In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…
Coinbase Wallet Victory Against SEC Charges Marks Significant Milestone for DeFi
In a significant legal development, a United States judge has ruled in favor of Coinbase Wallet, dismissing allegations and delivering a blow to the Securities and Exchange Commission (SEC). This decision has far-reaching implications for the world of cryptocurrency, particularly…
US Prosecutors Charge KuCoin and Founders for Alleged Anti-Money Laundering Violations
In a recent development, US prosecutors have charged KuCoin, one of the world’s largest cryptocurrency exchanges, along with two of its founders, for allegedly failing to comply with American anti-money laundering (AML) regulations. The charges stem from KuCoin’s purported negligence…
Ripple Labs Faces SEC in Court Over XRP Token Status, $2 Billion in Fines Sought
Ripple Labs Inc., is currently embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC) over the status of its digital token, XRP. Ripple’s Chief Executive Officer, Brad Garlinghouse, recently disclosed that the SEC is seeking…
Ethereum and SEC Investigation: Impacts and Industry Response
The digital-asset world continues to operate normally despite recent concerns raised by the US Securities and Exchange Commission’s (SEC) investigation into the Ethereum Foundation, the primary organization supporting the second-largest cryptocurrency. This investigation has brought to the forefront a longstanding…
Ethereum Faces SEC Legal Challenge in 2024, Threatening Spot ETF Approval and Market Stability
The US Securities and Exchange Commission (SEC) has initiated a legal campaign aimed at classifying Ethereum as a security. This development has far-reaching implications for the industry, particularly regarding the approval of a Spot Ethereum Exchange-Traded Fund (ETF) this year.…
SEC Probes Ethereum Foundation Amid Cryptocurrency Regulatory Expansion
The US Securities and Exchange Commission (SEC) has recently initiated an inquiry into the Ethereum Foundation’s transactions as part of its ongoing review of Ether, the world’s second-largest cryptocurrency. This move represents a significant escalation by the SEC in its…
Federal Judge Nods to $21 Million SEC Settlement with Genesis Global Capital
In a significant development within the cryptocurrency industry, a federal judge has given approval to the settlement reached between Genesis Global Capital, a bankrupt crypto firm, and the Securities and Exchange Commission (SEC). The settlement revolves around allegations that Genesis…
SEC Legal Battle with Gemini and Genesis Over Unregistered Securities Claims
The Securities and Exchange Commission (SEC) has made significant progress in its case against Gemini Trust Co. and Genesis Global Capital, accusing them of illegally offering unregistered securities through their interest-paying product, Gemini Earn. US District Judge Edgardo Ramos recently…
Explore the potential impact of the SEC’s decision on Ethereum ETFs by May 23
The investment world stands at the cusp of a potentially transformative event. In May, the U.S. Securities and Exchange Commission (SEC) is poised to make a decision that could forever alter the landscape of cryptocurrency investment. The focus is on…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
