Legal
Russia Drafts New Guidance to Banks on Crypto Transactions
Based on a new set of rules, the updated guidance would allow banks to label crypto transactions as suspicious. Source Author: Aziz Abdel-Qader
Mining
Trans-Fee Mining Bubble Finally Popped as FCoin Goes Bankrupt
FCoin paused withdrawals over a shortage of crypto assets that worth up to $130 million. Source Author: Aziz Abdel-Qader
Altcoins
Australian Broker Rubix FX Rebrands as FXTRADING.com
The rebranded broker will encompass all of Rubix FX’s regulatory profile around the globe. Source Author: Aziz Abdel-Qader
Exchange
Binance Reveals White Label Solution for Cryptocurrency Exchanges
Binance Cloud simply implies less expenditure and faster deployment for those interested in launching their own crypto exchange. Source Author: Aziz Abdel-Qader
Legal
Bank of Russia Green Lights Norilsk Nickel’s Tokenization Platform
It was among the biggest projects under the central bank’s sandbox program. Source Author: Arnab Shome
Altcoins
Exclusive: Exness Launches Stock CFDs on MT5 & New Account Types
The launch of the new asset follows on the heels of the broker adding indices trading. Source Author: Celeste Skinner
Altcoins
Equiti Capital Names David Meek as Non-Exec Chairman
The appointment is pending regulatory approval from the FCA. Source Author: Celeste Skinner
Altcoins
Copper.co Secures $8 Million, Eyes Global Expansion
The company is also targeting to increase its offerings to institutional clients. Source Author: Arnab Shome
Legal
CLS Adds Metrobank as Third-Party Participant to CLSSettlement
Metrobank is the first Philippine bank to be added to the settlement service. Source Author: Celeste Skinner
Analytics
ACY Securities Adds New Chief Market Analyst to its Team
Alistair Schultz joins ACY Securities with a strong educational background and 15 years in the market. Source Author: Jeff Patterson
Altcoins
Conflux Taps Outlier Ventures’ Crypto Head for North American Expansion
The company will set up its base in Toronto. Source Author: Arnab Shome
Altcoins
ACI FMA & Axiom Partner to Promote Adoption of FX Global Code
The companies will provide services and tools which will help market participants to adopt the code. Source Author: Celeste Skinner
Legal
2 Brazilian Crypto Exchanges Shut Down Citing Strict New Tax Laws
Latoex and Acesso are both ceasing operations in the face of dwindling trading volumes and considerable fines. Source Author: Rachel McIntosh
Altcoins
Fullerton Markets Enables Crypto Deposits and Withdrawals
The platform will support 12 digital currencies. Source Author: Arnab Shome
Altcoins
bZx to Integrate Chainlink Following $350k DeFi Lending Exploitation
“No lender will be affected by the attack”, but bZx is taking steps to prevent further issues. Source Author: Rachel McIntosh
Altcoins
AETOS Renews Sponsorship of Sydney FC For 2020 Campaign
The broker is supporting the club for the third consecutive AFC Champions League campaign. Source Author: Celeste Skinner
Legal
Binance Applied for New Crypto License in Singapore
The new framework was enforced last month. Source Author: Arnab Shome
Altcoins
Velox Clearing Recruits Brokerage Veteran Michael Higgins as CEO
Prior to Velox, a seven year tenure at LPL Financial took Mr. Higgins’ career between 2013 and 2020. Source Author: Aziz Abdel-Qader
Finance
Online Trading Academy (OTA) Sued in US over Money-Making Claims
In the opinion of the FTC, the courses organized by OTA offer useless knowledge for inadequately high rates. Source Author: Aziz Abdel-Qader
Exchange
OKEx Gains Access to Indian Crypto Market with CoinDCX Partnership
The deal will provide the global exchange with strategic insights, liquidity, and connectivity within the Indian marketplace. Source Author: Aziz Abdel-Qader
Blockchain
TRON Ecosystem Onboards Blockchain Social Network Steemit
At a time where the TRON ecosystem is trying to find new use cases, social media industry seems like taking fish to water. Source Author: Aziz Abdel-Qader
Legal
Japanese Regulator Blacklists AAFX, Justforex and GlobePro
The firms on Kanto’s list may have regulation in other jurisdictions. This was the case with Belize-regulated broker Genetrade. Source Author: Aziz Abdel-Qader
Altcoins
Germany’s BaFin Alerts Residents to Nexo – Group
The entity has been operating in Germany without the proper authorisation. Source Author: Celeste Skinner
Blockchain
On Microfinance: Is Blockchain Really the Best Tech to Build With?
How can microfinance systems be responsibly built for scalability, accessibility, and security? Source Author: Rachel McIntosh
Altcoins
Is 5AMLD Causing Crypto Companies to Shut Down & Relocate?
The EU’s 5th anti-money laundering directive has already caused some crypto firms to relocate or shut down. Source Author: Rachel McIntosh
Altcoins
Flywire Buys Simplee to Tap into Healthcare Payments, Raises $120M
The amount involved in the deal has not been disclosed. Source Author: Arnab Shome
Altcoins
Mike Novogratz’s Galaxy Digital Slashes 15% Staff
The company made a loss of $68 million in Q3 2019. Source Author: Arnab Shome
Altcoins
Exclusive: Scope Markets Joins Your Bourse’s Liquidity Network
This will give the company an advantage in expanding its services into new markets. Source Author: Arnab Shome
Altcoins
AFCA Warns Berndale Clients Recovery of Funds is Unlikely
Berndale had its AFS licence cancelled in November of 2018. Source Author: Celeste Skinner
Altcoins
Rakuten Sees Net Loss for 2019, Securities Unit Revenues Drop
The Japanese firm did see an uptick in revenues for the year. Source Author: Celeste Skinner