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1 year, 5 months agoKuCoin Settles Lawsuit with NYAG, Pays $22 Million and Ceases Trading Activities in New York
KuCoin, one of the leading cryptocurrency exchanges, has agreed to pay $22 million and halt trading activities in New York to settle a lawsuit brought against it by the state. As part of the settlement, KuCoin will…
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1 year, 5 months agoSEC Serves Lawsuit to HEX Founder Richard Heart at Helsinki Residence
The United States Securities and Exchange Commission (SEC) has served a lawsuit to HEX founder Richard Schueler, also known as Richard Heart, at his residence in Helsinki, Finland. The SEC alleges that Heart made…
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1 year, 5 months agoEl Salvador Approves Volcano Bitcoin Bonds to Fund Bitcoin City Construction
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes r…
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1 year, 5 months agoCoinbase Launches Project Diamond to Streamline Institutional Investment in Digital Assets
Coinbase and its asset management division, Coinbase Asset Management, have launched Project Diamond, a platform that enables institutional investors to create, buy, and sell digital assets. The platform, developed…
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1 year, 5 months agoEl Salvador to Issue Bitcoin Volcano Bonds in Q1 2024 for Green BTC Mining Operation
El Salvador is set to make history early next year by issuing its long-anticipated Bitcoin bonds. These bonds, first announced in 2021, will raise funds to establish the world’s largest green Bitcoin mining o…
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1 year, 5 months agoChainlink's Price Feeds Integrated into zkSync Era to Enhance Layer-2 Capabilities
Chainlink’s price feeds have been integrated into zkSync Era, a layer-2 network backed by Matter Labs. This integration was made possible through the Oracle blockchain’s SCALE program, which enables access to Cha…
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1 year, 5 months agoTwo Individuals Indicted for Operating $25 Million AI Crypto-Trading Ponzi Scheme
The U.S. Department of Justice (DOJ) has indicted two individuals for allegedly operating a $25 million artificial intelligence (AI) crypto-trading Ponzi scheme. Australian national David Gilbert Saffron and Los…
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1 year, 5 months agoTerraform Labs Co-Founder to Remain in Montenegrin Custody Until February
Terraform Labs co-founder Do Kwon is expected to be extradited to the United States to face criminal charges. He will remain in Montenegrin custody until February, as requested by authorities from the U.S. and…
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1 year, 5 months agoKuCoin Settles Lawsuit with NYAG, Pays $22 Million in Settlement
Cryptocurrency exchange KuCoin has agreed to pay $22 million to settle a lawsuit filed by the New York Attorney General (NYAG). The exchange was accused of operating in the state without proper registration. As…
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1 year, 5 months agoCrypto Tycoon Do Kwon's Custody Extended in Montenegro Amid Extradition Battle
Terraform Labs co-founder Do Kwon’s custody in Montenegro has reportedly been extended by two months, according to a spokesperson for the High Court. Kwon, along with Terraform Labs CFO Han Chang-joon, was a…
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1 year, 5 months agoCFTC Chair Urges Congress to Legitimize Cryptocurrency Industry
CFTC Chair Rostin Behnam has expressed his belief that the majority of cryptocurrencies should be classified as commodities under current laws. In a recent statement, Behnam emphasized the importance of…
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1 year, 5 months agoSwiss Digital Exchange Tokenizes Private Shares on Regulated Blockchain
The Swiss digital exchange SIX Digital Exchange has tokenized private shares of Aktionariat AG on its regulated blockchain-based central depository. According to a statement released on Tuesday, the Bern Cantonal…
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1 year, 5 months agoIRS Seeks $24 Billion from Defunct FTX Crypto Exchange, Impacting Payouts to Victims
The ongoing bankruptcy case of FTX, a defunct crypto exchange, has taken a complex turn with the Internal Revenue Service (IRS) seeking around $24 billion from the exchange. This amount has been reduced from the…
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1 year, 5 months agoDaiwa Securities and Progmat Collaborate to Revolutionize Bond Issuance with Blockchain Technology
Daiwa Securities has partnered with Progmat to develop a solution for issuing tokenized bonds, marking a significant step in modernizing the bond market. The collaboration involves the use of R3’s Corda b…
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1 year, 5 months agoBlockchain.com Adds Support for XRP, Boosting Adoption of the Token
The XRP community has received positive news as one of the leading crypto storage platforms, Blockchain.com, has added support for the token. This follows a recent ruling by Judge Analisa Torres, which provided…
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1 year, 5 months agoEl Salvador's Bitcoin Bonds Approved for Launch as Visa Program Attracts $153 Million
El Salvador’s Bitcoin bonds have received regulatory approval and are set to launch in the first quarter of 2024, according to the country’s National Bitcoin Office. The bonds, known as the Volcano Bond, are see…
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1 year, 5 months agoJulius Bär's Stock Market Performance Affected by Signa-Related Worries
Julius Bär, a Swiss private bank, is experiencing a decline in its stock value, which is causing concern among investors. The bank’s involvement in risky loans, particularly a CHF 606 million loan to a European co…
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1 year, 5 months agoUS Senators Rally to Crack Down on Illicit Use of Crypto with New Bill
The US authorities have proposed a bipartisan Digital Asset Anti-Money Laundering Act in response to the growing threat posed by the crypto industry to financial stability. The Act has gained support from a…
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1 year, 5 months agoGerman Insurance Companies Exposed to Billions in Debt from Signa Group
A German insurance group, Signal Iduna, is reported to have almost 1 billion euros in outstanding loans to the troubled Signa Group, an investment firm owned by René Benko. Other insurers, including Ergo, R+V,…
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1 year, 5 months agoEnjinstarter's AYA Platform Granted Conditional Crypto License by Dubai's VARA
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services. The license is subject to certain con…
