Crypto.com, has recently taken legal action against the US Securities and Exchange Commission (SEC) in response to a Wells Notice, a prelude to enforcement actions. The lawsuit comes amid increasing regulatory scrutiny in the cryptocurrency industry, particularly concerning the SEC’s…
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FTX Bankruptcy Approved to Repay Customers After Platform Collapse
The collapse of FTX marked one of the most significant financial events in the cryptocurrency sector, creating shockwaves across the global financial markets. Customers, investors, and creditors were left in a lurch, as billions of dollars worth of assets were…
Binance market share falls to its lowest point in four years. Can CZ chance that ?
Binance, as the largest cryptocurrency exchange globally, has been an influential force within the digital asset market. However, recent developments have seen the platform face multiple challenges, notably in terms of market share and its regulatory standing. Despite efforts to…
Coinbase legal battle with SEC sparks debate on digital asset rules
Coinbase has become the focal point of an ongoing legal battle with the US Securities and Exchange Commission (SEC). This clash represents a broader issue faced by the crypto industry regarding regulatory uncertainty surrounding digital assets. The company has pushed…
Nigerian Court Ruling on Binance Executive Bail Set for October 9
A legal case involving cryptocurrency giant Binance has taken center stage in Nigerian courts, with global implications for both the digital currency landscape and international relations. The outcome of this case may not only affect Binance’s operations but also highlight…
Galois Capital fined by SEC for improper asset handling with FTX
Galois Capital Management, a crypto investment firm, has been in the spotlight recently due to its entanglement with the Securities and Exchange Commission (SEC). The firm is facing a significant $225,000 fine after the SEC alleged that it violated crucial…
MakerDAO rebrands to Sky and introduces new tokens and app
MakerDAO is set to rebrand as Sky in an effort to enhance its appeal and broaden its user base. This rebranding comes as part of a strategic overhaul designed to rejuvenate the platform’s presence and attract a wider audience. MakerDAO,…
Hong Kong Crypto Exchanges Struggle to Secure Full Licenses
Hong Kong is at a critical juncture as it navigates the complex and evolving landscape of digital assets. The city, long considered a financial hub in Asia, is now pushing to establish itself as a leading center for cryptocurrency and…
Kraken Exchange Required to Defend Against SEC Claims on Exchange Status
Kraken has recently found itself at the center of a legal battle with the U.S. Securities and Exchange Commission (SEC). The core of the dispute revolves around whether the platform is operating as an unregistered securities exchange. A federal judge…
Binance Crypto Exchange Reopens in India After Securing Local Registration
In recent developments, global cryptocurrency exchanges, including Binance, have resumed operations in India after being temporarily banned. These exchanges were initially restricted due to their lack of registration with the Indian authorities. However, the landscape has since shifted, allowing Binance…