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US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration
13.7.2023
According to a recent ruling handed down by U.S. judge Analisa Torres, the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted...
Binance Reportedly Denied Crypto License in Germany
1.7.2023
Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising and growing in the major European market and deal another blow to its efforts to do regulated business on the Old Continent....
Binance Crypto Custody License Application Denied by German Regulator BaFin: Report
29.6.2023
Binance said it is continuing to comply with BaFin requirements in "a detailed and ongoing process."
Crypto Exchange Binance’s Motion to Restrain SEC’s Public Statements Denied
29.6.2023
Binance’s attempt to prevent the U.S. Securities and Exchange Commission (SEC) from making public statements alleging that the crypto exchange mishandled U.S. customers’ assets has been denied by the judge overseeing its enforcement case. A former SEC head of internet enforcement warned...
Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
14.6.2023
The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...
Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom
24.5.2023
A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request...
Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds
28.4.2023
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much...
Twitch Streamer Immediately Denied From Bank After After Accidentally Applying As An ‘Adult Entertainer’
25.4.2023
United Kingdom-based variety streamer Poopernoodle, or Lou, wasn’t exactly sure whether or not being a human adult with a Twitch channel qualified her as an “online adult entertainer” until she described herself as such on a bank application and was swiftly denied. Read more
Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk
1.4.2023
Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
1.4.2023
A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves...
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...
Custodia Bank's membership denied for ties with crypto markets, says US Fed
25.3.2023
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership
Founder of Crypto Exchange Bitzlato Denies US Charges
16.3.2023
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...
Voyager-Binance.US Pause Denied by Bankruptcy Judge
16.3.2023
A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers
SVB crisis: Here are the crypto firms denied exposure to troubled US banks
14.3.2023
Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
VRChat Sex Worker Denied Entry To US Over ‘Prostitution’
15.2.2023
An online virtual reality sex worker was left confused and frustrated when, after applying for a United States tourist visa, she said she received a letter explaining she was “permanently ineligible” for admission to the U.S. The reason given was “prostitution.” Read more
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse
9.2.2023
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” Wazirx stressed. “As far as Binance’s actions are concerned, we are taking...
Crypto Bank Custodia Denied Membership in US Federal Reserve System
29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...
Custodia Bank Denied Federal Reserve System Membership
27.1.2023
The Federal Reserve Board has denied Custodia Bank’s application for membership, claiming the crypto-focused institution’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”