Ethereum-Based Altcoin Quietly Pulls Off 242% Rally This Month Amid Support from Crypto Exchange Gate.io
One altcoin project has pulled off a more than 240% rally this month and secured a listing by a leading crypto exchange platform. The Loom Network (LOOM) kicked off September trading at a low of $0.038 and 25 days later soared to a high of $0.13, a 242% percent increase. LOOM has since retraced slightly and is trading for $0.11 at time of writing. Amid the strong performance, leading global crypto exchange Gate.io announced this week it was listing LOOM for trading. The Loom Network is a multichain interoperability platform…
Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX
Tron (TRX) founder Justin Sun says he’ll offer a 5% reward if the hackers who stole nearly $8 million worth of Ethereum (ETH) from his exchange HTX decide to return the crypto. HTX is the newly rebranded name of Huobi, the Seychelles-based trading giant that Sun says he’s an advisor for. It remains unclear whether Sun has an actual ownership stake in HTX, though he’s reportedly used hundreds of millions of dollars of his personal fortune to back the exchange. Hackers hit HTX over the weekend for approximately 4,999 ETH…
6th Swiss bank joins SDX crypto exchange
Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, has become the sixth Swiss bank to join Six Digital Exchange (SDX). According to the press release from Sept. 27, Hypothekarbank Lenzburg joins Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank. All the companies are from Switzerland, and SDX’s company, Six Group, is headquartered in Zurich. Related: How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school As specified in the release, by joining the SDX’s central securities depository, Hypothekarbank Lenzburg will…
Crypto Exchange Kraken Pushes Ahead With Expansion, Obtaining Key Authorization in Ireland and Spain
One of the top US-based crypto exchanges is expanding globally into major European financial hubs. According to a new press release, Kraken Exchange has secured an E-Money Institution (EMI) registration with the Central Bank of Ireland, as well as a Virtual Asset Service Provider (VASP) registration with the Bank of Spain. Ireland’s EMI license will allow Kraken to deal with European banks. Spain’s VASP registration will allow Kraken to operate as a crypto exchange and wallet provider. Says Curtis Ting, Kraken’s vice president of global operations, Our market-leading position in liquidity…