Tai Mo Shan Ltd. has come under scrutiny following its involvement in the TerraUSD stablecoin crisis. As part of Jump Trading’s crypto unit, the company agreed to a significant settlement with the SEC over claims of misleading trading practices. TerraUSD,…
BIT Mining Faces $4 Million SEC Penalty and $10 Million Fine
BIT Mining, a notable player in the cryptocurrency and online gaming industries, recently faced significant legal and financial penalties due to allegations of corruption and bribery. The details surrounding these allegations shed light on the company’s practices between 2017 and…
Is Ethereum ConsenSys Cutting 20% Staff Amid SEC Pressure?
In recent developments, ConsenSys, a significant software entity driving the Ethereum network, has encountered complex regulatory challenges. This article explores the company’s adjustments amidst a turbulent macroeconomic landscape and evolving cryptocurrency regulations, shedding light on its operational adjustments, regulatory encounters…
How did a hacker spike Bitcoin by hacking SEC account?
In a recent high-profile case, an Alabama man was arrested for allegedly hacking into the Securities and Exchange Commission’s (SEC) X account. This incident has drawn significant attention due to its potential impact on the financial markets and the cunning…
Will the SEC classify Solana and Polygon as securities?
The U.S. Securities and Exchange Commission (SEC) continues its regulatory oversight of the cryptocurrency industry, a sector under intense scrutiny. In one of its recent actions, the SEC has filed a legal complaint against Cumberland DRW, a prominent Chicago-based crypto…
Is the SEC Pressuring Cumberland DRW on Crypto Trading?
The US Securities and Exchange Commission (SEC) has significantly increased its focus on regulating the cryptocurrency industry, especially regarding compliance with securities laws. As digital assets gain more traction, the SEC’s involvement in enforcing regulations has become central to the…
Crypto.com sues SEC over jurisdictional limits and token rules
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…
SEC Forces Mango Markets to Settle Regulatory Claims
The entities associated with Mango Markets, a decentralized finance project, have reached settlements with the US Securities and Exchange Commission (SEC). This follows a series of legal actions taken by the SEC against various crypto projects for allegedly selling unregistered…
BNY gains SEC support for digital asset custody beyond ETF
The Bank of New York Mellon Corp. (BNY), one of the largest custodian banks in the world, has entered the digital assets market, seeking to expand its offerings beyond traditional assets like stocks and bonds. With an established reputation in…
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…
Why Did North Korean Hackers Steal $1.3 Billion in Crypto in 2024?
North Korean hackers have increasingly targeted cryptocurrency platforms, stealing significant amounts and using advanced methods to hide their activities. In 2024, they were responsible for over half of the $2.2 billion lost globally to crypto theft. These attacks often involve…
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,…
