US FDIC Issues Consent Order on Crypto-Friendly Bank Cross River Bank to Review Its "Insecure Banking"
The U.S. Federal Deposit Insurance Corporation (FDIC) issued a consent order to crypto-friendly bank Cross River Bank for "unsafe or unsound banking practices." Cross River Bank is a venture-backed New Jersey-area bank that does business with major crypto companies like Coinbase and Circle. Consent orders are an informal procedure commonly used by U.S. federal agencies to handle cases. Cross River Bank engaged in unsafe or unsound banking practices by failing to establish and maintain interna...
US FDIC Issues Consent Order on Crypto-Friendly Bank Cross River Bank to Review Its "Insecure Banking"
The U.S. Federal Deposit Insurance Corporation (FDIC) issued a consent order to crypto-friendly bank Cross River Bank for "unsafe or unsound banking practices." Cross River Bank is a venture-backed New Jersey-area bank that does business with major crypto companies like Coinbase and Circle. Consent orders are an informal procedure commonly used by U.S. federal agencies to handle cases. Cross River Bank engaged in unsafe or unsound banking practices by failing to establish and maintain interna...
Binance Launches Crypto Gaming Partner Program, Developers Can Give Out In-Game Rewards Through Their Gift Cards
Binance announced the launch of the Binance Crypto Gaming Partner program, which helps developers reward gamers with Binance Gift Cards. Binance stated that the program will be keen to collaborate on marketing campaigns to help raise awareness of customers’ games or help them get job opportunities, and is open to all partners who are interested in integrating cryptocurrency rewards into their game system.
Binance Launches Crypto Gaming Partner Program, Developers Can Give Out In-Game Rewards Through Their Gift Cards
Binance announced the launch of the Binance Crypto Gaming Partner program, which helps developers reward gamers with Binance Gift Cards. Binance stated that the program will be keen to collaborate on marketing campaigns to help raise awareness of customers’ games or help them get job opportunities, and is open to all partners who are interested in integrating cryptocurrency rewards into their game system.
The chairman of the US SEC reiterated that encrypted trading platforms must be registered with the SEC
SEC Chairman Gary Gensler tweeted: “Cryptocurrency trading platforms must comply with regulations, register with the SEC, and have conflicts of interest. Cryptocurrency trading platforms must treat cryptocurrencies like securities , and platforms to stop acting as if the law is ambiguous. If you are a stock exchange, clearing house, broker or dealer, you must comply, register with us, address conflicts of interest and disclose important information.
The chairman of the US SEC reiterated that encrypted trading platforms must be registered with the SEC
SEC Chairman Gary Gensler tweeted: “Cryptocurrency trading platforms must comply with regulations, register with the SEC, and have conflicts of interest. Cryptocurrency trading platforms must treat cryptocurrencies like securities , and platforms to stop acting as if the law is ambiguous. If you are a stock exchange, clearing house, broker or dealer, you must comply, register with us, address conflicts of interest and disclose important information.
Seoul prosecutors believe Do Kwon still has $100 million in Swiss bank account
Prosecutors in Seoul appear convinced that Terraform Labs and co-founder Do Kwon are still holding large sums of money following recent legal proceedings against ten Terraform Labs employees, including co-founder Shin Hyun-seong, known to many as Daniel Shin. , especially 130 billion won ($100 million) in Swiss bank accounts. South Korean prosecutors claim that $100 million remains in a Swiss bank account of Do Kwon and Terraform Labs, a claim supported by the SEC lawsuit.
Seoul prosecutors believe Do Kwon still has $100 million in Swiss bank account
Prosecutors in Seoul appear convinced that Terraform Labs and co-founder Do Kwon are still holding large sums of money following recent legal proceedings against ten Terraform Labs employees, including co-founder Shin Hyun-seong, known to many as Daniel Shin. , especially 130 billion won ($100 million) in Swiss bank accounts. South Korean prosecutors claim that $100 million remains in a Swiss bank account of Do Kwon and Terraform Labs, a claim supported by the SEC lawsuit.
Crypto Trading and Investing Agency Alphanonce Launches Lending Pool on Clearpool
Crypto-native trading and investment firm Alphanonce has launched borrower pools on Clearpool, an unsecured lending DeFi protocol. Founded in 2018 and headquartered in South Korea, Alphanonce provides full-stack solutions for various clients and counterparties, covering accelerators, investment, liquidity provision and trading. It is reported that this is the third institution to launch a lending pool on Clearpool in the near future after market maker Portofino Technologies and digital asset ...
Crypto Trading and Investing Agency Alphanonce Launches Lending Pool on Clearpool
Crypto-native trading and investment firm Alphanonce has launched borrower pools on Clearpool, an unsecured lending DeFi protocol. Founded in 2018 and headquartered in South Korea, Alphanonce provides full-stack solutions for various clients and counterparties, covering accelerators, investment, liquidity provision and trading. It is reported that this is the third institution to launch a lending pool on Clearpool in the near future after market maker Portofino Technologies and digital asset ...
