Features Crypto News by Thebittimes.Com

Crypto.com, one of the leading crypto trading platforms, announced that Thomas Pevot had been promoted to Head of French Operations, as reported to Finbold on Wednesday, April 9. Pevot’s promotion underscores not only the company’s growing efforts to establish a firmer presence in France but its ambitions in the broader European market as well. Thomas Pevot’s career Prevot has a rich background in marketing, technology, and business development, having held positions at companies such as Google, TBWA, and R/GA. A member of Crypto.com since 2021, he will now oversee the company’s business development, regulatory compliance, strategic alliances, and fintech innovation in France.  During his time at Crypto.com so far, he has managed cross-functional teams responsible for the platform’s digital asset portfolio, including non-fungilbe tokens (NFTs), helping realize some key partnerships and contributing to user engagement and growth.  In addition to his...

The city of Nancy has officially opened the trial of the ‘Red Card’ scam case, which saw over a thousand victims, including some of France’s top football clubs, lose €28 million ($30 million) through fake cryptocurrency and diamond investment schemes, Twenty-two defendants appeared in the city’s convention center on Monday to hear opening statements. The venue was chosen because a courtroom couldn’t accommodate the 850 victims represented at trial — one of whom lost €400,000 ($433,000) to what they believed was a “diamond savings plan.” Some even received fake diamonds, worth pennies compared to their investments. The defendants, aged between 28 and 73, are accused of opening 199 bank accounts across 19 countries in order to fund diamond and crypto fraud schemes between 2016 and 2018. ‘Red Card’ case fooled top football teams The Red Card case — ‘Carton Rouge’ in French — was dubbed for swindling...

Binance France has temporarily extended its collaboration with Paysafe. The partnership , which was supposed to end on Sep. 25, has been prolonged to ensure smooth operations. Binance France clients are now urged to convert their fiat balances to crypto. In June, Binance said it was working with Paysafe, the global payment solutions provider, to implement an orderly and fair process to terminate this service over the next few months. In the Sep. 26 update, a Binance France spokesperson said the exchange had negotiated more time for clients and would provide another update on the timeline as soon as possible. However, as the partnership ends, Binance may require users to provide additional information as part of standard compliance checks. You might also like: CommEX, platform that acquires Binance Russia, will offer services in Crimea The announcement comes just over a month after Binance customers in Europe reported issues with fiat withdrawals via the Si...

Neither the lawsuit nor the bear market has stopped Ripple from consistent growth. The network moved forward with its expansion plans and its On-Demand Liquidity [ODL] was seen thriving throughout. Now, in another attempt to boost its ODL business and Europe presence, the network decided to partner with two major platforms in France and Sweden. JUST IN: #Ripple partners with French & Swedish payment providers Lemonway and Xbaht for its ODL system. — Watcher.Guru (@WatcherGuru) October 11, 2022 Over the last couple of months, crypto platforms have been laying their eyes on several European regions. France has been a prominent choice for several exchanges. Bringing ODL services into France, Ripple teamed up with a Paris-based payment provider, Lemonway. The Chief Operating Officer of Lemonway Jeremy Ricordeau noted that Ripple ’s ODL solution brings flexibility while making payments . He pointed out how the network negates, “the traditional banking cut-...