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Congressman Calls for Gensler’s Removal After SEC Sues a Crypto Exchange Twice in 10 Months
23.11.2023
A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year after the exchange paid $30 million to settle...
US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security
23.11.2023
A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does...
Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor
22.11.2023
Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
22.11.2023
Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Binance's Busy Day, Kraken's Second SEC Fight
22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...
Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February
22.11.2023
Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond
Binance, Changpeng 'CZ' Zhao to Pay $2.85B Fine in CFTC Settlement
21.11.2023
Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions...
Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
21.11.2023
The country hopes to align local requirements with those proposed by international banking regulators
Crypto Exchange Bittrex Global to Shut Down
21.11.2023
All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations
SEC Sues Kraken: Crypto Exchange Plans to ‘Vigorously Defend’ Its Position in Court
21.11.2023
The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities...
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
21.11.2023
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too
Bittrex Global to Halt All Trading in December as it Winds Down Operations
21.11.2023
Source: ShutterStock Bittrex Global has announced to wind down most exchange operations and trading activities in the coming weeks. Effective December 4 at 6:00 p.m. UTC, Bittrex Global will disable all trading activity on its exchange and terminate client relationships. Following this date, users...
FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information
21.11.2023
FTX-backed artificial intelligence company Anthropic's CEO and co-founder Dario Amodei declined an offer from OpenAI's board of directors to merge, according to a news report
Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks
21.11.2023
The Monetary Authority of Singapore’s managing director has outlined the central bank’s plan to ensure seamless financial transactions across digital asset networks. “Currently, there is a proliferation of digital asset networks,” the head of Singapore’s central bank said....
Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
20.11.2023
Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday