Crypto.com Receives Regulatory Approval in France
- Crypto.com was registered as a Digital Asset Service Provider, which is mandatory for any company that provides crypto custody or trading services in France.
- In order to receive regulatory approval, Crypto.com was subject to rigorous review of its processes, particularly around AML and CFT.
September 28, 2022, 1:18 PM
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FTX US Wins Bid for Voyager’s Assets
- The deal was valued at $1.4 billion, with $1.3 billion representing the fair market value of Voyager’s crypto holdings, and an additional consideration of $111 million.
- While the terms of the deal are yet to be revealed, the proposal will be submitted for approval in front of the U.S. Bankruptcy Court on 19 October.
September 27, 2022, 10:31 AM
Sam Bankman-Fried, CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance
OpenSea to Launch Support for Arbitrum
- The NFT marketplace revealed that creators will be able to set the fees for selling NFTs on Arbitrum starting Wednesday.
- OpenSea recently launched a new “immersive” drop experience, called SeaDrop, which provides NFT creators with customizable drop pages.
September 21, 2022, 9:58 AM
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FTX Listed as Unauthorized Firm in U.K.
- The Financial Conduct Authority has warned investors that crypto exchange FTX “may be providing financial services without authorization” in the U.K..
- A spokesperson for FTX said the exchange believed it was impersonated by a scammer, as the phone numbers provided by the FCA were not connected to it.
September 19, 2022, 4:43 PM
Sam Bankman-Fried, CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance
Sep 16, 2022
SBI’s Digital Asset Arm Receives License in Singapore
- The Monetary Authority of Singapore has granted a Capital Markets Service license to SBI Digital Markets, the crypto subsidiary of financial giant SBI Holdings.
- SBI DM now plans to launch a digital asset securities platform, as well as provide custody, capital markets products, and corporate finance advisory services in Singapore.
Sep 14, 2022
Huobi to Support Busan’s Digital Asset Exchange
- Huobi has become the third major cryptocurrency exchange to help Busan with the development of its blockchain ecosystem and digital asset exchange.
- The company has also agreed to attract more than 1,500 blockchain professionals from overseas, as well as move its local office from Seoul to Busan by the end of the year.
Sep 12, 2022
WazirX Regains Access to Bank Accounts
- The Enforcement Directorate of India froze WazirX’s bank accounts back in August, alleging the exchange had assisted “illegal loan apps” in laundering funds.
- The exchange explained that most accounts connected to ED’s investigation had already been flagged as suspicious, and blocked between 2020 and 2021.
Sep 6, 2022
Binance to Auto-Convert Several Stablecoins to BUSD
- Binance revealed that starting 29 September all existing balances and new deposits of USDC, USDP, and TUSD will be auto-converted into its own BUSD stablecoin.
- While Binance claimed the move was made to “enhance liquidity and capital-efficiency for users”, it will also expand the market share of BUSD, currently ranked third in market capitalization.
Sep 5, 2022
Russia Considers Legalization of Crypto for Cross-Border Payments
- Both Russia’s Ministry of Finance and central bank have agreed that cross-border crypto payments will soon be legalized in the country.
- Deputy Finance Minister Alexei Moiseev noted that the current geopolitical conditions have made it “impossible to do without cross-border settlements in cryptocurrency”.
Sep 2, 2022
dYdX Ends Promo Shortly After Community Backlash
- The promo campaign was launched on 31 August, and offered new users a $25 bonus on their first deposit of $500 or more.
- The promotion, however, was met with backlash from the community due to its “liveness check”, which used facial recognition software.