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Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
8.7.2024
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying...
Abra Settles With 25 States for Operating Without Licenses, Will Return Up to $82M to U.S. Customers
26.6.2024
Crypto investment platform Abra and its founder and CEO William “Bill” Barhydt have settled with 25 state financial regulators for operating its mobile application without the proper licenses, according to a Wednesday announcement from the Conference of State Bank Supervisors (CSBS)
Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized
24.5.2024
Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.
The post Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized appeared first on Cryptonews
Florida Court Grants Relief to Binance.US, Suspension Overturned
23.5.2024
A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there.
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Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status
14.5.2024
The CFTC has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.
The post Falcon Labs Settles with CFTC in Landmark Case Over...
Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments
14.5.2024
Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures...
Binance and KuCoin Granted Approval by India’s Anti-Money Laundering Unit
10.5.2024
Binance and KuCoin have received approval from India's anti-money laundering unit after the two exchanges were banned for operating illegally within the country.
The post Binance and KuCoin Granted Approval by India’s Anti-Money Laundering Unit appeared first on Cryptonews
Marsh Introduces Insurance Solution for EU Crypto-Asset Service Providers
9.5.2024
Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the EU.
The post Marsh Introduces Insurance Solution for EU Crypto-Asset Service Providers appeared first on Cryptonews
Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged Deception
6.5.2024
Coinbase faces a new legal battle as customers filed a class-action lawsuit on Friday. The suit accuses two of the exchange's subsidiaries of repeatedly breaking securities laws since Coinbase began operating.
The post Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged...
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
29.4.2024
Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam
29.4.2024
Queensland Police have taken action against an alleged cryptocurrency investment fraud operating on the Gold Coast, resulting in the arrest and charging of four individuals.
The post Four Arrested in an Alleged $1.5 Million Gold Coast Crypto Investment Scam appeared first on Cryptonews
US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering
25.4.2024
American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money transmitting business.
The post US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering appeared first on Cryptonews
Sweden Busts 18 Data Centers for Secretly Mining Crypto
18.4.2024
Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday.
The post Sweden Busts 18 Data Centers for Secretly Mining Crypto appeared first on Cryptonews
Lithuania’s Fintech Haven to Cull Crypto Firms Under New Licensing Rules
3.4.2024
Lithuania intends to implement a rigorous licensing process for crypto companies currently operating within its jurisdiction. This initiative, scheduled to commence next year, is expected to result in the removal of many digital asset companies.
The post Lithuania’s Fintech Haven to Cull...
Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia
1.4.2024
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country.
The post Tinkoff Bank Wins ‘Digital Assets’ Operating Permit in Russia appeared first on Cryptonews
KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations
26.3.2024
Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols.
The post KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money...
Web3 OS Lowers Operating Costs Without Sacrificing Blockchain Security – Brendan Cooper
16.3.2024
According to Brendan Cooper, a core contributor at Andromeda, the widespread distribution and adoption of the Web3 operating system (OS) will likely result in the emergence of new business models, much like what happened with the Web2 OS. The Web3 OS is also likely to simplify “how developers...
MEXC is Operating Without License in Hong Kong, Regulator Warns
15.3.2024
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illegal activities of crypto exchange MEXC.
The post MEXC is Operating Without License in Hong Kong, Regulator Warns appeared first on Cryptonews
Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License
15.3.2024
Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
The post SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX appeared first...