Key Points: In an unexpected twist in the ongoing saga of cryptocurrency regulation, lawyers for Binance and its founder, Changpeng Zhao, have alleged that SEC head, Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), offered…
SEC seeking court Approvals to Freeze Binance US Crypto Assets
In a significant move, the U.S. Securities and Exchange Commission (SEC) is actively seeking court approval to freeze cryptocurrency assets associated with Binance US. This action, aimed at ensuring customer asset safety, underscores the SEC’s commitment to regulatory oversight in…
Alabama Securities Commission Alleged Securities Violations to Coinbase
In a significant development in the cryptocurrency industry, the Alabama Securities Commission (ASC) has issued a Show Cause Order to Coinbase, a leading crypto asset company. The order demands that Coinbase provide reasons within 28 days as to why they…
SEC’s Sues Coinbase Over Alleged Securities Violations, stock drops over 21% Premarket – A day after SEC sues Binance
The U.S. Securities and Exchange Commission (SEC) has initiated a lawsuit against cryptocurrency exchange Coinbase, alleging that the company has been operating as an unregistered broker and exchange. The lawsuit, filed in New York federal court, demands that Coinbase be…
Cardano’s Charles Hoskinson support’s Binance Amid SEC Charges
In a significant development in the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, has been charged with securities violations by the U.S. Securities and Exchange Commission (SEC). However, this move has been met with strong support from other prominent…
Ex-NFL Co-Owner Reggie Fowler’s Downfall: A Detailed Examination of His Involvement in a $700M Cryptocurrency Scam and Its Consequences
Reggie Fowler, a former co-owner of the NFL’s Minnesota Vikings, has been sentenced to over six years in prison for his involvement in a $700 million cryptocurrency scam. This development comes after Fowler admitted to five federal criminal charges, including…
SEC Charges Against Binance for Alleged Mishandling of Funds and Deception of Regulators
In a significant development in the cryptocurrency industry, the Securities and Exchange Commission (SEC) has accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds and lying to regulators and investors. This sweeping case, filed in federal court, has…
Atomic Wallet Cyber Heist: Over $35 Million in Crypto Stolen in a High-Stakes Security Breach
In an alarming turn of events, Atomic Wallet, a popular cryptocurrency wallet service, recently experienced a major security breach, resulting in the theft of over $35 million in various cryptocurrencies. This incident starkly highlights the security risks surrounding digital wallets…
Russian Authority Detained for Accepting a Monumental Bribe in Bitcoin
In a startling incident in Russia, a state authority figure was recently apprehended for accepting a staggering bribe amounting to $28 million in Bitcoin. This occurrence marks one of the most substantial bribery cases involving cryptocurrencies and puts into question…
Coinbase’s Strategic Move: Introduction of Bitcoin and Ethereum Futures Contracts for Institutional Investors
In a strategic move to cater to the needs of institutional investors, Coinbase Derivatives Exchange has announced its plans to roll out Bitcoin (BTC) and Ether (ETH) futures contracts. This announcement comes amidst the ongoing regulatory challenges faced by the…