Weekly Roundup: Binance to delist USDT, Bakkt up for sale

abdelaziz Fathi

The FX, Fintech, and cryptocurrency markets have been buzzing with action this past week, as usual. Stay in the loop and ahead of the game with a handpicked collection of top updates and stories.

Weekly Roundup: Binance to delist USDT, Bakkt up for sale

New York sues NovaTech over $1 billion crypto pyramid scheme

Cynthia and Eddy Petion targeted minority communities, Haitians in particular, in prayer groups and WhatsApp group chats with advertisements in Creole, and religious messages that appealed to their faith. Read More

Robinhood to acquire Bitstamp for $200 million in 2025

Robinhood has announced it has reached a deal to acquire Bitstamp, the crypto exchange founded in 2011 and with offices in Luxembourg, the UK, Slovenia, Singapore, and the United States. Read More

CFTC charges Donald Wray Rodgers with $2 million Ponzi scheme

The Commodity Futures Trading Commission has sued Three Bridges Trading Fund, LLC, and its owner Donald Wray Rodgers for operating a Ponzi scheme. Read More

Visa and Mastercard expand payments solutions in Latin America

Visa and Mastercard are further expanding their payment solutions and networks in Latin America, namely in Colombia and Uruguay. Read More

Prop trading like never before – FPFX Tech at iFX EXPO LATAM

At the vibrant iFX EXPO LATAM 2024 in Mexico City, FinanceFeeds had the privilege of attending and covering this landmark event, the first of its kind in the Latin American region. Read More

ICE’s crypto arm Bakkt explores sale or breakup

Digital asset firm Bakkt, which is owned by Intercontinental Exchange (ICE), is exploring various strategic options, including a potential sale or breakup. Read More

Keith Gill poised for billionaire status as GME shares surge

Keith Gill, the stock trader famed for his role in the 2021 GameStop short squeeze, is on the verge of becoming a billionaire as GameStop shares continue to rise. Read More

UAE to allow issuance of dirham-backed stablecoins

The board of directors of the Central Bank of the United Arab Emirates (CBUAE) has approved a new system to oversee and license stablecoins. Read More

FTX reaches tentative $24 billion tax settlement with IRS

Bankrupt cryptocurrency exchange FTX has reached a tentative agreement with the United States Internal Revenue Service (IRS) to settle a $24 billion tax dispute. Read More

Chinese trader loses $1 million in Binance hacking scam

A Chinese trader lost $1 million after falling victim to a hacking scam involving a promotional Google Chrome plugin called Aggr. Read More

Binance may ban Tether and other stablecoins in Europe

Binance plans to impose restrictions on the availability of stablecoins in the European Union (EU) that are deemed “unregulated” under the EU’s new Markets in Crypto-Assets Regulation (MiCA). Read More

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Clone of Admiral Markets draws FCA attention

The United Kingdom’s financial markets watchdog today unmasked another fraudulent entity, this time bringing to light a clone firm that has been posing as FCA-‎authorised brand, Admiral Markets UK Ltd.

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Gemini Earn users to recover $2.18 billion in crypto payouts

Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General (NYAG), announced on Friday.

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