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…
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…
OpenSea Faces Legal Challenges Amid SEC Wells Notice
The dynamic landscape of nonfungible tokens (NFTs) continues to be a hotbed of legal and regulatory scrutiny, with OpenSea, the largest NFT marketplace, now under the spotlight of the U.S. Securities and Exchange Commission (SEC). This article delves into the…
SEC Deal Approved by Token Holders Despite No Formal Charges
The crypto industry has been under increasing scrutiny from regulators worldwide, and the United States Securities and Exchange Commission (SEC) has been at the forefront of this regulatory push. Recently, Mango Markets, a decentralized finance (DeFi) platform, became entangled in…
Nigeria SEC Plans to Approve Crypto Platforms as Use Grows
Nigeria is on the cusp of a financial revolution, driven by the rapid adoption of virtual assets such as cryptocurrencies. With the increasing interest in digital finance across the country, Nigeria’s top financial regulators are taking significant steps to harness…
Coinbase Shares Rise After Court Favors Ripple Over SEC
Coinbase Inc., has experienced a significant surge in its stock price following a pivotal federal court ruling. The decision, which ordered Ripple Labs Inc. to pay a substantially reduced penalty compared to what the US Securities and Exchange Commission (SEC)…
Judge Finds Ripple Guilty Ripple to Pay $125million in SEC Case
On Wednesday, a landmark decision was made in the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). The federal judge, Analisa Torres, presiding over the Southern District of New York, delivered a crucial ruling that…
Ethereum ETFs Finally Approved by SEC: New Era for Crypto Investing Begins Today
The SEC has given the green light for trading Ethereum ETFs starting today. This move exposes mainstream investors to the price movements of the world’s second-largest cryptocurrency. So, it was Eric Balchunas, Bloomberg’s senior ETF analyst who confirmed the news.…
Crypto Industry Hopes for Trump Victory to Ease SEC Actions
The crypto industry is closely monitoring the upcoming US presidential election, with hopes that the results might lead to a more lenient regulatory environment. The sector has faced significant scrutiny and enforcement actions under the current administration, particularly from the…
SEC Stablecoin Probe Ends Marking Major Win for Crypto
As the crypto industry evolves, the quest for regulatory clarity regarding SEC stablecoin remains paramount. A recent decision by the Securities and Exchange Commission (SEC) to end its investigation into New York stablecoin issuer Paxos suggests that stablecoins, typically pegged…
Crypto Hacks Reach $1.58 Billion as Market Values Rise
The world of cryptocurrency has always been a double-edged sword. While the decentralized nature of digital currencies offers a wealth of opportunities, it also presents significant risks, especially in the realm of cybersecurity. In 2024, the crypto industry has seen…
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,…
