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Potential Zipmex investor asks CEO Marcus Lim to forfeit his shares

Potential Zipmex investor asks CEO Marcus Lim to forfeit his shares

QUICK TAKE A potential investor in troubled crypto exchange Zipmex has asked the company’s founder and group CEO to forfeit all his shares on closing of the investment, an email obtained by The Block shows. The Block has also obtained separate correspondence in which Zipmex co-founder Akalarp Yimwilai offered to resign from his posts and …

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Russian officials approve use of crypto for cross-border payments: Report

Deputy Finance Minister Alexei Moiseev said the policy describes “how to acquire cryptocurrency, what can be done with it” and its use in cross-border settlements. NEWS   The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies. According to a Thursday report from the Russia-based …

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EPL crypto sponsor raises eyebrows by marketing to Russian users

EPL crypto sponsor raises eyebrows by marketing to Russian users

West Ham’s new partnership with DeFi crypto platform PEAKDEFI is facing criticism for actively promoting its cryptocurrency services to Russian users, causing concern about skirting sanctions. Suspicions were raised about PEAKDEFI after football finance expert Martin Calladine found that the West Ham crypto partner is using just two major languages to promote its crypto services …

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Australian Federal Police Established a Crypto Unit to Target Criminals (Report)

The AFP’s cryptocurrency unit will encounter bad actors who use digital assets in money laundering and other financial crimes. The Australian Federal Police – an independent agency responsible for investigating crime and protecting the country’s national security – reportedly formed a new cryptocurrency unit. The goal is to detect criminals who use digital assets in …

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London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

KEY POINTS Jane Street Global Trading filed a judicial review claim in the English High Court on Monday, a memo from LME-owner Hong Kong Exchanges and Clearing (HKEX) confirmed. The filing from the U.S. market maker comes just days after hedge fund Elliott Associates filed a suit for $456 million relating to the same chaotic …

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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%

European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%

KEY POINTS The positive start for European stocks came after markets closed lower last Friday after data showed the U.S. economy added 390,000 jobs in May. The latest U.S. inflation reading at the end of the week will be a key focus for investors. LONDON — European stocks advanced on Monday as international markets gear …

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