Weekly Roundup: Darren Robinson fined $11M, Binance’s CZ walks free in August
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 Markets: Regulatory Crackdown on One End
On-the-run Darren Robinson ordered to pay $11 million for FX Ponzi scam
Darren Robinson scammed 38 people out of $7,196,365.37 through a Forex Ponzi scam. He is currently a fugitive from U.S. law enforcement. Read More
Idin Dalpour charged with fraud in $43M Ponzi scheme
Idin Dalpour has been charged with wire fraud related to an alleged Ponzi scheme that defrauded investors of over $43 million. Read More
Alpha Group advances to LSE’s premium listing, eyes FTSE index
Foreign exchange service provider Alpha Group International plc (AIM: ALPH) today confirmed its upgrade to the premium list of the London Stock Exchange’s main market. Read More
B2Prime eyes 182 brokers in Seychelles with new FSA license
B2Prime has obtained a security dealer license in Seychelles as part of its efforts to expand global operations and opening doors to its liquidity services for local brokers, hedge funds, money managers, institutional clients, and liquidity providers. Read More
Industry experts tackle T+1 settlement challenges in FX
FinanceFeeds spoke with Alex Knight, Head of EMEA, Baton Systems; Craig Stirling, Head of Securities Product at AccessFintech; Tomo Tokuyama, EVP Managing Director of FX at Trading Technologies; and James Maxfield, Chief Product Officer at Duco; to ascertain their perspectives on the challenges ahead. Read More
Securitize raises $47m from BlackRock, Tradeweb, Circle, Paxos
Securitize has raised $47 million in a funding round led by BlackRock, followed by Hamilton Lane, ParaFi Capital, and Tradeweb Markets. Other strategic investors in the round include Aptos Labs, Circle, and Paxos. Read More
CFI secures Category 1 FSP license from South Africa’s FSCA
CFI has secured a Category 1 Financial Service Provider (FSP) license by the Financial Sector Conduct Authority (FSCA) in South Africa. Read More
Nasdaq fines IBKR $475,000 for corporate actions failures
IBKR has engaged in remedial measures to compensate customers who were directly harmed by the late processing of corporate actions. Read More
Crypto Digest: Is the Regulatory Ice Thawing for Binance?
Mystery surrounds death of Mirror Trading’s CEO Steynberg in Brazil
Johann Steynberg, the South African behind a notorious bitcoin Ponzi scheme, has reportedly died under suspicious circumstances while under house arrest on a farm in Brazil’s Goiás state. Read More
MicroStrategy raises $1.5 billion to buy more bitcoins
MicroStrategy, the largest corporate investor in bitcoin, has raised over $1.5 billion in the first quarter and used it to buy more bitcoin (BTC). Read More
OKX and Manchester City announce ‘Blue Moon’ NFTs
The cooperation between OKX and Manchester City has now resulted in a new NFT offering with the launch of the second design of ‘Unseen City Shirts. Read More
Interactive Brokers HK launches spot Bitcoin and Ether ETPs
Interactive Brokers has launched Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs), available to trade on the Hong Kong Stock Exchange. Read More
FTX offloads another batch of Solana tokens at $85 to $110
The FTX estate is concluding its second round of sales for locked Solana tokens to reduce the debt of the now-defunct cryptocurrency exchange, with bids reaching around the $100 mark. Read More
Ripple signs SBI, HashKey to launch XRP in Japan
SBI Group is set to become the first Japanese corporation to implement XRP Ledger (XRPL) blockchain solutions for supply chain management. The alliance comes as Ripple expands the use of enterprise blockchain solutions in Japan. Read More
Binance’s CZ sentenced to four months in prison
Changpeng Zhao, the former CEO of Binance, has been sentenced to four months in prison in Seattle after pleading guilty to money laundering charges. The sentencing took place on Tuesday, during which Zhao expressed remorse and took responsibility for his actions. Read More
Bitcoin.com founder arrested in Spain on tax evasion charges
Roger Ver, an early Bitcoin investor known as “Bitcoin Jesus,” has been arrested in Spain facing U.S. charges of evading $48 million in taxes. The U.S. Department of Justice announced the charges, which include mail fraud and tax evasion, following the unsealing of an indictment filed in Los Angeles. Read More
Liminal gets pre-approved for digital asset custody service in UAE
Liminal has secured an Initial Approval from VARA, Dubai’s Virtual Asset Regulatory Authority, through its Dubai entity, First Answer Custody FZE. Read More
Crypto influencers join forces to support Bitcoin Deserves an Emoji
The 50-day Change.org petition will culminate in a formal proposal to the Unicode Consortium within their 2024 submission period. Read More
