Crypto Exchange

New Jersey man sentenced to five years in prison for operating an unlicensed bitcoin exchange.

A New Jersey man has admitted to operating an unlicensed bitcoin exchange for 18 months. He allegedly converted over $2.5 million for his clients without obtaining the required licenses. According to the DoJ press release, William Green appeared before...

Former BitMEX CEO Arthur Hayes surrenders to face charges in the U.S.

Former BitMEX CEO Arthur Hayes has reportedly surrendered himself to U.S. authorities in Hawaii to face charges of failing to implement money laundering protections at the exchange. The Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice...

Crypto exchange Coinbase reports a $335 billion trading volume in Q1 2021.

The US-based cryptocurrency exchange, Coinbase released its estimated financial results for the first quarter, which ended March 31 2021. The US-based crypto company mentioned that it has more than 56 million verified users. According to the announcement, the exchange's...

TON Labs raises $6 million in an investment round led by Runa Capital.

TON Labs, the development arm behind the Free TON blockchain, raised $6 million in recent funding through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for...

Bank of Japan launches proof of concept for its CBDC.

According to an official announcement on Monday, the Japanese central bank, Bank of Japan, has launched a proof of concept for its central bank digital currency, or CBDC. Following initial preparations to test the technical feasibility of core CBDC...

Coinbase to list directly on Nasdaq after SEC declares its registration effective.

The U.S. crypto exchange giant Coinbase has officially announced that it will go public via a direct listing. The listing will take place directly on NASDAQ under the ticker "COIN" on April 14. Coinbase had submitted a registration statement...

Former SEC chairman warns new crypto regulations could be coming soon.

Former US Securities and Exchange Commission Chair Jay Clayton has stated that Bitcoin has not been classified as a security for a long time. While speaking on CNBC's Squawk Box on March 31, Clayton warned that its status as...

Europe’s largest crypto asset manager CoinShares doubled its earnings in 2020.

CoinShares, Europe's largest crypto asset manager, doubled its earnings in 2020 after surging crypto markets drove significant growth in its assets under management. CoinShares, which recently went public through a listing on Sweden's Nasdaq First North Growth Market, has...

Former SEC chairman joins One River Asset Management as an advisor.

The former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has joined One River Asset Management as an advisor. The SEC-registered investment advisor is a $2.5 billion firm whose cryptocurrency funds are backed by hedge fund titan Alan...

UK FCA warns young investors are taking on large financial risks by investing in crypto.

According to the CNBC report, the U.K.'s financial regulator, Financial Conduct Authority, warned Tuesday that thrill-seeking young investors are taking on large financial risks, despite most admitting that significant losses could fundamentally impact their lives. According to FCA, "new,...

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American investor and fund manager Bill Miller says Bitcoin is not a bubble.

Bill Miller, a well-known American investor and fund manager, said that Bitcoin is not a bubble. The American investor...