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Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit

9.5.2023
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging...

SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse

6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...

Introducing MOOKY: The community-driven memecoin promoting environmental protection and wealth generation

2.5.2023
MOOKY, the latest community-driven memecoin, has been launched to promote environmental protection and wealth generation through Blockchain technology. As the world becomes increasingly concerned about environmental degradation, MOOKY offers a unique solution by building its basis on the Blockchain...

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

1.5.2023
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable...

Solana Labs' ChatGPT plugin allows AI to fetch blockchain data

26.4.2023
The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

19.4.2023
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency...

LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains

18.4.2023
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another

Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection for Babel Finance

18.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection...

Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister

18.4.2023
Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection. Zambia Needs to Build Digital...

Crypto lender Babel gets extended creditor protection in Singapore

18.4.2023
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022

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...

True Consumer Protection in Crypto Lies Between Centralization and Decentralization

15.4.2023

Could Bitcoin Be the Greatest ESG Investment of All Time?

12.4.2023
It stands to reason that bitcoin (BTC) could be one of the greatest ESG investments of all time. Not only has it generated outsized returns for investors (at the time of writing this, BTC is up 71% in 2023, 342% over the past three years and a whopping 44,404% over the past 10 years), it is having...

FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management

10.4.2023
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled...

Snoop Dogg Sports Blinged-Out Crypto Hardware Wallet at Wrestlemania 39

7.4.2023
Four days ago, the American rapper, entrepreneur, and owner of Death Row Records, Snoop Dogg, hosted WWE’s annual event, Wrestlemania 39, in Hollywood. The rap star was spotted wearing a gold and black diamond Ledger Nano X around his neck on a gold chain. Over the last year, Snoop has been...

Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

7.4.2023
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

7.4.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising...