Celsius boss Alex Mashinsky may be largely responsible for many of the firm’s unprofitable trades leading up to its bankruptcy. A new report from the Financial Times (FT) suggests that the CEO may have taken over trading operations back in January. He then took actions with company funds that overruled the decisions of other executives with multiple years of finance experience. Mashinsky’s Massive Trades The latest info is according to multiple people familiar with the matter – though the information…
Tag: Philippine
Binance Unfazed By SEC Opposition to Philippines Entry
Major exchange Binance appears unbothered by the stiff opposition it has received in its bid to expand to the Philippines. In a recent interview, the company’s Asia-Pacific executive Leon Foong expressed their eagerness to start operations in the region. Binance Isn’t Focused on “Lobbying Bodies” Earlier this month, the Philippine Securities and Exchanges Commission (SEC) issued a warning about Binance to the public. The regulators advised residents against using the platform’s services. This came as a response to complaints from policy…
6 days ago 253
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Infrawatch PH Calls On Philippine Govt to Ban Binance Over Illegal Promotions
Philippine-based public think tank Infrawatch PH has asked the Department of Trade and Industry (DTI) to probe Binance over illegally promoting offers in the country. Infrawatch PH made this request through a letter, claiming that the exchange has been targeting Filipino users with unregistered offers. The letter, which the think tank’s Convenor, Terry Ridon, addressed to DTI Secretary Ramon Lopez, read: We would like to bring to your immediate attention the illegal sales promotion of Binance which presumably have been…
1 month ago 449
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PayMaya, Philippines-based Top Payment App, Launches Crypto Feature
Popular Philippines-based payment platform, PayMaya recently announced a new crypto feature on its app. This feature would allow app users to trade digital assets with the app. PayMaya is using this feature to pave the way for newbies who want to enter the market. Rolling out this feature will enable PayMaya to simplify crypto activities for Filipinos. As a result, Filipinos would be able to use cryptocurrencies without needing crypto exchanges. This way, they escape the KYC hurdles that come…
4 months ago 767
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