Search
Binance Coin Price Prediction as Changpeng “CZ” Zhao Steps Down After DOJ Settlement – Will BNB Rally or Dump Now?
22.11.2023
The Binance Coin price has slumped by 8.5% in the past 24 hours, after Changpeng Zhao stepped down as Binance CEO and pleaded guilty to money laundering violations. Binance has processed around $1 billion in withdrawals since yesterday’s settlement with the Department of Justice, with...
Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty
22.11.2023
Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...
Kraken Faces SEC Charges for Unlawful Crypto Trading Operations
21.11.2023
Image Source: CNBC The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures. In a lawsuit filed in a San Francisco court on Monday...
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report
21.11.2023
Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering, bank fraud, and sanctions violations. US DOJ Wants...
SEC sues Kraken alleging it violated securities laws
20.11.2023
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency
Spanish Regulators Crack Down on Crypto Ad Violations, Hint at Probing X
13.11.2023
Source: Pixabay Spain’s securities market regulatory body said it had begun investigating its inaugural case pertaining to a potential violation of regulations governing large-scale advertising campaigns for crypto assets. The National Securities Market Commission (CNMV) announced on Wednesday last...
Spanish regulators set precedent with crypto ad violations case
9.11.2023
The National Securities Market Commission accuses Miolos of non-compliance with the cryptocurrency regulations established by the CNMV circular from January 2022
Taiwan Authorities Arrest Two Suspects in JPEX Scandal Amid Ongoing Investigation
9.11.2023
Source: Pixabay The Taipei District Prosecutors Office has detained two individuals linked to JPEX, the cryptocurrency exchange, as part of an ongoing investigation into suspected fraud. The arrests come as a result of their alleged involvement in violations of relevant banking and anti-money...
Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions
7.11.2023
Source: Iliya Mitskavets/Adobe The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law. According to a report from November 7 by...
DeFi Protocol SafeMoon Still Running Despite Securities Violations
3.11.2023
Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution. We are reviewing the recent news and we of course take these issues extremely seriously. As we receive more...
UK Issues Over 200 Alerts Against Crypto Firms Allegedly Breaking Promotion Rules
27.10.2023
Britain’s Financial Conduct Authority (FCA) has issued hundreds of alerts regarding companies “illegally promoting crypto assets to U.K. consumers.” The regulator also highlighted several “common issues” with crypto promotions it has identified since it imposed stricter marketing rules earlier this...
Universal Music Group enters partnership to protect artists' rights against AI violations
18.10.2023
The new partnership between Universal Music Group and BandLab Technologies focuses on ethical AI usage to protect artist and songwriter rights
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
2.10.2023
The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....
SEC Accuses Binance.US of Non-Cooperation in Probe Over Securities Law Violations
15.9.2023
Binance.US, the American arm of the global cryptocurrency exchange giant Binance, has been accused of non-cooperation in an ongoing probe by the US Securities Exchange Commission (SEC).
The SEC has alleged that Binance.US's staking, clearing, and brokerage services violate federal securities law....
Singapore’s Monetary Authority Issues 9-Year Ban on Three Arrows Capital Founders
14.9.2023
The Monetary Authority of Singapore (MAS) has issued nine-year prohibition orders against Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies, banning them from regulated financial activities in the country. The orders come after a MAS investigation that reportedly uncovered multiple...
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
9.9.2023
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities...
Tornado Cash Co-Founder Roman Storm Released on Bail
26.8.2023
One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform. Storm Out on Bail After...
Binance Renames Russian Bank Cards Amid US Sanctions Probe, Report
26.8.2023
Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform. Russian Traders on Binance...
Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
23.8.2023
Two more developers who worked on Tornado Cash, an Ethereum network-based privacy protocol designed to obfuscate the link between sending and receiving addresses, are being charged by the US Depart of Justice.
Developers Roman Storm and Roman Semenov are both being charged with money laundering...
Tornado Cash co-founders charged with money laundering, sanctions violations
23.8.2023
Roman Semenov was placed on OFAC's sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer