Cryptocurrency exchange Binance has come under scrutiny in the Philippines for operating without the necessary approval or license from the local securities regulator. The Philippines Securities and Exchange Commission (SEC) issued a warning stating that Binance is not authorized to sell or offer securities in the country. According to the SEC, Binance must apply for […]
Pro-soccer star Cristiano Ronaldo is facing a proposed class-action lawsuit from plaintiffs who claim they suffered losses due to his promotion of the crypto exchange Binance. The lawsuit alleges that Ronaldo actively participated in the sale of unregistered securities in coordination with Binance. Ronaldo had entered into a partnership with Binance in mid-2022 to promote […]
The hacker responsible for the $46 million crypto theft against KyberSwap has issued a warning to the company’s executives and tokenholders. In an on-chain message, the hacker stated that they plan to release a statement regarding a potential treaty with KyberSwap, but only if hostilities cease. The hacker expressed frustration with the executive team’s unfriendliness […]
Private Debt is a booming form of credit financing that is gaining popularity in the financial world. These loans are privately issued and traded, away from the public markets, making the transactions largely hidden from the public eye. Unlike traditional bank loans, private debt is typically provided by non-bank entities such as private equity firms, […]
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a deal to potentially resolve an ongoing lawsuit. Genesis filed a document with a New York Bankruptcy Court stating that DCG has agreed to repay its outstanding $324.5 million in loans by April of next year. This agreement would allow Genesis […]
The United States Securities and Exchange Commission (SEC) has taken the next steps in considering the proposed Bitcoin exchange-traded fund (ETF) bids by Franklin Templeton and Hashdex. The agency has requested written comments on both proposals, giving a 35-day open period for comments and responses. The SEC is particularly interested in issues related to potential […]
A U.S. court has granted permission to Jump Crypto, a “third party” in the SEC’s case against Terraform Labs, to submit certain information confidentially. The SEC has accused Terraform Labs and its founder, Do Kwon, of offering and selling unregistered securities and engaging in fraud, resulting in the collapse of the TerraUSD stablecoin. Jump Crypto […]
Cardano co-founder Charles Hoskinson has criticized U.S. regulators for categorizing ADA and other cryptocurrencies as unregistered securities while giving bitcoin a pass. Hoskinson argues that bitcoin could also meet the legal criteria of an investment contract due to the broad nature of securities laws. The Securities and Exchange Commission (SEC) chairman, Gary Gensler, has suggested […]
Franklin Templeton has submitted an updated filing with the SEC to launch a Bitcoin exchange-traded fund (ETF). This comes shortly after the SEC’s decision to delay a previous proposal. The Franklin Bitcoin ETF, if approved, would be listed on the New York Stock Exchange’s Arca platform and would aim to track the performance of Bitcoin’s […]
Charlie Munger, the legendary investor and longtime partner of Warren Buffett, has passed away at the age of 99. Munger was known for his successful career in investing and his outspoken criticism of cryptocurrency. He believed that cryptocurrencies were a poor investment and often referred to them as “noxious poison” and “turds.” Munger’s views on […]
