BarnBridge, a cryptocurrency project, is facing legal action from the US Securities and Exchange Commission (SEC). In response, the project has turned to its token holders for support. A voting process was initiated, and the proposal to grant the project’s creators the authority to comply with the SEC’s directives was unanimously approved. This includes paying […]
Grayscale’s recent legal victory against the US Securities and Exchange Commission (SEC) in its bid for a spot Bitcoin ETF is a significant milestone for the cryptocurrency industry. The court criticized the SEC for its arbitrary rejection of Grayscale’s application, instilling optimism among investors. This ruling brings the industry one step closer to the first-ever […]
Former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has pleaded guilty to running a fraudulent cherry-picking scheme. Kambolin admitted to fraudulently allocating profits and losses from futures trades while serving as a commodity trading advisor and commodity pool operator. The US Department of Justice revealed that Kambolin selectively assigned profitable trades […]
The former CEO of Voyager, Stephen Ehrlich, is facing charges filed by the Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC). The FTC alleges that Ehrlich falsely claimed that Voyager accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and that customer assets were safe, despite the company’s impending bankruptcy. The FTC […]
Decentralized exchange THORSwap has resumed operations after temporarily shutting down due to the detection of illicit funds on its platform. The exchange announced on Oct. 12 that it is back online and urged users to continue swapping assets across various blockchains using their own self-custody wallets. THORSwap initially halted swaps on Oct. 6 to address […]
In a recent development, crypto lending firm Celsius Network has transferred around $30 million worth of crypto assets, including Ethereum (ETH) and stablecoins, amid its ongoing legal battles. The company also transferred a significant amount of its CEL tokens, representing almost the total supply of CEL tokens in existence. This move has raised speculation about […]
Ripple’s CTO, David Schwartz, has responded to Cardano founder Charles Hoskinson’s comments regarding the US regulators’ determination that Ethereum (ETH) is not a security. Hoskinson addressed the conspiracy theory known as ETHgate, which suggests that Ethereum received preferential treatment from US regulators. He argued that the government’s actions were not corrupt but rather showed favoritism. […]
Terraform Labs, led by founder Do Kwon, has filed a lawsuit against Citadel Securities, accusing the company of intentionally causing the crash of its stablecoin in 2022. The lawsuit alleges that the market destabilization was not due to a technical issue, but rather orchestrated efforts to short the stablecoin. Terraform Labs has filed a motion […]
France’s banking and insurance regulator, the ACPR, has released the findings of its public consultation on regulating decentralized finance (DeFi). The consultation highlighted the concentration of infrastructure with major cloud providers, raising concerns about operational vulnerability. The ACPR also noted the need for certifying smart contracts and regulating intermediaries and user interfaces. The feedback received […]
On October 13, the G20, an international forum for governments and central banks, unanimously adopted the G20 Finance Ministers and Central Bank Governors Communique during its meeting in Marrakesh, Morocco. The G20 accepted the regulatory roadmap proposed by the IMF and FSB in September, which advocates for comprehensive supervisory oversight of cryptocurrencies instead of a […]
