Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…
Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried
Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…
Hong Kong plans to make crypto purchase and trading legal for all of its citizens
While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…
Former Coinbase Executive Admits to Insider Trading Scheme
A former product manager of Coinbase Global Inc., Ishan Wahi, pleaded guilty in what is being considered the first-ever insider trading case related to cryptocurrency. The 32-year-old appeared in a federal court in Manhattan and pleaded guilty to two counts…
SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets
The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…
Curtains Closing On Ripple Case After 2-year Legal Battle
Ripple is finally looking forward to the SEC lawsuit’s resolution after nearly two years of protracted litigation. Ripple’s Counsel Drops Suit Hints On December 6th, Stuart Alderoty, the general counsel at Ripple, forwarded a tweet from Brad Garlinghouse in which…
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet
On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…
SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises
Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…
SEC Goes After Trade Coin Promoters Alleging $295 Million Scam
The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…
XRP Tanks After Ripple’s Newest Attack On the SEC Case
According to a tweet from Ripple general counsel Stuart Alderoty on October 20, the U.S. SEC has sent documents related to former director William Hinman to Ripple (XRP). The crypto business resisted the SEC’s move for summary judgment as well.…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
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,…
