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Weekly Recap: SEC Takes Aim at NFTs, WazirX Points Finger at Binance, CZ Cleared of Charges

Weekly Roundup: Sec Targets Nfts, Wazirx Blames Binance, Cz Walks Free

Welcome to our weekly roundup, where we dive into all the latest buzz in the Forex, Fintech, and cryptocurrency scenes. We’ve got you covered with a rundown of the week’s top events and trends in these dynamic sectors, so you can stay in the know and ahead of the game.

FX, CFDs Markets

IEX to enter U.S. options market

IEX has announced plans to launch a new U.S. options exchange. This new venture will leverage IEX’s proprietary solutions for risk management and markout optimization, providing an electronic venue for access to the entire multi-listed options market. Read More

SEC busts crypto romance scams NanoBit and CoinW6

The U.S. Securities and Exchange Commission (SEC) has filed charges against two alleged fake cryptocurrency platforms, NanoBit and CoinW6. Read More

Lime Trading announces Eva Sehic as CEO, Johan Sandblom as President

Lime Trading has appointed Eva Sehic as Chief Executive Officer and Johan Sandblom as President and Head of Business Development. Read More

NAGA becomes first trading platform to be fully integrated within Telegram

NAGA has become the first trading app to be fully integrated within Telegram, the messaging platform boasting 950 million-strong user base. Read More

Macquarie to pay $79.8 million for defrauding retail mutual funds, SEC orders

Macquarie Investment Management Business Trust (MIMBT) is set to pay a total of $79.8 million to settle charges with the Securities and Exchange Commission. Read More

Wintermute’s crypto CFD volumes grows 19-fold since launch

The digital asset derivatives trading arm of Wintermute has made its Crypto CFD offering available for trading on its electronic OTC trading platform, Wintermute NODE. Read More

Crypto Market

SEC cracks down on NFTs despite claims of “regulatory overreach”

The U.S. Securities and Exchange Commission (SEC) has issued an order against Flyfish Club, LLC for conducting an unregistered offering of crypto asset securities through the sale of non-fungible tokens (NFTs). Read More

Binance founder CZ set to walk free next week

Changpeng Zhao, the founder of cryptocurrency exchange Binance, is set to be released from custody on September 29, according to the U.S. Bureau of Prisons website. Read More

Revolut nears launch of its own stablecoin as it expands crypto offering

London-based fintech company Revolut, which recently obtained a U.K. banking license and is valued at $45 billion, is reportedly developing its own stablecoin. Read More

Former FTX auditor Prager Metis settles SEC charges for $1.95 million

Prager Metis, a New York-based auditing firm, has agreed to pay $1.95 million to settle two cases brought by the U.S. Securities and Exchange Commission (SEC), including allegations of negligence in auditing the cryptocurrency exchange FTX, formerly led by Sam Bankman-Fried. Read More

Ex-Celsius CEO Mashinsky blames CFO amid 100-year prison threat

Former Celsius CEO Alex Mashinsky has asked the court to permit testimony from six former employees of the crypto firm as he faces the possibility of over 100 years in prison. Read More

Coinbase exec launches TrueX exchange, using PayPal’s PYUSD for settlement

A team of former Coinbase executives has announced the launch of TrueX, a new digital asset exchange that will use PayPal’s stablecoin, PYUSD, as its primary settlement currency. Read More

WazirX blames Binance for restricting repay of hack victims

Hackers behind the July 2024 $230 million theft from Indian crypto exchange WazirX continues to move stolen funds, transferring 5,000 ether early Thursday to the privacy service Tornado Cash. Read More

Bitget sponsors La Liga, mulls renewal of Lionel Messi contract

Crypto exchange Bitget has secured a multi-million dollar partnership with Spain’s premier football league, La Liga, as its official crypto partner. Read More

Judge approves Terraform’s bankruptcy plan to wind down operations

A U.S. bankruptcy court has approved Terraform Labs’ plan to wind down its operations as part of the firm’s Chapter 11 bankruptcy proceedings. Read More

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#Weekly #Roundup #SEC #Targets #NFTs #WazirX #Blames #Binance #Walks #Free

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