Search
Lido Finance discloses 20 slashing events due to validator config issues
12.10.2023
The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline
Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report
10.10.2023
Cyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC)....
Read More: Cyprus to Impose Strict Penalties on Unlicensed...
FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits
13.7.2023
On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.” Nevertheless, the penalty will be deferred to enable...
'Unworkable' bill to ban blockchain immutability is introduced in Illinois
20.2.2023
Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen
Indian Government Introduces New Crypto Tax Penalties
2.2.2023
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed...
Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
27.1.2023
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines...
Canadian Bitcoin Mine Operator Facing $7 Million Fine for Setting Up Power Plants Without Permission
4.10.2021
Link Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will...
The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme
11.1.2021
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to...
John McAfee Responds to Google’s Settlement for FTC YouTube Investigation
3.9.2019
In an important recent development, the internet searching joint Google has finally agreed to pay a fine amounting between $150 million and $200 million to Federal Trade Commission (FTC) to finally settle the ongoing investigation in the case of an alleged infringement of children’s privacy...