The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product.
The launch of Gate Pay is based on Gate.io executives'...
The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all MLM Ponzi schemes, Trade Coin Club enriched only its owners and top promoters. Brage fled Florida for Brazil behind MLM notes.
On October 24, the Tel Aviv Stock Exchange (TASE) has announced that it is developing a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan scheduled for 2023 to 2027.
According to prominent tech blogger Jane Manchun Wong, Twitter is working on a "wallet prototype" that will allow cryptocurrencies to be deposited and withdrawn.
The...
Merchants are interested in crypto payment options. Gaining new customers and eliminating middlemen are the top two reasons why merchants are interested in accepting cryptocurrency or expanding their crypto payments options, according to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants.
In Feb 2022, the US crypto exchange operator Blockchain.com announced that its UK and European retail customers will be moved from the FCA-regulated EMD agent Blockchain Access (UK) Ltd to the Lithuanian subsidiary Blockchain (LT) Ltd. The UK entity is an agent of FCA-regulated Modulr FS Limited. For some time now, there has been an increase in complaints on the web about the freezing of accounts and alleged problems with KYC checks. Trustpilot rates Blockchain.com with a "Poor" trust level. We, therefore, recommend avoiding blockchain at present.
The crypto czar and FinTech entrepreneur Alex Alexandrov was born in Ukraine and moved to Canada at a young age. He started a bitcoin mining venture around 2012 when the Bitcoin (BTC) price was around $4. In 2013, Alex and his then partner Jason Butcher acquired the crypto startup CoinPayments (PR42 profile). Since then, CoinPayments saw explosive growth with a transaction volume of more than $2 billion a month, 115,000 merchants, and three million users.
The former Boston Consulting Group principal Brian Shroder with a Harvard MBA, is the CEO of BAM Trading Services Inc. d/b/a Binance.US, the US branch of the Binance Group. In April 2022, Binance.US raised over $200 million in its first external funding round just before the crypto markets collapsed. The finance round included investors including RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures. They accepted a whopping $4.5 billion valuation.
