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Coinbase Faces SEC Lawsuit Threat Over Alleged Securities Law Violations – Here's What's Happening
23.3.2023
The US-based crypto exchange Coinbase is facing a lawsuit from the Securities and Exchange Commission (SEC) over securities violations related to staking, its listing of assets, and the Coinbase Wallet.
The threat of a lawsuit came in the form of a so-called Wells notice to the exchange...
Billionaire Tron Founder Justin Sun Faces SEC Lawsuit over Alleged Securities and Market Manipulation Offences
23.3.2023
The controversial crypto entrepreneur Justin Sun is facing a lawsuit from the US Securities and Exchange Commission (SEC) over a scheme to pay celebrities to shill Tron’s TRX and BitTorrent (BTT) tokens.
According to a press release from the SEC, the lawsuit specifically revolves around Sun’s...
Seedify to bridge Arbitrum and BNB in the next few days
23.3.2023
Projects going multichain are nothing new. It comes with the advantage of an expanded user base and better utility of the project. The list is endless, with Seedify being the most recent entrant. The company announced that it is going multichain with chains to better host users and its native...
Aussie Crypto Exchange Eyes Hong Kong Expansion Amid Favorable Regulatory Landscape
23.3.2023
As the United States grapples with the challenges posed by an evolving cryptocurrency landscape, Asia emerges as a beacon of innovation and opportunity for digital asset businesses.
Hong Kong, in particular, is rapidly transforming into a leading hub for the burgeoning cryptocurrency market. With...
Aavegotchi to unveil its own blockchain with Polygon Supernets
23.3.2023
Aavegotchi recently announced Gotchichain, the dedicated blockchain for all things. Powered by Polygon Supernets, it will offer lower fees and quicker confirmation times. The protocol has been a roll throughout the year, establishing new partnerships and releasing new products. It has released...
Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan
22.3.2023
Custody account holders with the now-bankrupt crypto lender Celsius will be able to get back 72.5% of their holdings, as long as they agree to a settlement plan.
The settlement plan has now been approved by Judge Martin Glenn in the US Bankruptcy Court for the Southern District of New York,...
New White House Report Slams Digital Asset Industry – Regulation Incoming?
22.3.2023
The digital asset industry has been slammed in a new report published by the White House, with many now fearing that even stricter regulations will be introduced in the US....
Read More: New White House Report Slams Digital Asset Industry – Regulation Incoming?
Venezuela’s Maduro Purges Crypto Offices of ‘Mafia’ Influences – ‘Hundreds’ Arrested
22.3.2023
Venezuela’s President Nicolás Maduro says he has “purged mafia influences” from his government’s crypto regulators – after overseeing the arrest of one of his former right-hand men.
Earlier this week, Maduro green-lighted the arrest of Joselit Ramírez, the head of the Superintendencia Nacional...
Florida Governor Ron DeSantis Introduces First-in-the-Nation Bill to Prohibit Use of CBDC – Regulation Incoming?
21.3.2023
Central bank digital currencies (CBDCs) will not be coming to Florida any time soon, if Governor Ron DeSantis gets his way.
In a press release, Governor DeSantis said his intention with the bill is to “protect Floridians from the Biden administration’s weaponization of the financial sector through...
Nautilus is all set to deploy a parallelized zk-EVM
21.3.2023
Nautilus announced a collaboration with Eclipse to launch a high-throughput chain. The emphasis will be on enabling payment as a built-in feature. Nautilus and Eclipse intend to fuel projects with the potential to serve customers in DeFi-related categories. Both partners contribute essential...
Arkham partners with TRON DAO to develop Total Crypto Intelligence
21.3.2023
Arkham, a blockchain analytics company, has announced its collaboration with TRON DAO via Twitter, showing one more step toward its goal of ‘Total Crypto Intelligence.’ Arkham’s integration with multiple chains into a single platform will open new possibilities for on-chain research. As per...
Spanish Lawmaker Turns Back on Politics – to Become a Bitcoin Guru
21.3.2023
A Spanish lawmaker has turned his back on parliament and his political career – and plans to become a Bitcoin (BTC), altcoins, and blockchain guru instead.
Per reports from Criptonoticias and ABC, Teodoro García Egea, the former General Secretary of the Popular Party, told journalists at a press...
Binance Crypto Exchange Braces for Regulatory Onslaught: Can the Crypto Giant Withstand the Escalating Pressure from US Authorities?
20.3.2023
Binance is increasingly taking heat from regulators on multiple fronts, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC).
Most pressing for the exchange in the US now is perhaps claims by the SEC that Binance.US is operating...
Brazilian Police Swoop on Suspected Crypto ‘Sex-tortion’ Ring – How Were Victims Coerced?
20.3.2023
Brazilian police have swooped on what they believe is a sex-themed crypto extortion ring that saw victims blackmailed into handing over tokens.
The Brazilian media outlet Livecoins reported that the probe was codenamed Operation Sextorsion, and was carried out by the Civil Police in Patos...
USDC Stablecoin Sees Massive $3 Billion Outflows in Three Days – What's Going On?
17.3.2023
The popular stablecoin USD Coin (USDC) has seen outflows of around $3 billion over three days this week, issuer Circle said in a blog post on Thursday.
According to the blog post, Circle redeemed $3.8 billion USDC and minted $0.8 billion new USDC tokens between Monday and Wednesday this week...
South Korean Crypto Exchanges Set to Renew Banking Deals
17.3.2023
South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.
Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank)....
EthSign collaborates with Secure3 to safeguard TokenTable
17.3.2023
EthSign has recently come out with an announcement claiming that the company has formed a collaboration with Secure3. This is more in terms of a security arrangement where its TokenTable is concerned. The idea is to be able to effectively safeguard it from any sort of threat perception. EthSign...
UK to Ramp Up Crypto Oversight: Tax Forms to Include Separate Reporting for Crypto Assets – More Regulation Incoming?
16.3.2023
The UK will ramp up oversight of the crypto sector with tax forms sent out to individuals now set to include a separate reporting option for crypto assets.
The change to the tax form will take effect from the tax year that ends in April 2025, and applies to forms for capital gains tax.
These...
SEC Accuses Chinese Businessman with Ties to Donald Trump Advisor of Orchestrating $500 Million Crypto Fraud – What's Going On?
16.3.2023
The Securities and Exchange Commission (SEC) has charged the exiled Chinese business tycoon Miles Guo with fraud related to crypto and other assets.
The charges from the SEC relate to the sale of what is referred to as “unregistered and fraudulent offerings,” which raised more than $850 million...
Tether Market Cap Rises by 10% Following Stablecoin Meltdown – Can it Maintain the Lead?
15.3.2023
The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.
As a result of the increase in marketshare for tether, Binance USD (BUSD), a stablecoin issued...