The FX, Fintech, and cryptocurrency markets have been buzzing with action this past week, as usual. Stay in the loop and ahead of the game with a handpicked collection of top updates and stories.
New York sues NovaTech over $1 billion crypto pyramid scheme
Cynthia and Eddy Petion targeted minority communities, Haitians in particular, in prayer groups and WhatsApp group chats with advertisements in Creole, and religious messages that appealed to their faith. Read More
Robinhood to acquire Bitstamp for $200 million in 2025
Robinhood has announced it has reached a deal to acquire Bitstamp, the crypto exchange founded in 2011 and with offices in Luxembourg, the UK, Slovenia, Singapore, and the United States. Read More
CFTC charges Donald Wray Rodgers with $2 million Ponzi scheme
The Commodity Futures Trading Commission has sued Three Bridges Trading Fund, LLC, and its owner Donald Wray Rodgers for operating a Ponzi scheme. Read More
Visa and Mastercard expand payments solutions in Latin America
Visa and Mastercard are further expanding their payment solutions and networks in Latin America, namely in Colombia and Uruguay. Read More
Prop trading like never before – FPFX Tech at iFX EXPO LATAM
At the vibrant iFX EXPO LATAM 2024 in Mexico City, FinanceFeeds had the privilege of attending and covering this landmark event, the first of its kind in the Latin American region. Read More
ICE’s crypto arm Bakkt explores sale or breakup
Digital asset firm Bakkt, which is owned by Intercontinental Exchange (ICE), is exploring various strategic options, including a potential sale or breakup. Read More
Keith Gill poised for billionaire status as GME shares surge
Keith Gill, the stock trader famed for his role in the 2021 GameStop short squeeze, is on the verge of becoming a billionaire as GameStop shares continue to rise. Read More
UAE to allow issuance of dirham-backed stablecoins
The board of directors of the Central Bank of the United Arab Emirates (CBUAE) has approved a new system to oversee and license stablecoins. Read More
FTX reaches tentative $24 billion tax settlement with IRS
Bankrupt cryptocurrency exchange FTX has reached a tentative agreement with the United States Internal Revenue Service (IRS) to settle a $24 billion tax dispute. Read More
Chinese trader loses $1 million in Binance hacking scam
A Chinese trader lost $1 million after falling victim to a hacking scam involving a promotional Google Chrome plugin called Aggr. Read More
Binance may ban Tether and other stablecoins in Europe
Binance plans to impose restrictions on the availability of stablecoins in the European Union (EU) that are deemed “unregulated” under the EU’s new Markets in Crypto-Assets Regulation (MiCA). Read More
Read More: Binance to delist USDT, Bakkt up for sale