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Ripple compensates the losses of Fortress’ customers


Ripple has taken the initiative and compensated the losses incurred by the customers of the startup Fortress Trust, which is into the blockchain framework. This is a step in the direction of its plan to take over the company. Fortress sent out a tweet stating that its customers were impacted by...

Turkish Crypto Exchange Boss Gets 11,196 Years in Prison


The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...

Circle Partners With Mercado Pago to Offer USDC to Chilean Customers


Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...

Binance Finds Way to Serve Belgian Users After Cease Order


Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...

Bitstamp to end Ethereum staking for U.S. customers in September


The main focus of the discussion is the decision of cryptocurrency exchange Bitstamp to stop offering Ethereum (ETH) staking services to U.S. clients. In staking, rewards are earned by holding and confirming Bitcoin transactions on a proof-of-stake blockchain network. Bitstamp has decided to cease...

Bitstamp Halts ETH Staking for US Customers Amid Regulatory Uncertainty


In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users.  The exchange has set September 25 as the deadline for users to earn rewards on their staked assets, after which...

Russian Banks MTS, PSB Say Customers Are Now Using Digital Ruble


The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.” The nation’s Central Bank has fast-tracked its CBDC project in recent weeks, and is eyeing a 2025-2027 national rollout. The banks, along with the likes of VTB Bank,...

Coinbase Financial Markets to now offer crypto futures to US customers


The National Futures Association has granted approval to Coinbase for operating the regulated FCM, which is Future Commission Merchant. The offering will be available to the residents of the US based on their eligibility. The approval has been granted to Coinbase Financial Markets, making this...

Ledger Taps Paypal for US Crypto Buys


Crypto security firm and hardware wallet manufacturer, Ledger, announced its integration of Paypal payments for U.S. customers. This will allow Ledger Live users to buy bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC) within the app using Paypal. Ledger Enables Paypal Payments...

Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum


U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...

Coinbase Secures Regulatory Approval to Offer Crypto Futures to US Customers


The Nasdaq-listed crypto exchange Coinbase has secured regulatory approval to operate a Futures Commission Merchant (FCM) and offer customers access to crypto futures. “Coinbase will now be the first crypto-native leader to directly offer traditional spot crypto trading alongside regulated...

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