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SEC’s ‘Secret’ Filing in Binance Case Could Relate to Criminal Investigation, Says Former SEC Official
30.8.2023
The U.S. Securities and Exchange Commission’s former head of Internet enforcement suspects that the SEC’s “secret” filing in the Binance case is a “rare” tactic that could relate to the Department of Justice’s criminal investigation against the crypto exchange. He stressed...
The Many Layers of the SEC’s First NFT Enforcement Action
29.8.2023
SEC Commissioners Dissent Against Agency's First NFT Enforcement Action
29.8.2023
In a display of dissent within the United States Securities and Exchange Commission (SEC), Commissioners Hester Peirce and Mark T. Uyeda have expressed their reservations regarding the agency's first NFT enforcement action against the media firm Impact Theory.
The move marks the SEC's first foray...
SEC Issues First Enforcement Action Targeting NFTs
29.8.2023
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
26.8.2023
In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to an unrelated scammer, falling prey to a notorious...
SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale
25.8.2023
The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily...
Tornado Cash indictment fails to show 'clear violation' of certain laws: Coin Center
24.8.2023
Coin Center research director Peter Van Valkenburgh argued that crypto mixer Tornado Cash is an anonymizing software provider, not a money transmitter
US Lawmaker Slams SEC’s ‘Reckless’ Rulemaking — Warns of ‘Lasting Economic Harm’
23.8.2023
A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.” He warned that “the adverse consequences in one sector...
Report: Kenyan Parliament Establishes Committee to Investigate Worldcoin
22.8.2023
The Kenyan Parliament recently created an ad-hoc committee to investigate Worldcoin’s activities in the country. According to the Kenyan House speaker, the 15-member committee is expected to report back to parliament within 42 days. A Kenyan court judge recently issued a ruling which called...
On-chain tool to seize crypto is a purist's nightmare, but a must: CEO
21.8.2023
A U.S. federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Its founder, Mike Kanovitz, admits it could see hate from crypto purists
FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities
18.8.2023
The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities.
According to a Thursday press release, the Federal Reserve Board, in collaboration with...
OpenSea unleashes optional creator fees and ends royalty enforcement
18.8.2023
A well-known NFT marketplace, OpenSea, has announced changes to its creator fee structure in an effort to support creators and keep up with the evolving NFT market. OpenSea will no longer require creator fees for newly created collections as of August 31. OpenSea is taking a big step forward,...
NFT marketplace OpenSea to disable royalty enforcement tool
18.8.2023
OpenSea's royalty enforcement tool Operator Filter is going to be turned off, according to OpenSea’s founder and CEO, Devin Finzer
Federal Reserve issues enforcement action against FTX-linked US bank
17.8.2023
Moonstone Bank, which was since renamed Farmington State Bank, received roughly $11.5 from FTX’s sister firm Alameda Research through its holding company in 2022
FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action
17.8.2023
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Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
16.8.2023
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just...
Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day
16.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange-traded funds (ETFs). The changes could include...
Xbox Says ‘8 Strikes And You’re Out’ To Toxic Gamers
15.8.2023
Microsoft has announced a new Xbox feature in the seemingly endless battle to get gamers to stop acting like raging assholes: an enforcement strike system. Read more
Former SEC Official Warns ‘Crypto Regulatory Onslaught Will Never End’
13.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are simply playing “a short game of regulatory...
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...