Coinbase UK Hit with $4.5M Fine for High-Risk Customer Onboarding
Coinbase’s UK subsidiary, CBPL, has been fined $4.5 million for violating the FCA agreement, which prohibits the platform from onboarding high-risk customers. The United Kingdom regulators have levied a $4.5 million (£3.5 million) fine on Coinbase’s UK subsidiary, CB Payments Limited (CBPL). A penalty is imposed for violating a voluntary agreement that is intended to […]
Revolut Finance Gets UK Banking License After Three Years Wait
Revolut Finance has achieved a milestone in its expansion by obtaining a UK banking license after a three-year regulatory process. After a three-year regulatory approval process, Revolut , a London-based fintech company, has successfully obtained a banking license in the United Kingdom. This significant milestone, announced on July 25, represents a critical juncture for the […]
Japanese Yen Sudden Surge Accelerates Sell Offs in Bitcoin, Gold
The liquidation of Bitcoin and Gold were intensified following the sudden surge in Japanese Yen on Thursday. Bitcoin and the broader cryptocurrency market were subjected to significant selling pressure earlier on Thursday, following a Wall Street correction on Wednesday and the global equity sell-off. The abrupt increase in the value of the Japanese Yen has […]
SBI Holdings, Franklin Templeton Partner to Enter BTC ETF Market
SBI Holdings is launching an investment management company in partnership with Franklin Templeton to enter the Bitcoin ETF market. In anticipation of its entry into the Bitcoin ETF market, SBI Holdings, a major Japanese banking institution, announced on Thursday that it will collaborate with Franklin Templeton, a US investment management company, to establish an investment […]
Huobi Exchange Announces Next HTX DAO Airdrop Phase
Huobi Exchange announces the fifth wave of its HTX DAO airdrop for TRX, USDT, and WSTUSDT holders on July 30. Huobi Exchange has disclosed the next chapter of its HTX DAO airdrop program. This recent initiative, which is scheduled for July 30, 2024, represents the fifth round of token distribution and underscores the exchange’s commitment to […]