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CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans


The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises...

Nintendo And The Pokémon Company Are Suing Palworld Developer


Remember back in January when The Pokémon Company said it planned to “investigate” monster-taming game Palworld for intellectual property rights infringement? Well, it looks like Pikachu and friends are officially filing a lawsuit against the game’s developer.Read more

Kraken Crypto Exchange Fined by Australian Court


The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...

Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status


The CFTC has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration. The post Falcon Labs Settles with CFTC in Landmark Case Over...

Animoca Brands Japan inks a deal with SQUARE ENIX CO. LTD


A strategic agreement has been reached between Animoca Brands and SQUARE ENIX CO. LTD. to increase the visibility of the game SYMBIOGENESIS, which was developed by SQUARE ENIX. It comes with 10,000 NFT entities with game functionality. Animoca Brands Japan will leverage its extensive experience...

Alameda Research Drops Lawsuit Against Grayscale Amid GBTC Outflows


Alameda Research Ltd., the hedge fund associated with the bankrupt cryptocurrency exchange FTX, has voluntarily dropped its lawsuit against Grayscale Investments amid GBTC outflows. According to court filings from January 22, Alameda opted out of suing Grayscale, its CEO Michael Sonnenshein,...

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