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SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax


On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...

Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies


Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...

SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme


The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC....

Latvian Extradited to US for Wire Fraud Involving Crypto Investments


A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities...

Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges


The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others.... Read...

Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges


In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges.  The defense is based on the assumption that cryptoassets are not securities or commodities,...

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