In response to recent attacks by the Palestinian terror group Hamas, Israeli law enforcement has seized cryptocurrency accounts believed to be linked to the organization. It is alleged that Hamas used social media to acquire funds, which were then funneled into custodial wallets on Binance, the largest cryptocurrency exchange. The crackdown was carried out by […]
Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations […]
The U.K. Parliament’s Culture, Media, and Sport Committee has expressed concerns about non-fungible tokens (NFTs) and fan tokens in a recent report. The committee warns that NFTs pose a risk of copyright infringement and highlights the lack of significant benefits from these digital assets. The report also raises concerns about the impact of NFTs on […]
The European Securities and Markets Authority (ESMA) has released a report on the risks associated with Decentralized Finance (DeFi) in the EU market. While acknowledging the potential benefits of DeFi, such as financial inclusion and innovative financial products, the report also highlights significant risks. One of the main risks identified is the liquidity risk due […]
The regulatory landscape for cryptocurrencies varies across different regions. In the United States, various regulatory bodies, such as the SEC, CFTC, and OCC, are vying for jurisdiction over the sector. The SEC has faced criticism for its enforcement approach and has lost several significant court cases. The US Congress has introduced and discussed multiple cryptocurrency-related […]
The North American Securities Administrators Association (NASAA) has argued that digital assets should not be treated as special and should be subject to securities laws, supporting the United States Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The SEC sued Coinbase in June, accusing the crypto exchange of violating federal securities laws. Coinbase […]
The North American Securities Administrators Association (NASAA) has filed a brief in support of the Securities and Exchange Commission (SEC) in its lawsuit against cryptocurrency exchange Coinbase. NASAA, a non-profit association representing securities regulators in the US, Canada, and Mexico, argues that the SEC’s position that certain crypto assets on Coinbase are securities and subject […]
At present, the legislative branch of the US federal government is facing a significant challenge as the Speaker of the House of Representatives, Kevin McCarthy, has been ousted following a vote. This has resulted in a state of paralysis within the government body, as it is the first time in US history that the office […]
In recent developments, the portrayal of Sam Bankman-Fried (SBF), the indicted founder and former CEO of the now-defunct cryptocurrency exchange FTX, has sparked a contentious debate. Influential figures like Charles Hoskinson and Nassim Nicholas Taleb have weighed in, igniting a discussion about SBF’s character and accountability.The controversy centers around SBF’s depiction in Michael Lewis’s book […]
The U.S. Securities and Exchange Commission (SEC) has argued in a court motion against Coinbase, the top US crypto exchange, that digital assets have no inherent value. The SEC claims that unlike tangible assets such as real estate, digital tokens cannot generate profits on their own and rely on an ecosystem to drive demand. The […]
