UK regulator sues crypto exchange HTX over unlawful promotions

UK regulator sues crypto exchange HTX over unlawful promotions

Britain’s markets regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority said on Wednesday it had launched civil proceedings in London’s High Court against HTX, formerly known as Huobi, for breaching Britain’s…

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Binance Tops PYMNTS’ Provider Rankings of US Crypto Apps

Binance Tops PYMNTS’ Provider Rankings of US Crypto Apps

Cryptocurrency apps in the U.S. have surged in popularity due to factors such as the potential for profit, low transaction fees, and increasing user accessibility. These platforms allow users to trade cryptocurrencies easily, offering a decentralized, peer-to-peer model that reduces reliance on traditional financial institutions. The ability to buy low and sell high has attracted…

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