Cryptoassets | FinTelegram News

Tag: Cryptoassets

July 3, 2019

Good news: FCA considers a ban of crypto-CFDs for retail investors

In a recently published document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a..

Crypto-Trading

May 16, 2019

Coinbase Custody With $1 Billion Cryptoassets Under Management

Brian Armstrong, CEO of major the U.S. crypto exchange Coinbase, said that its custody service has already received $1 billion in cryptoassets under management (cAUM)..

May 12, 2019

Weekly Crypto Note – The New Crypto Bull Cycle Takes Off

Good news for all crypto investors and friends of cryptoassets. The crypto winter should be finally gone us after the week behind us. The crypto..

May 8, 2019

Weekly Crypto Note – Is Facebook Coin The Best Thing Ever Happened To Crypto?

Many have legitimate concerns about the future of the FX retail industry after the huge wave of fraud surrounding binary options and CFDs. Great hopes..

Crypto-Trading

May 6, 2019

Cryptoassets Become The New Forex For US Traders

The forex industry has known for a long time already – cryptoassets trading is the next-generation forex. After the ban on binary options, forex brokers..

Crypto-Trading

May 3, 2019

Fidelity Survey Supports Crypto Spring

Bloomberg reported about a Fidelity Investments survey according to which half of institutional investors consider cryptoassets to be worthy of holding in portfolios. It’s another..

April 28, 2019

Crypto Investing in Q1 2019 – STOs On The Rise

Most recently, the Circle Report presented the rising volume of cryptoassets under management (cAUM) among institutional investors in Q1-19. That’s good news for the market..

Crypto-Trading

April 27, 2019

Circle Crypto Research – Institutional Cryptoassets Holdings Increased 40% In 1Q19

According to a Circle Research Report, cryptoassets under management (cAUM) increased by over 40% q/q in 1Q19 vs. the 22% q/q increase in 4Q18. This..

Compliance

January 25, 2019

UK Regulator FCA Proposes Crypo Regulation

The UK Financial Conduct Authority (FCA) published a Consultation Paper on crypto regulation this week. In it, the regulator specifies its proposals on how crypto activities..

CFTC Targets Polymarket and Offshore Crypto Betting Platforms Amid U.S. Presidential Election!

The CFTC’s crackdown on Polymarket and other offshore crypto platforms signals a new phase of enforcement in the prediction market space, where the intersection of derivatives and elections raises complex compliance challenges. With over $930 million in bets placed on Polymarket’s "2024 Presidential Election Winner" market, regulators are taking notice.

SEC
US DOJ

U.S. DOJ and SEC Charge Former CEO and CFO With Fraud and Misleading Auditors!

SEC and DOJ cracked down on fraudulent financial reporting at the tech company Kubient. The company's top executives were misleading investors about revenue, which was central to raising millions. Former CEO Paul Roberts faces up to 20 years for orchestrating this scheme. Kubient is a digital advertising technology whose shares were publicly traded on the Nasdaq between August 2020 and November 2023 under the ticker “KBNT.”

U.S. Tech Companies Face Mounting Regulatory Penalties from EU Authorities

Regulators in the EU are steadily increasing pressure on U.S. tech companies, hitting them with billions in fines for antitrust violations and data privacy breaches. This regulatory offensive is reshaping how these companies operate, especially as new laws like the DMA and DSA come into play. While the U.S. has also taken action against tech giants, the largest monetary penalties have come from European regulators.

Google Wins Major Legal Victory in €1.49 Billion EU Antitrust Case

Google’s legal win against the €1.49 billion fine sets a new precedent in Big Tech’s battle with EU regulators, but the scrutiny is far from over as antitrust challenges mount on multiple fronts. Last week, the EU's top court upheld a fine of €2.42 billion imposed on Google for abusing its dominant position by favoring its comparison shopping service. The war of EU regulators against the dominating U.S. tech companies is far from over.

Auditors
SEC

Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits!

Auditor firm Prager Metis’s negligence in auditing FTX stripped investors of crucial protections, ultimately exposing them to the collapse of one of the biggest crypto frauds in history. The firm agreed to pay $1.95 million to settle charges related to the FTX audits and separate auditor independence violations. The U.S. SEC’s action underscores auditors' vital role as financial gatekeepers.