Binance Sets to Re-enter Japan After SEBC Exchange Acquisition
Binance is set to reenter Japan after acquiring Sakura Exchange Bitcoin (SEBC), a regulated cryptocurrency exchange platform. According to the notice, Binance Japan could launch in June 2023. According to a report in a local newspaper, SEBC will cease offering its present cryptocurrency exchange and brokerage services on May 31 and reopen as Binance Japan […]
Revolut, Koinly Partner for Crypto Tax Reports Service
Digital bank Revolut has partnered with Koinly, a cryptocurrency tax solution, to integrate cryptocurrency tax report and calculation services for users. As cryptocurrencies increasingly come under the jurisdiction of global tax authorities, Revolut has incorporated an automated tax reporting service for its customers. The digital financial services provider has partnered with Koinly, a cryptocurrency tax […]
HKMA Urges Banks to Offer Services to Crypto Firms
The Hong Kong Monetary Authority (HKMA), the city’s central bank and regulator, has requested that banks offer their services to cryptocurrency firms. The Hong Kong Monetary Authority issued a circular on corporate customers’ access to financial services on April 27. In the document, the regulator has mandated that authorized institutions, or AI, employ a risk-based […]
JPMorgan’s AI tool Analyzes Fed Speeches for Trade Signals
Banking giant JPMorgan has reportedly introduced an artificial intelligence (AI) tool which uses OpenAI’s ChatGPT to analyze Federal Reserve statements and speeches to identify potential trading signals. Bloomberg reported on April 27 that a Wall Street investment bank employs a ChatGPT-based language model to analyze the comments of United States central bankers. These Fed policy […]
Ex-SPAC CFO gets 3 years in Jail for $5M Theft
The former Chief financial officer (CFO) of a Special purpose acquisition company (SPAC) was sentenced to three years in prison for embezzling $5M from three companies, which he used to trade cryptocurrencies and “meme stocks.” Cooper Morgenthau, the former chief financial officer of African Gold Acquisition Corporation (AGAC), stole more than $5 million from AGAC, […]