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SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
5.6.2024
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO...
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
30.5.2024
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday
UK closes ‘trust me bro’ crypto firm that gave horrible advice to clients
15.5.2024
It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30
U.S. House Financial Services Committee Chair Patrick McHenry Blasts Gary Gensler, SEC Over ETH Security Stance
1.5.2024
House Financial Service Committee Chair Patrick McHenry has taken to X to claim United States Securities and Exchange Commission (SEC) Chair Gary Gensler “knowingly misled Congress when pressed on the classification” of Ethereum (ETH) in testimony the U.S. regulator gave to the Financial Services...
Cyprus SEC Extends FTX Europe’s License Suspension Until September 2024
17.4.2024
Explore the latest developments surrounding FTX Europe as CySEC extends its license suspension. Entangled in legal disputes and financial woes, the crypto firm must fulfill existing obligations while navigating an uncertain future.
The post Cyprus SEC Extends FTX Europe’s License Suspension...
Hong Kong-Listed Bitcoin ETFs Could Unlock Up to $25B in Demand, Crypto Firm Says
12.4.2024
Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program
Crypto Firm Copper’s London Party Raises Eyebrows Over Sushi Served on Models
27.3.2024
Crypto custody firm Copper reportedly threw a London party where attendees were served sushi off two partially-clad models.
The post Crypto Firm Copper’s London Party Raises Eyebrows Over Sushi Served on Models appeared first on Cryptonews
Coinbase's Allies Join Crypto Firm's Case Against SEC
19.3.2024
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside...
Crypto Firm Bakkt Taps New CEO After Revealing Financial Struggles
19.3.2024
Crypto trading platform Bakkt announced Monday that Andy Main will take over as President and CEO. He will replace Gavin Michael, who is leaving for new opportunities.
The post Crypto Firm Bakkt Taps New CEO After Revealing Financial Struggles appeared first on Cryptonews
Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs
19.3.2024
The US Securities and Exchange Commission was sanctioned for its controversial restraining order against crypto firm DEBT Box, a March 18 court filing showed.
The post Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs appeared first on Cryptonews
Crypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEO
18.3.2024
The current CEO Michael will step down “to pursue other opportunities.”
Nigeria's SEC Proposes 400% Increase to Crypto Firm Registration Fees
18.3.2024
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry
NYSE Signals US SEC to List Crypto Firm 7RCC’s Eco-Conscious Spot Bitcoin ETFs
14.3.2024
7RCC's spot Bitcoin ETF comprises of 80% of Bitcoin and the remaining 20% holding carbon credits futures.
The post NYSE Signals US SEC to List Crypto Firm 7RCC’s Eco-Conscious Spot Bitcoin ETFs appeared first on Cryptonews
Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product
14.3.2024
ASIC filed a case against Finder Wallet in Dec. 2022 alleging that the Finder’s Earn product offered a debenture without a disclosure document.
The post Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product appeared first on Cryptonews
Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin
14.3.2024
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold...
Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet
11.3.2024
UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US sanctions months later.
The post Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms...
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification
22.2.2024
Texas-based cryptocurrency firm, Lejilex has filed a lawsuit against the Securities and Exchange Commission (SEC) over securities labels on cryptocurrency assets.
The post Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification appeared first on Cryptonews
FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings
11.2.2024
FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to Coinlist for $500,000, court documents filed on Feb. 9, 2024 show. The latest motion, filed in the United States Bankruptcy Court for the District of Delaware, details the proposed sale...
Former British Finance Minister Denies Crypto Lobbying Allegations
9.2.2024
The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper. Hammond currently Chairs the Switzerland-based crypto firm. He has had the appointment since January last year after first serving as...