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Coinbase’s UK Unit Slapped With $4.5M Fine for Violating High-Risk Customer Ban

Coinbase’s UK unit – CB Payments Limited (CBPL) – was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that barred the firm from providing services to high-risk customers. While CBPL itself does not handle crypto transactions for customers, it serves as a “gateway” for trading through other entities within the Coinbase Group. However, CBPL is not currently registered to conduct crypto...

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Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

[PRESS RELEASE – Hong Kong, Hong Kong, July 25th, 2024] Nexabot AI, the leading developer of crypto tools based on Artificial Intelligence, has announced the launch of an innovative Cronos EVM trading bot. The bot provides Telegram users with a seamless and user-friendly interface for trading and monitoring assets on the Cronos EVM blockchain network. Nexabot AI has partnered with VVS Finance, the leading DEX on Cronos EVM, and is incubated by Cronos Labs, the $100M funded...

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Tanssi Supports Grupo Flow, One of Brazil’s Largest Digital Media Ecosystems, in Major Blockchain Expansion on Polkadot

[PRESS RELEASE – Tortola, BVI, July 25th, 2024] The Tanssi appchain infrastructure protocol has announced a significant collaboration with Grupo Flow, one of Brazil’s largest media ecosystems, boasting over 23 million subscribers across multiple platforms. As Grupo Flow transitions into the blockchain space with the creation of Flow Chain, this collaboration signifies a milestone. Tanssi will facilitate this move, not only bringing Grupo Flow’s vast community into the...

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Bitcoin Briefly Topped $68K as Biden Dropout Riled Up Crypto Bulls

Bitcoin’s volatile journey continues to captivate investors and traders alike. Recently, the world’s largest cryptocurrency made headlines by briefly rising past $68,000, largely due to a significant political development in the United States. President Biden’s announcement of his withdrawal from the upcoming election stimulated a hope among crypto enthusiasts and traders. The Impact of Biden’s Announcement on Bitcoin BTC gains started late Sunday, as current U.S. president Joe Biden said in...

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Vom Fintech zur echten Bank: Revolut erhält Banklizenz

Revolut, das in London ansässige Fintech-Unternehmen, hat nach drei Jahren einen entscheidenden Sieg errungen: Die britische Finanzaufsichtsbehörde hat dem Unternehmen eine Banklizenz erteilt, wie Revolut auf dem eigenen Firmenblog schreibt. Dieser Meilenstein festigt Revoluts Position auf dem Heimatmarkt und ebnet den Weg für eine umfassende Expansion des Bankgeschäfts. Obwohl die Lizenz mit gewissen Einschränkungen verbunden ist, die einen schrittweisen Ausbau erfordern,...

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