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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
27.1.2023
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines...
Coinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream
26.1.2023
As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath
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...
Belarusian Fined $1 Million for Illegal Crypto Trading
13.1.2023
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader...
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...
Deep dive: Steam's top-grossing releases of 2022
4.1.2023
Also: more on that 'Fortnite vs. kids' FTC fine, and lots more news
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...
Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges
4.1.2023
The settlement will also require Coinbase to invest $50 million to bolster its compliance program
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law
2.1.2023
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held...
With Binance, Everything Is Not Fine
19.12.2022
As the financial health of Binance grows more uncertain, CEO "CZ" has offered nothing but red flags, says Genevieve Roch-Decter (CFA), the CEO of GRIT Capital
Fortnite Fined $520 Million For Invading Kids’ Privacy And Tricking Players
19.12.2022
Epic Games will pay a whopping $520 million combined settlement after an Federal Trade Commission investigation found it invaded children’s privacy and tricked some players into buying stuff in Fortnite that they didn’t want. The FTC announced on Monday that it’s the largest penalty ever assessed...
Gensler Says SEC Is Fine Going After Crypto With Its Current Authority
7.12.2022
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), isn’t waiting for new powers from Congress in order to enforce securities laws against crypto companies, though he said Wednesday that it would be good to have more money and additional reach beyond U.S. borders
Never mind FTX — Fine arts institutions should still onboard to blockchain
2.12.2022
The strategic adoption of blockchain technology still makes sense, regardless of the distraction FTX created for cryptocurrency
The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support
29.11.2022
On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB...
From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value
22.11.2022
During the week of Jan. 30 to Feb. 5, 2022, the search term “NFT” had a Google Trends (GT) score of 90 and today the GT score has dropped a great deal down to a score of 12. Not only has interest declined, but blue chip non-fungible tokens (NFTs) don’t hold the value they once...
How traditional artists are using Web3 to meet new audiences
17.11.2022
Despite Crypto Winter, artists see enough of an upside in accessibility to a more diverse set of collectors, to keep minting NFTs
Sam Bankman-Fried Says Alameda Winding Down, Promises FTX US Customers 'Fine'
10.11.2022
The trading company's owner tweeted the news on Thursday morning
FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter
9.11.2022
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”
'Everything is fine' — Gala Games calls for calm after fears of multi-billion dollar hack
4.11.2022
Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack
God Of War Ragnarök Runs Fine On PS4, But Your Console Will Sound Like A Jet
3.11.2022
Hey, not to make you feel old or anything, but the PS4 is nearly a decade old. But while the old PlayStation 4 might be nearing the end of its life, Sony isn’t done with it yet. So with God of War Ragnarök launching on both on PS4 and PS5 on November 9, I wanted to poke at the epic game on Sony’s...