Tag: Platform

Crypto platform Debiex must pay $2.5M in CFTC ‘pig butchering’ case

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Crypto platform Debiex has been ordered to pay around $2.5 million after it failed to respond to a US Commodity Futures Trading Commission suit accusing it of being a romance scam ring. Arizona federal court Judge Douglas Rayes on March 13 granted the CFTC’s earlier motion for summary judgment in its case and ordered Debiex to pay back around $2.26 million it stole from its customers, along with a civil penalty of nearly $221,500. Judge Rayes said there was no evidence that Debiex’s failure to respond to the CFTC was…

Coinbase Ventures Debuts Base Ecosystem Group on Echo Platform

Base has become Ethereum’s top layer two (L2) across several metrics and Base projects will now have access to onchain startup capital on Echo. Echo Hosts Coinbase Ventures’ New Base Ecosystem Group to Expand Crypto Development Projects building on Ethereum’s largest L2 network Base will now have access to early startup capital via the Echo […] Source CryptoX Portal

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades […] Source CryptoX Portal

Aave Labs Introduces Compliance-Friendly DeFi Platform for Institutional Investors

Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems. Horizon Initiative Launches to Expand DeFi Access for Institutional Investors The initiative aims to integrate institutional capital into DeFi by tokenizing assets such as securities, bonds, and […] Source CryptoX Portal

MoonPay acquires API stablecoin infrastructure platform Iron

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Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount.  According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds.  Source: MoonPay “With Iron’s technology, we’re putting the power of instant, programmable payments…

Second Largest Spanish Lender BBVA Announces BTC and ETH Trading Services Platform

Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest lending institution in Spain and one of the largest in Europe, has announced the integration of crypto into an upcoming platform as part of its service offering. The development comes as the bank received approval from the country’s securities regulator to do so, mentioning bitcoin and ether only […] Source CryptoX Portal

Video-Sharing Platform Rumble Adds 188 BTC to Treasury With $17.1M Purchase

Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the company announced. The purchase was made at an average price of $91,000 per coin. The move is part of Rumble’s previously disclosed plan to adopt a bitcoin treasury strategy and allocate up to $20 million of its cash reserves to bitcoin. Rumble’s CEO Chris Pavlovski said the decision was part of its further involvement in the crypto industry. “These holdings have the potential to serve as a valuable hedge against…

CZ urges Elon Musk to ban bots on the X social media platform

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Binance co-founder Changpeng Zhao (CZ) urged Elon Musk to ban bots — automated accounts that spam the social media site and are used to amplify content or for coordinated attacks — from the X platform. “If someone uses Grok, ChatGPT, or DeepSeek to generate a tweet and copy and paste it here, fine, but API posting should be disabled,” CZ wrote in a March 9 X post. In a separate comment, the Binance founder differentiated automated social media bots from AI agents, saying that the latter was helpful in real-world…

Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform

The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financial […] Source CryptoX Portal