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Russia Prepares to Create Government-Controlled Crypto Exchange

Russia Prepares to Create Government-Controlled Crypto ExchangeLawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of the participants in these efforts. Legislators Want Russia to Have Its Own […]

Elon Musk, the world’s richest man, hits record $348B net worth

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto FearsBitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to […]

Elon Musk, the world’s richest man, hits record $348B net worth

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

Bahamas Property Worth 1 Million Acquired by FTX, SBF’s Parents, Report UnveilsBankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder […]

Elon Musk, the world’s richest man, hits record $348B net worth

Uzbekistan Licenses 2 Crypto Exchange Service Providers

Uzbekistan Licenses 2 Crypto Exchange Service ProvidersThe regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell digital currencies, the agency said. 2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency […]

Elon Musk, the world’s richest man, hits record $348B net worth

Crypto Exchange FTX Fires 3 Top Executives, Report Reveals

Crypto Exchange FTX Fires 3 Top Executives, Report RevealsThree high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has […]

Elon Musk, the world’s richest man, hits record $348B net worth

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and AdsRussian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services. New Attempt to Legalize Cryptocurrency Mining in Russia After months of deliberations, efforts continue in […]

Elon Musk, the world’s richest man, hits record $348B net worth

Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey

Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to TurkeyA court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand Over Alleged Crypto Fraudster and […]

Elon Musk, the world’s richest man, hits record $348B net worth

Regulator Halts Trading of FTX Tokens in Indonesia

Regulator Halts Trading of FTX Tokens in IndonesiaThe agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token […]

Elon Musk, the world’s richest man, hits record $348B net worth

Australia Suspends Financial Services License of Local FTX Entity

Australia Suspends Financial Services License of Local FTX EntityAustralia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities […]

Elon Musk, the world’s richest man, hits record $348B net worth

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX CollapseThe Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation […]

Elon Musk, the world’s richest man, hits record $348B net worth