Weekly Roundup: Darren Robinson fined $11M, Binance’s CZ walks free in August

abdelaziz Fathi

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.

Darren Robinson fined $11M, Binance’s CZ walks free in August

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

Read this next

Digital Assets

SEC apparently approved Ether ETF as VanEck’s listed by DTCC

Amid increasing speculation about the possible approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

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.

Chainwire

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.

Chainwire

$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.

<