Ripple, the blockchain company, announced on Thursday that it has received preliminary regulatory approval to operate in Singapore. This news comes as a relief to the cryptocurrency industry, which is currently facing stricter regulations in the United States. The Monetary Authority of Singapore, the country’s central bank, has granted Ripple an in-principle approval for a …
Charismatic entrepreneur, Charlie Javice, who is currently facing charges of defrauding JPMorgan Chase & Co in the acquisition of her former college financial aid startup Frank for a whopping $175 million in 2021, arrived at the United States Court in Manhattan, New York City on June 6, 2023. Photo by Mike Segar | Reuters Employees …
Senate Democrats have called on PayPal and Cash App to enhance user protection measures on their peer-to-peer payment apps in order to combat fraud. Senators Sherrod Brown, Elizabeth Warren, Jack Reed, and Bob Menendez have specifically requested detailed information on fraud detection and prevention methods from Venmo, owned by PayPal, and Cash App, owned by …
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Cryptocurrency exchange Binance has announced its departure from the Netherlands as its application to register under the Dutch crypto authorization regime was declined. In reference to a virtual asset service provider, Binance stated on Friday …
Changpeng Zhao, founder and CEO of Binance, greets the audience as he takes the stage for a panel session at the VivaTech Conference in Paris on June 16, 2022. Bloomberg | Bloomberg | Getty Images PARIS — Just before French police paid a visit to Binance’s office in Paris, the top French executive of the …
Jaidev Janardana, CEO of peer-to-peer lender Zopa. Zopa LONDON — British digital bank Zopa is strengthening its management team with key hires to drive growth and prepare for a future public listing. The SoftBank-backed company, which offers credit cards, personal loans, and savings accounts, has exclusively informed CNBC of the appointment of Peter Donlon, former …
FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty Images Federal prosecutors have submitted a request to a judge on Thursday, seeking the removal of five charges against alleged cryptocurrency fraudster Sam Bankman-Fried. The charges …
Zepz, the parent company of popular money transfer brands WorldRemit and Sendwave, is actively seeking mergers and acquisitions following a recent reduction in its workforce. The company’s CEO, Mark Lenhard, revealed to CNBC that Zepz, with a valuation of $5 billion and prominent investors like Accel, TCV, and Leapfrog, aims to expand its portfolio of …
Binance’s struggles in the United States continue as the exchange announced that its customers would no longer be able to purchase crypto using U.S. dollars on its platform starting June 13. The decision was made as Binance’s payment and banking partners signaled their intent to pause USD fiat channels. The move comes in the midst …