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SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
10.2.2023
A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in...
Kraken Agreed to Shutter Crypto-Staking Operations to Settle SEC Charges: Source
9.2.2023
Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter
Former Coinbase Manager Pleads Guilty to Insider Trading Charges: Reuters
7.2.2023
Wahi had previously pleaded not guilty to federal charges of insider trading
MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
3.2.2023
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
28.1.2023
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes...
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
20.1.2023
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers
20.1.2023
The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details
The Department of Justice charges the founder of Bitzlato with the unlicensed money transmitting
19.1.2023
The US Department of Justice has arrested and charged Anatoly Legkodymov for transmitting money without any license. If convicted, Anatoly Legkodymov faces a prison time of up to 5 years. Bitzlato is now in the news after its founder was mentioned in the press release of the Justice Department....
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis
18.1.2023
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis...
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
15.1.2023
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based...
SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14
14.1.2023
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
14.1.2023
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of...
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter
13.1.2023
The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda...
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Prosecutors in Bulgaria level serious charges on Nexo
13.1.2023
The prosecutors belonging to Bulgaria have leveled serious charges against Nexo. This entity is a centralized crypto lender also belonging to the country itself. According to them, Nexo happened to have been in connection with a client of theirs who was financing terrorist-related activities....
SEC levels serious charges against Gemini and Genesis
13.1.2023
The Securities and Exchange Commission (SEC) has leveled formal and serious charges against Genesis and Gemini for illegally carrying out the sale of unregistered securities. For the uninitiated, Genesis is a digital asset financial services firm, while Geminin is a centralized cryptocurrency...
High On Life And Rick And Morty Creator Facing Domestic Violence Charges
12.1.2023
Justin Roiland, creator of TV series Rick and Morty and the recently released High on Life game, has been charged with domestic violence against a former girlfriend.Read more
FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges
11.1.2023
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that...