Tag: Pay

Dogecoin Is Bullish? Crypto Analyst Gives Reasons Why Investors Should Pay Attention

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Crypto analyst Jaydee has made a bullish case for Dogecoin (DOGE) as he outlined several reasons why a significant price breakout may be on the horizon for the foremost meme coin. DOGE’s price saw a 370x gain the last time the indicators Jaydee highlighted materialized.  Why Crypto Investors Should Pay Attention To DOGE In a post on his X (formerly Twitter) platform, Jaydee noted three things that usually happen on the charts prior to DOGE experiencing a price breakout. The first indicator he mentioned was the Moving Average Convergence Divergence…

US court approves settlement against Binance, firm to pay $2.7B to CFTC

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A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.  “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations,…

KuCoin to Pay $22M, Exit N.Y. to Settle NYAG Lawsuit

Kucoin will refund $16.77 million to New York customers and pay $5.3 million to the Attorney General of the State of New York to settle charges it violated securities laws by offering tokens – including ether – that meet the definition of a security without registering with the attorney general’s office. Source

Crypto payment firm Alchemy Pay adds SEPA deposits in Europe

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Cryptocurrency payment platform Alchemy Pay is scaling its payment options by integrating new on-ramps — or new ways to buy crypto — in Europe and the United Kingdom. Alchemy Pay has introduced new deposit options, including the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and the U.K. fast money transfer option, Faster Payments. Announcing the news on Nov. 29, Alchemy Pay noted that the new payment options aim to simplify purchasing cryptocurrencies like Bitcoin (BTC), enabling transfers to be processed in “seconds to a few minutes.” With SEPA…

Zipmex proposes to pay creditors 3 cents per dollar

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Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million.  According to a Bloomberg report on Nov. 29, Zipmex could raise the sum from 3.35 cents per dollar to 29.35 cents per dollar “contingent on the recovery.” However, major creditors are reportedly against the proposed scheme and demand an independent review of the company’s liabilities. Marcus Lim, the…

Alchemy Pay Secures Money Transmission License in Iowa

Alchemy Pay is continuing its expansion in the United States and has now gotten a money transfer license in Iowa. Crypto-fiat payment gateway Alchemy Pay has acquired a money services license in Iowa as part of plans to expand extensively into the United States. The acquisition of a license is in compliance with local state laws that require any person or entity operating a money transmission or currency exchange business to acquire the license. Speaking to Cointelegraph about the license, Alchemy Pay Ecosystem Lead touted the need for proper regulations,…

Alchemy Pay bags money services license in Iowa, expands US services

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The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa.  According to local state regulations, any entity or individual engaged in currency exchange or money transmission business in Iowa must hold such a license. In September, the company received its money transmitter license (MTL) in Arkansas. The company says it has already completed the application for MTL licenses in additional U.S. states and anticipates answers in the coming…