The United Kingdom has an opportunity to capitalize on the departure of Web3 firms from the United States due to regulatory uncertainty. To achieve this, the U.K. must create its own regulatory path, smoothing the requirements for crypto in some regard. A recent report from the influential conservative think tank Policy Exchange has proposed 10 […]
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission (SEC) after the regulator sued him for failing to testify in its probe relating to his $44 billion Twitter purchase last October. Musk suggested that the SEC and the U.S. Department of Justice should be the ones probed instead. […]
The Department of Justice (DOJ) has recently unsealed eight indictments in a significant move against the illicit production and distribution of fentanyl and methamphetamine. The indictments also encompassed crimes associated with the sale of precursor chemicals, revealing the multifaceted nature of the illegal drug trade. Cryptocurrency has become a key facilitator for these criminals, allowing […]
The FTX app and its terms of service promised customers that their money was being kept safe, as if it were in their own possession. However, according to Rehn, the money was actually diverted to a smaller, secretive company called Alameda Research, and was used to purchase luxuries for Bankman-Fried, his friends, and family members. […]
The UK Financial Conduct Authority (FCA) is set to launch its second crypto sandbox in the first quarter of 2024. This sandbox will have set rules to govern digital securities and will allow companies to set up financial market infrastructures using digital asset technology. The sandbox will be the first financial market infrastructure sandbox deployed […]
Patrick McHenry, Chairman of the House Committee, has sent a strong message to Gary Gensler, Chair of the Securities and Exchange Commission (SEC), regarding the release of critical documents related to the FTX collapse and the SEC’s climate disclosure rule. In a tweet, McHenry expressed his frustration, stating that if Gensler withholds the requested documents, […]
The United Kingdom is set to launch its second crypto sandbox in the first quarter of 2024. The Financial Conduct Authority (FCA) Head of Capital Markets, Helen Boyd, revealed the news during her speech at the CCData’s Digital Asset Summit. The Digital Securities Sandbox, which will be under the purview of the HM Treasury, will […]
Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and the US Department of Homeland Security, Binance provided crucial intelligence that led to the […]
Coinecta, a decentralized Web3 launchpad, has announced its entrance into the Cardano ecosystem. The platform offers a middleman-free fundraising model for cryptocurrency protocols, with its core native cryptocurrency asset, CNCT token, set to be released soon. The CNCT token will be stakable, and the IDO launchpad will accept both Cardano’s core ADA token and Djed, […]
U.S. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has called for a substantial regulatory framework to be implemented in the cryptocurrency market. He believes that approximately 70% of the crypto market should be recognized as commodities and that legislation from Congress is needed to provide clear guidelines on commodity tokens and enhance the CFTC’s […]
