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