Weekly Roundup: Colombian president funded by crypto scam, Coinbase sued over Solana

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.

Colombian president funded by crypto scam

FX Markets

Webull becomes the first U.S. retail broker to enter Thailand

Webull has announced the launch of its retail brokerage services in Thailand, authorized by the Thai Securities and Exchange Commission. Read More

GSR and Virtu become the first to use EDXM for Crypto OTC trade settlement

EDXM Global has introduced a settlement platform that streamlines OTC transaction settlements with speed and reliability. GSR and Virtu Financial were the first firms to use the new platform for trade settlement. Read More

oneZero taps Options’ normalized market access data model

Options Technology has expanded its partnership with oneZero to build upon the existing integration between oneZero and Options Activ’s consolidated data service. Read More

ASIC fines JP Morgan for allowing 36 suspicious futures orders on ASX 24

The broker’s failure to identify its client’s trading as suspicious was “careless”, according to ASIC’s Markets Disciplinary Panel. Read More

Trading 212 offers multi-currency cards to its clients

London-based online broker Trading 212 has teamed up with Paynetics, a regulated e-money services provider, to offer real-time payment and banking services to customers. Read More

Crypto Digest

Tether CEO denies Bitfinex data breach by FSociety

Bitfinex chief technology officer Paolo Ardoino has definitively refuted recent allegations of a data breach involving the cryptocurrency exchange, describing the claims as “fake.” Read More

Cred executives indicted on fraud charges following bankruptcy

Three former executives of the now-bankrupt crypto lender Cred were indicted for conspiracy to commit wire fraud, wire fraud, and conducting financial transactions for illicit purposes. Read More

Chainalysis joins Emirates NBD’s Digital Asset Lab

Chainalysis, the renowned blockchain data platform, has been announced as the new key council member of the Digital Asset Lab, a council founded in May 2023 and led by Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region. Read More

SBI becomes chain validator of Chiliz’s sports Web3 ecosystem in Japan

Chiliz, the blockchain provider for sports and entertainment, has plans to establish a Joint Venture (JV) with SBI’s digital asset arm in Japan. Read More

Coinbase faces new lawsuit for selling Solana, Polygon and Uniswap

Coinbase and its CEO, Brian Armstrong, are facing a new class-action lawsuit filed in the United States District Court for the Northern District of California, San Francisco Division. Read More

Robinhood receives SEC enforcement notice over crypto trading

Robinhood Markets announced on Monday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC), hinting at a potential enforcement action concerning its cryptocurrency trading activities. Read More

FTX creditors to receives 118 cents on dollar, call for crypto payouts

The recent draft recovery plan released by the bankrupt crypto exchange FTX has spurred a big jump in the value of claims, with estimates suggesting most creditors could see a recovery rate of 118%. Read More

Revolut launches retail crypto trading platform in UK

Fintech giant Revolut has expanded its cryptocurrency services by launching a new trading platform called Revolut X in the United Kingdom. Read More

Eclipse CEO Neel Somani steps down amid sexual assault allegations

Eclipse CEO and founder Neel Somani announced that he will temporarily step back from his role at the company in light of renewed sexual harassment allegations against him. Read More

Colombian president under fire for Daily COP’s crypto donations

Colombian President Gustavo Petro is embroiled in controversy following allegations that he accepted over $500,000 in cryptocurrency from a fraudulent crypto project to fund his 2022 presidential campaign. Read More

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Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.


Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.


$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FOMC Minutes, UK Inflation Data, USD, May 22 ,2024

FOMC minutes reveal Fed’s stance on inflation and rates. Hawkish hints could raise USD as investors seek higher returns. Dovish tones might weaken the dollar.