Tech

Spanish banking giant Santander is planning to start offering crypto trading services in Brazil in the coming months. Local newspaper Folha de S. Paulo reported on July 28, citing the bank’s CEO, Mario Leao. According to Leao, Santander might introduce crypto trading in its next quarterly results or earlier. Explaining why the bank has decided to offer crypto services, Leao said: We recognize that it is a market that is here to stay, and it is not necessarily a reaction…

Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails.  The vendor said that one of…

Zodia Markets, a crypto exchange focused on institutions, has launched in the UK after registering with the Financial Conduct Authority (FCA). The company, which is a subsidiary of Zodia Custody, announced on July 28. By registering with the FCA, Zodia Markets can now offer UK-based institutional customers crypto trading and brokerage services. According to the announcement, Zodia Markets is the first international bank-backed crypto business that the FCA has listed on the UK Financial Services Register. Commenting on this development,…

Bankrupt crypto lending platform Celsius Network has filed a motion to retain its former CFO, Rod Bolger, as an advisor. The company filed the motion on July 25, looking to keep Bolger for at least six weeks. Bolger would advise on the company as it goes through bankruptcy proceedings. Bolger tendered his resignation on June 30, just over two weeks after Celsius halted withdrawals. Celsius required him to give eight weeks' notice, which he did. Effectively, this means Bolger is…

The US Securities and Exchange Commission (SEC) is investigating whether Coinbase allows customers to trade unregistered securities. Bloomberg reported on July 26, citing three people familiar with the matter. Allegedly, the regulator started looking into Coinbase’s operations after the exchange listed new tokens. At the moment, Coinbase lets Americans trade over 150 crypto tokens. Should the investigation find that some of these tokens are securities, Coinbase could have to register with the SEC. However, Coinbase Chief Legal Officer Paul Grewal…

Crypto financial services company BlockchainCom revealed on Tuesday that clients’ emails were compromised in a data breach on July 20th. Though customers’ funds weren’t affected, they may have been targeted with fraudulent emails from people posing as the exchange.  Beware of Scam Emails, Warns BlockchainCom In an email shared with affected clients, the firm explained that BlockchainCom’s internal systems were not impacted. Rather, the initial data breach occurred against the exchange’s third-party vendor SendGrid. BlockchainCom was notified just a day…

Per several reports, leading exchange FTX and South Korea’s crypto platform Bithumb could be working on a likely acquisition deal. FTX exchange has notably embarked on an accretion spree this year alone, absorbing more than three major companies. New Purchase Speculations Amidst declining market conditions, several crypto companies are struggling to remain afloat. However, despite the downsides of the bear market, it also presents more stable firms with certain opportunities. Those with sufficient fund reserves get the chance to acquire…

Finland has secured $47.5 million after selling around 1,890 seized Bitcoin (BTC). Yle, Finland’s national public broadcasting company, reported, citing an announcement from the  Finnish Customs on Thursday, July 21. According to the agency, the BTC came from drug busts and was legally forfeited to the state after court rulings. The bulk of the BTC - around 1,666 came from raids before 2018. However, Finnish authorities took their time before deciding what to do with the funds. The government announced…

Solidproof, one of the crypto industry’s top auditors, has recently verified its social channels, including Twitter, YouTube, and Telegram. It is an important step in the German company’s development and mission to provide complete transparency. Meanwhile, Solidproof continues to audit the smart contracts of new projects and perform KYC verifications on their development teams. The company provides constant updates on all its audits on the official website. This way, it ensures crypto users have an accurate image of the projects…