Arnab Shome

Blog Info CryptoCurrency – Finance Magnates | Financial and business news
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Dec 02 2022

Coinbase Disables NFT Transfers on iOS App as Apple Wants 30% Cut

Coinbase (Nasdaq: COIN) is the latest victim of Apple's stringent payment policy that forced the crypto platform to remove non-fungible token (NFT) transfers from its Wallet app on iOS.

In a tweet on Thursday, Coinbase confirmed that the technology giant blocked its "last app release" until the crypto...

Dec 01 2022

Gemini Gains Crypto Licenses in Italy and Greece

Gemini, the cryptocurrency platform backed by the Winklevoss twins, has received regulatory approval in Italy and Greece, thus continuing its European expansion.

Announced on Wednesday, the crypto platform is now a registered virtual currency operator with Italy's

TP ICAP Gains UK Registration for Institutional Crypto Exchange

TP ICAP’s wholesale exchange for crypto assets, Fusion Digital Assets, has registered with the Financial Conduct Authority (FCA), allowing the platform to operate in the United Kingdom.

Announced on Thursday, TP ICAP is yet to...

Nov 30 2022

SEBA Bank Enters APAC with New Hong Kong Office

Switzerland-headquartered SEBA Bank AG has expanded its Asian footprint with a new office in Hong Kong by establishing a local subsidiary, SEBA (Hong Kong) Limited.

Announced on Wednesday, the new office is the first physical presence of the Swiss company in the

CrossTower Taps into Prime Brokerage with New Acquisition, BEQUANT

CrossTower, a New York-based cryptocurrency exchange, has agreed to acquire BEQUANT, a prime brokerage and digital asset exchange. Neither of the companies disclosed the financial terms of the deal.

Announced on Monday, the closure of...

Nov 29 2022

BlockFi Sues Sam Bankman-Fried over Robinhood Stock Collaterals

BlockFi, which filed for bankruptcy protection on Monday, is taking Sam Bankman- Fried’s Emergent Fidelity Technologies to court for seizing Robinhood shares (HOOD) pledged to the crypto lending platform as collateral.

The lawsuit came only hours after...

Kraken Agrees to Pay $362K Fine for Onboarding Users from Iran

Cryptocurrency exchange Kraken has reached a settlement with the US Treasury Department's Office of Foreign Assets Control (OFAC) for sanctions violation on Iran, agreeing to pay a penalty of $362,159.

Announced on Monday, the penalty on the crypto exchange will settle a potential civil liability for apparent violations of sanctions...

Nov 28 2022

The Bahamas Will Not Share Information on FTX Probe: Attorney General

The FTX debacle shook the priorities of the Bahamian authorities. The country's attorney general, Ryan Pinder, has defeated the actions of the "nation of laws" against the collapsed cryptocurrency exchange.

In a 23-minute pre-tapped speech released on YouTube, Pinder reiterated that the country would not share information on the...

Canadian Crypto Exchange Coinsquare Confirms Data Breach

Canadian cryptocurrency exchange, Coinsquare has become the latest victim of a security breach that resulted in compromised users' personal details, the platform confirmed last weekend by sending an email to its customers.


Nov 25 2022

Singapore Police Investigating Crypto Platform Hodlnaut for Fraud

Singapore police are investigating local cryptocurrency lending and borrowing platform, Hodlnaut, and its directors for alleged cheating and fraud.

According to the official press release of Singapore police, the investigation came following multiple reports of allegations of false representations by the troubled crypto exchange...

Starling Bank Bans All Crypto-Related Transactions, Cites ‘High Risk’

Starling Bank, a challenger bank in the United Kingdom, is now banning its customers from making any transaction related to cryptocurrencies using its cards. The digital bank is citing the “high risk” of crypto activities behind its move.


Nov 24 2022

The Bahamas Regulator Justifies Move to Cease Local FTX Clients' Assets

The Securities Commission of The Bahamas on Wednesday released a statement justifying its move to cease the customer assets of the local FTX entity, FTX Digital Markets Ltd (FDM). It came after several questions were raised against the action of the Bahamian regulator.

"It is unfortunate that in Chapter 11 filings, the new CEO of FTX Trading...

Nov 23 2022

ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings

Australian financial market regulator continues its crackdown against illegal cryptocurrency offerings, with its latest civil penalty proceedings against Web3 Ventures Pty Ltd, operating under its tradename Block Earner.

The Australian Securities and Investments Commission (ASIC) alleged that the fintech company provided unlicensed financial...

Nov 21 2022

Swiss Regulator Rejected FTX Europe's Trading License Application

FTX Europe, the European subsidiary of the now-collapsed global crypto giant, sought a trading license in Switzerland but failed. Meanwhile, the entity lost its Cypriot license amid the fallout.

There is no official confirmation on

Ohio Man Faces Criminal Charges for $10 Million Crypto Ponzi Scheme

The US Department of Justice has brought criminal charges against an Ohio man for his alleged involvement in a $10 million cryptocurrency Ponzi scheme.

Announced last week, 27-year-old Rathnakishore Giri allegedly pulled off the scam by convincing investors to invest in his fund. He...

Nov 18 2022

Crypto Lender Genesis Seeks $1B Emergency Loan

Cryptocurrency lender Genesis sought an emergency loan of $1 billion from investors before the platform suspended customers’ withdrawals on Wednesday, a report by The Wall Street Journal revealed. It cited a “liquidity crunch due to certain illiquid assets on its balance sheet” for the fundraising.

“There is ongoing run on deposits driven mainly by retail programs and partners of Genesis (i.e., Gemini Earn) and...

The Bahamas Regulator Orders FTX to Transfer Cryptos to Government Wallets

On Thursday, the Securities Commission of the Bahamas said that it has ordered the transfer of all digital assets held by FTX Digital Markets Ltd (FDM) to a government-controlled wallet for 'safekeeping.' The order was issued last Saturday.

"The Securities Commission of The Bahamas ('the Commission'), in the exercise of its powers as regulator acting under the authority of an Order made by the...

Nov 17 2022

Singapore’s Temasek Writes Off $275 Million FTX Investment

Singapore’s state-owned investor, Temasek Holdings announced on Thursday that it would be writing off its entire $275 million investment into the collapsed cryptocurrency exchange, FTX.

It invested $210 million for around a 1 percent stake in FTX International and $65 million for about 1.5 percent in...

Nov 16 2022

ASIC Suspends FTX’s AFS License

The Australian Securities and Investments Commission (ASIC) has suspended the license of FTX Australia Pty Ltd, the local subsidiary of troubled cryptocurrency exchange, until 15 May 2023. The move came as the entity was placed under voluntary...

Nov 15 2022

Genesis Vision to Suspend Services amid Russia Exposure

Genesis Vision, a blockchain-based private trust management market, is suspending its services, citing its deep ties with Russia, the company announced.

“All our legal entities were originally highly affiliated with Russian citizens and due to...

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