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1 year, 6 months ago
Tether's $1 Billion Deposit in UK Bank Sparks Legal Battle
Tether, the stablecoin issuer, has deposited around $1 billion into the UK subsidiary of Britannia Financial Group, according to court documents cited by the Financial Times. This comes amidst an ongoing legal…
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1 year, 6 months agoTether Freezes $225 Million in Largest USDT Seizure Ever, Assisting US Law Enforcement in Human Trafficking Investigation
Tether, the issuer of the USDT stablecoin, has taken a significant step in combating illegal activities in the crypto space. In collaboration with US law enforcement agencies, Tether has conducted a joint…
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1 year, 6 months agoBritannia Financial Faces Lawsuit Over Alleged Failure to Pay Full Price for Revenue-Generating Assets Linked to Tether Deposit
Tether’s bank partner, Britannia Financial, is facing a lawsuit over allegations of failing to pay the full price for revenue-generating assets related to a large deposit from Tether. The lawsuit, filed by A…
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1 year, 7 months agoUS Senator Criticizes SEC's Regulatory Approach Towards Kraken Cryptocurrency Exchange
US Senator Cynthia Lummis has criticized the United States Securities and Exchange Commission (SEC) for its regulatory approach towards Kraken, a San Francisco-based cryptocurrency exchange. The SEC recently filed…
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1 year, 7 months agoSEC Lawsuit Designates Cardano and Solana as Securities, Kraken CEO Challenges Claims
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, designating Cardano (ADA) and Solana (SOL) as securities. This move aligns with the SEC’s ongoing l…
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1 year, 7 months agoUS Justice Department Seeks $4 Billion Settlement from Binance in Major Crypto Case
The US Department of Justice is seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange, to settle a multi-year criminal investigation. The exchange and its CEO, Changpeng Zhao, are f…
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1 year, 7 months agoSEC Sues Kraken for Operating as Unregistered Securities Exchange
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of operating as an unregistered securities exchange, broker, dealer, and clearing…
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1 year, 7 months agoBlockFi Resumes US Crypto Withdrawals After Regulatory Dispute Pause
BlockFi, a cryptocurrency lending company, has resumed allowing eligible clients in the United States to withdraw their digital assets. This comes after a court directive and is a significant development in the…
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1 year, 7 months agoBlockchain Association Challenges OFAC's Sanctions on Tornado Cash in Landmark Legal Battle
The Blockchain Association is once again supporting six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae…
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1 year, 7 months agoSEC Files Lawsuit Against Kraken, Alleging Unregistered Securities Exchange Operation
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development…
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1 year, 7 months agoKraken Faces SEC Lawsuit for Operating as Unregistered Securities Exchange
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The…
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1 year, 7 months agoApple Faces Class-Action Lawsuit Over Alleged Restriction of Crypto Technology in Payment Apps
Disgruntled consumers have filed a class-action lawsuit against Apple, accusing the tech giant of engaging in anti-competitive practices. The lawsuit alleges that Apple conspired with PayPal’s Venmo and Block’s Cas…
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1 year, 7 months agoSEC Files Lawsuit Against Kraken, Alleging Securities Law Violations and Commingling of Customer Funds
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing the company of violating securities laws and commingling customer funds with corporate assets.…
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1 year, 7 months agoBlockchain Association Supports Lawsuit Against US Treasury Over Sanctions on Tornado Cash
The Blockchain Association has expressed its support for six plaintiffs who are suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on Tornado Cash, a cryptocurrency mixer.…
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1 year, 7 months agoSantander Expands Cryptocurrency Services to High-Net-Worth Clients in Switzerland
Santander Private Banking International, a division of Banco Santander, is expanding its cryptocurrency trading and investment services to high-net-worth clients with Swiss accounts. The bank initially offers…
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1 year, 7 months agoBinance Faces Historic $4 Billion Penalty in DOJ Settlement Talks
Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could…
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1 year, 7 months agoBittrex Global Announces Closure of Trading Operations Worldwide
Bittrex Global, a cryptocurrency exchange, has announced that it will be winding down its operations and halting all trading activity. The decision, which will affect users globally, comes after the company…
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1 year, 7 months agoSEC Files Charges Against Kraken Over Unregistered Exchange Operations and Commingling of Funds
The U.S. Securities and Exchange Commission (SEC) has filed charges against cryptocurrency exchange Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges…
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1 year, 7 months agoUS Justice Department Seeks $4 Billion from Binance in Money Laundering Probe
The US Justice Department is reportedly seeking over $4 billion from cryptocurrency exchange Binance to settle a criminal investigation into alleged money laundering, bank fraud, and sanctions violations.…
