Latest Cryptocurrency News: Finextra Research

BVNK acquires EMI licence

BVNK, a London-based crypto-powered payments and banking platform for businesses, has secured a UK Electronic Money Institution licence through the acquisition of SPS.

28 November 2022

/crypto

Estonian men arrested over $575m crypto fraud

Police have arrested two men in Estonia in connection with a $575 million cryptocurrency fraud and money laundering scheme.

23 November 2022

/crypto

FTX implosion shows need for crypto regulation - BofE's Cunliffe

The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto sector, says Bank of England deputy governor Jon Cunliffe.

21 November 2022

/crypto

Genesis Block to shutter trading portal amid FTX fallout

Genesis Block, a Honk Kong based cryptocurrency retail service, has told its customers it will be closing its over-the-counter trading portal on the 10th of December 2023. This is being seen as part of the wider fallout from FTX’s collapse and proceeding bankruptcy filing last week.

18 November 2022

/crypto

Want to own a portion of Warhol's Four Marilyns? Sign up with Sygnum

Digital asset bank Sygnum has tokenized an iconic Four Marilyns painting by Andy Warhol, enabling investors to stake a claim to co-onwership under the Swiss DLT legal framework.

18 November 2022

/crypto

New FTX CEO slams 'complete failure of corporate controls'

John Ray, the man who took over at Enron after its collapse and is now in charge of FTX has blasted his predecessor at the failed crypto exchange, Sam Bankman-Fried, declaring in court filings that he has never "seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information".

17 November 2022

/crypto

Coinbase enables instant deposits with TrueLayer

Coinbase has tapped open banking technology from TrueLayer to deliver real-time instant deposits to UK users.

17 November 2022

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US banks launch digital asset settlement platform PoC

Some of the biggest names in the US banking industry are coming together on a proof of concept for a regulated digital asset settlement platform.

16 November 2022

/crypto

BIS Innovation Hub launches new prototype CBDC

Tourbillon is a new project which aims to explore how to improve cyber resiliency, scalability, and privacy as a prototype CBDC. The project has been launched by BIS Innovation Hub’s Swiss Centre.

14 November 2022

/crypto

FTX files for US bankruptcy protection; Bankman-Fried quits

Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.

11 November 2022

/crypto

FTX Europe to have licence suspended - Bloomberg

Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.

11 November 2022

/crypto

Binance pulls out of FTX takeover

Binance says it will not go ahead with plans to buy FTX, citing the results of due diligence and reports of US regulatory investigations into its rival crypto exchange.

09 November 2022

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