The U.S. Securities and Exchange Commission (SEC) has recently shaken up the cryptocurrency industry by targeting two of the largest cryptocurrency exchanges in the country. As part of its enforcement action, the SEC has classified several tokens, including Cardano, as…
Two Russian Nationals Face U.S. Justice Department Charges Over Crypto Exchange Hacks
In a significant development in the world of cryptocurrency, the U.S. Justice Department has unsealed charges against two Russian nationals, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29. The charges relate to the 2011 hack of the cryptocurrency exchange Mt. Gox…
Over 400 Businesses Embrace Bitcoin in the Philippines
In a significant stride towards the adoption of cryptocurrency, Pouch Philippines, a pioneering payment company, has been instrumental in facilitating Bitcoin payments for businesses across the Philippines. Since its inception in 2021, Pouch.ph has been a catalyst for change, encouraging…
Solana Foundation Asserts SOL is Not a Security, Despite SEC’s Classification in Recent Lawsuits
In response to the U.S. Securities and Exchange Commission’s (SEC) recent classification of its SOL token as an unregistered security, the Solana Foundation has voiced its disagreement as told to CoinDesk at Solana’s New York City Hacker House. This classification was…
SEC Chair Gary Gensler says crypto is all “hucksters, fraudsters, scam artists” – Piper Sandler Global Exchange
In a recent development that has sent ripples across the cryptocurrency industry, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has likened the current state of the crypto market to the chaotic financial landscape of the 1920s, prior to…
SEC Chair Gary Gensler’s Alleged 2019 Offer to Advise Binance: A Twist in the Crypto Regulatory Saga
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…