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The UK Treasury proposes regulations for cryptoassets, minimum capital, and liquidity criteria
The UK Treasury has drafted guidelines to regulate cryptoassets, citing the continued volatility of the market and the collapse of the...
Feb 2, 20232 min read
FTX sues Voyager Digital to recoup $446 million in debt payments due in 2022.
FTX, a bankrupt cryptocurrency exchange, filed a lawsuit against Voyager Digital, a crypto lender, on Monday in an effort to recover...
Feb 1, 20232 min read
Binance processed $346 million for the seized cryptocurrency exchange Bitzlato
Blockchain data reveals that cryptocurrency firm Binance processed around $346M in bitcoin for the Bitzlato digital currency exchange,...
Jan 25, 20234 min read
Nexo pays a $45 million fine to the SEC for failing to register a lending product.
Nexo Capital Inc. has agreed to pay $45M in fines to resolve allegations that the cryptocurrency company failed to register its crypto...
Jan 23, 20232 min read
No problem with crypto in India if rules are obeyed, according to ministry
India's junior IT minister stated on Thursday that cryptocurrencies are legal in India if all regulations are obeyed, contradicting the...
Jan 20, 20231 min read
FTX announces $415 million in hacked cryptocurrency, while Bankman-Fried claims FTX US is solvent
In a filing to creditors on Tuesday, the bankrupt cryptocurrency exchange FTX stated that around $415 million in cryptocurrencies had...
Jan 20, 20232 min read
FinCEN shuts down Bitzlato, a €700 million cryptocurrency "dirty money safe haven," in France.
Bitzlato's co-founder and majority shareholder was detained for allegedly handling €700 million in illicit funds. Bitzlato is a...
Jan 19, 20236 min read
Genesis and Gemini have been charged by the SEC for not registering a crypto lending product.
The Securities and Exchange Commission (SEC) has charged Genesis Global Capital and Gemini Trust Company, two cryptocurrency companies,...
Jan 17, 20233 min read
Revolut is nearing completion of its 2021 accounts as the fintech pursues a UK licence
Revolut Ltd. is nearing completion of its long-overdue 2021 financial accounts, which might clear the way for the start-up to gain a UK...
Jan 16, 20232 min read
As the broad cryptocurrency rally continues, Bitcoin retakes the lead at $20,000.
With bitcoin now trading above $20,000 for the first time since the FTX meltdown in early November, Bitcoin's (BTC) 2023 climb is still...
Jan 16, 20232 min read
Binance registers in Sweden and is required to give watchdog details about its AML procedures.
The under-fire cryptocurrency exchange Binance has been registered as a financial institution in Sweden, according to the country's...
Jan 13, 20232 min read
As crypto contagion spreads, Coinbase will lay off approximately 950 staff
Coinbase Global Inc (COIN.O) announced on Tuesday that it will lay off around 950 employees, or 20% of its workforce, as part of a...
Jan 12, 20232 min read
First crypto insider trading defendant sentenced
The brother of a former Coinbase employee was sentenced to ten months in prison for his role in a revolutionary bitcoin insider trading...
Jan 11, 20232 min read
Hong Kong's Financial Supervisory Authority Demands "a More Solid Footing" for Crypto
Christopher Hui originally learned about cryptocurrencies from some colleagues who ran investment funds and made purchases of virtual...
Jan 10, 20235 min read
Coinbase will pay $100 million following a NYDFS investigation into compliance violations
Coinbase agreed to pay $100 million as part of a settlement with the New York State Department of Financial Services (NYDFS) for...
Jan 5, 20233 min read
Failures in sham AML compel Coinbase to settle with New York authorities for $100 million
AML failures compelled Coinbase to reach a settlement with the New York Department of Financial Services (DFS) for $100 million. The...
Jan 5, 20234 min read
In light of the FTX crisis, banks should handle cryptocurrency with extra caution
Just two months after the financial world was rocked by the collapse of cryptocurrency exchange FTX, US regulators advised that banks...
Jan 5, 20232 min read
Cryptocurrency is the primary method of money laundering according to Austrac
According to the Australian Transaction Reports and Analysis Centre (Austrac), organized crime groups are increasingly using...
Jan 4, 20233 min read
Following contentious meetings with Sam Bankman-Fried and FTX lobbyists, a top SEC official resigns
Dan Berkovitz, the Securities and Exchange Commission's General Counsel, has resigned following claims that he met and dined with...
Dec 30, 20222 min read
China will launch the country's first national 'digital asset' marketplace
While selling digital collectibles on strictly controlled platforms has been popular among Chinese collectors, this is the country's...
Dec 29, 20221 min read
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