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SEC Charges Defi Platform Rari Capital and Founders


The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals...

All The News From Today's Big EA Investor Event


On September 17, EA held its annual Investor Day event. This is where the company shows off the future of what it’s working on, discusses how it plans to expand its franchises, and tries to convince a lot of people with money that they are profitable and worth further investment. Read more

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits


The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising...

Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains


A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions...

State Regulator Warns of Crypto Fraud After Investor Loses $750K


The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous...

Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities


The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without...

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