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SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency

17.4.2023
After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker,...

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations

17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...

Bhutan’s sovereign investment arm quietly invests millions in crypto: Report

17.4.2023
Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settled

New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know

17.4.2023
Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem. Kwon sent 9 billion won ($7 million) to lawyers at Kim & Chang, the largest law firm in South Korea, just before the collapse of the firm’s algorithmic...

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

17.4.2023
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall

US crypto exchange Bittrex faces potential action from SEC: Report

17.4.2023
Bittrex already started winding down operations by the time it received a notice on potential action from the SEC, the general counsel said

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

17.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela...

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

16.4.2023
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent...

Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira

16.4.2023
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria...

Musk Mulls AI Startup to Rival Chatgpt Maker Openai, Report

15.4.2023
Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors. Elon Musk Reportedly...

Do Kwon lawyers received $7 million before Terra collapse: Report

15.4.2023
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case

Crypto lender Amber Group considers selling Japan unit: Report

14.4.2023
Amber's review of its Japan operation is part of a strategic shift towards institutional business and away from retail business

Enterprises should seek partners and solutions during the crypto winter: Paxos report

14.4.2023
“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade

14.4.2023
A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions...

FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange

13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...

Zambia to Wrap Crypto Regulation Tests by June: Report

13.4.2023
The country is also exploring issuing a central bank digital currency

China Fines Bitmain $3.6 Million for Tax Violations, Report

13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...