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CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act
4.9.2024
The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail...
Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance Veteran
4.9.2024
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance...
Low Investment Threshold, Greater Financial Control Lure Aussies to Crypto, Study Finds
4.9.2024
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers...
Japan’s finance regulator calls for lower crypto taxes in 2025
4.9.2024
Japan's Financial Services Agency has released plans to overhaul the nation's tax code which could see the tax rate for crypto assets lowered in 2025.
Scottish Court Sets Precedent With Crypto-to-Cash Confiscation
4.9.2024
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely...
Trump’s Crypto Platform Hit by Scammers Promising $15,000 Giveaways
4.9.2024
Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising...
DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%
3.9.2024
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said
Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
3.9.2024
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about...
2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability
3.9.2024
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024...
SEC Commissioner Mark Uyeda Calls for S-1 Form Tailored for Digital Assets
3.9.2024
Uyeda said the U.S. agency can work with crypto firms to figure out how to differentiate S-1 forms for digital assets
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
3.9.2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal,...
Qatar Unveils 2024 Digital Assets Framework
2.9.2024
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
2.9.2024
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...
Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed
2.9.2024
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses...
Qatar introduces regulatory framework for digital assets
2.9.2024
Qatar’s central bank governor believes that the framework will bring opportunities to the country’s financial sector.
Brevan Howard-Backed Tokenization Firm Libre Arrives on NEAR Blockchain
2.9.2024
NEAR Protocol’s cross-chain signing feature will allow users on multiple blockchains to transact with Libre’s selection of tokenized credit and hedge funds
HashKey and Kaia partner to boost Web3 adoption in Asia
2.9.2024
HashKey Group and Kaia collaborate post-rebrand to accelerate Web3 adoption, coinciding with Kaia-Finschia merger and new mainnet launch
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
Telegram financial statement shows it holds $400 million in crypto
31.8.2024
The messaging app had about four million premium users at the end of 2023.
800 ETH Transferred: Vitalik Buterin’s Latest Wallet Activity Draws Attention
30.8.2024
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social...