Coinbase, a major player in the cryptocurrency exchange industry, is challenging the authority of the U.S. Securities and Exchange Commission (SEC) in a legal dispute. The crux of the matter revolves around the definition of an investment contract. The SEC argues that if someone invests money with the expectation of future profits, it qualifies as […]
The United Kingdom’s Financial Conduct Authority (FCA) has implemented new marketing rules for cryptocurrency firms. These rules aim to protect consumers by ensuring clear and transparent promotion of products and services. The regulations include a ban on referral bonuses and the introduction of a 24-hour cooling-off period for first-time crypto investors. The cooling-off rule is […]
Coinbase, one of the leading cryptocurrency exchanges in the US, has accused the Securities and Exchange Commission (SEC) of overstepping its authority. In a court filing, Coinbase argued that the SEC’s classification of crypto assets as securities goes beyond its jurisdiction. The exchange also claimed that the regulatory body is attempting to redefine the criteria […]
Binance, the world’s largest cryptocurrency exchange, is reportedly supporting HKVAEX, a Hong Kong-based cryptocurrency trading platform, in its efforts to obtain a local crypto license. HKVAEX, which was established as a separate entity in December 2022, is said to be sharing resources with Binance. However, HKVAEX claims to be an independent platform with its own […]
The cryptocurrency exchange Coinbase has argued that the Securities and Exchange Commission (SEC) exceeded its authority by classifying the cryptocurrencies listed on its platform as securities. In a recent court filing, Coinbase criticized the SEC’s definition of securities, stating that it was too broad and that the cryptocurrencies listed on the exchange should not fall […]
Crypto exchange Coinbase is seeking to have a lawsuit filed by the Securities and Exchange Commission (SEC) dismissed. The SEC has accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argues that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The […]
BlockFi, a crypto lender, has announced that it has emerged from bankruptcy and is now ready to recover assets and repay creditors. The company had filed for bankruptcy protection in November 2022 due to the plummeting crypto prices and insolvencies in the industry. However, with the approval of its restructuring plan by a New Jersey […]
In a significant bankruptcy settlement, non-U.S. creditors of the defunct FTX.com exchange may recover up to 90 percent of their assets. Legal battles have brought attention to alleged mismanagement of customer assets by FTX, with a focus on reaching a speedy settlement for asset return. Legal representatives are working on behalf of non-U.S. creditors to […]
Marinade Finance, a decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly blocked users from the United Kingdom. The issue was discovered by U.K. customers on October 23rd when they tried to access Marinade’s website. The block page displayed a message stating that access to the site is unavailable in the U.K. due to […]
Crypto exchange Coinbase has denied rumors that it has implemented a $5,000 per week limit on Bitcoin withdrawals. The rumors began after a user claimed on social media that they had encountered this restriction when trying to withdraw Bitcoin from Coinbase. However, a spokesperson from Coinbase stated that these claims were inaccurate and that there […]
