On Wednesday, Senator Elizabeth Warren had some strong words to say regarding the crypto industry, as she called on the SEC to take more action in countering crypto fraud. The Massachusetts Senator delivered the prepared remarks to the American Economic Liberties project and said that a strong Securities and Exchange Commission (SEC) was the biggest […]
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Pilot Testing of Digital Services Commences From Shanghai Metaverse China was deeply rooted in Metaverse since the day the virtual world was introduced to the world. China was amongst the few countries that saw huge potential in Metaverse and wanted to utilize the source for introducing unique projects. China has the ability to adopt technology […]
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Cornerstone Research, a consulting firm, recently released a report showing that a record number of enforcement actions related to crypto were brought by the US Securities and Exchange Commission (SEC) last year. The report discovered that during the course of 2022, a total of 30 enforcement actions had been brought by the SEC. Enforcement actions […]
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Central bankers are scheduled to begin testing the digital euro this year, which has prompted EU finance ministers to demand that it offer both transparency and privacy. The idea of a digital euro had first been introduced back in October 2020 and the European Central Bank (ECB) is spearheading its development. In 2021, the ECB […]
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SEC Initiates Enforcement Action against Fraudulent Crypto Investment Scheme In 2018, a crypto scheme called “Coindeal” surfaced which was originally launched by a person named Neil Chandran. Amongst the promoters of the scheme were notable individuals Linda Knott, Garry Davidson, and Michael Glaspie. The scheme was found to be nothing but a fraud i.e. another […]
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Federal prosecutors have been investigating the largest crypto exchange in the world, Binance, for about four years now. However, the exchange’s close proximity to the now-defunct crypto exchange FTX, has prompted them to ask for new information in the said investigation. The investigation In the last couple of months, financial firms have been contacted by […]
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El Salvador’s Bitcoin One cannot remove Bitcoin enthusiasm from Nayyib Bukele, President of the world’s first country to adopt Bitcoin as a local currency i.e. El Salvador. Under the direct supervision of the El Salvadoran President, Bitcoin was legally recognized as a national currency through a legislature. The initiative was taken in 2021 and since […]
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Passing of Bitcoin Bill in Brazil Finally, the long-awaited moment has come when the Brazilian President, Jair Bolsonaro, officially approved and signed the bill pertaining to cryptocurrencies. The very first officially recognized digital currency, Bitcoin, has now been rewarded legal status in the whole of Brazil. The passing of the bill will ensure that digital […]
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One of the local newspaper agencies in Iran has recently published an update about the cryptocurrency mining industry. According to the report published by the agency, the cryptocurrency mining firms in Iran will be getting their mining equipment back. OCSSOP Ordered to Returned the Mining Equipment The latest reports suggest that the cryptocurrency mining firms […]
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Court documents show that the federal court in the Southern District of New York will arraign Sam Bankman-Fried on January, 3rd, 2023. Reports indicate that the disgraced crypto entrepreneur is planning on entering a plea in front of US Judge Lewis Kaplan in his fraud case in Manhattan. A no-nonsense judge Judge Ronnie Abrams had […]
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Just a few days back, Defrost Finance, one of the prominent trading platforms in the decentralized finance industry, faced a major exploit. As a result of the exploit, the company ended up losing $12 million, which was a huge loss for the company. The exploit took place a few days prior to Christmas. It has […]
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The criminal trial of disgraced crypto entrepreneur Sam Bankman-Fried has not begun as yet and it has already become quite a sensation. US District Judge Ronnie Abrams had originally been assigned to oversee the case, but she recused herself from it, citing a conflict of interest. This meant that another judge had to be assigned. […]
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Interior Ministry Granted Access to Crypto Data MVD which is the Russian Federal Ministry of Interior has been provided with access to the ‘Personal Account of a Law Enforcement Agency’. The portal is a ‘digital platform’ of the Ministry that has been authorized to access for fetching information of crypto wallet holders. Local news agency […]
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Russian Safeguards for Crypto Companies Since the beginning of the war between Russia and Ukraine, the West has been active in placing several sanctions on Russia. On one hand, sanctions have limited Russia’s representation at a global level while on the other seriously affected its economy. The aim of sanctions is to weaken Russia’s financial […]
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User Restrictions Bybit, a globally renowned crypto trading platform, has recently overhauled its policies, particularly with regard to catering to global policies such as KYC. In this connection, Bybit made several changes in its policy concerning users, their access, and rights. The amendments made in Bybit policies show that some restrictions have been put in […]
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After the demise of the FTX, the third biggest cryptocurrency exchange, Binance adopted strict regulatory provisions to govern the investors. Moreover, the top management of Binance also exercises zero-tolerance behavior towards the accounts involved in illegal, unethical, and misleading trading activities. As a result of this current tilt in the policy Binance, the world’s biggest […]
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Digital-Only Bank South Africa has been at the forefront of many things and one of them being the adoption of technology. In terms of technology, South Africa is one of those countries where blockchain technology and cryptocurrencies are embraced wholeheartedly. This can be further unearthed from the fact that South Africa has the privilege of […]
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RBF which is the Federal revenue collection authority of Brazil published data pertaining to crypto purchases in the country in October. RBF notes back-to-back record settings by local enterprises in crypto purchases during the months of September and October respectively. Record-Breaking Crypto Purchases It has been a while since when small, medium, and large-scale local […]
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The crypto meltdown that happened earlier this year had caused a liquidity crisis for many companies. However, it appears that Sam Bankman-Fried was not concerned. Executives of the FTX crypto exchange were begging the founder to preserve cash and avoid making any celebrity endorsement deals that require hundreds of millions of dollars. But, the 30-year […]
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Sam Bankman-Fried, the former chief executive of the FTX crypto exchange, remains in the spotlight even today, but for different reasons entirely. The former boss and the founder of the doomed FTX is currently under investigation by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). In fact, the disgraced entrepreneur […]
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