Kumo
-
bob wrote a new post
11 months, 2 weeks ago
Binance Founder CZ Agrees to Step Down as CEO Amidst $4.3 Billion Settlement
Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange following a $4.3 billion settlement with the U.S. Department of Justice (DOJ). CZ is expected to plead guilty to mul…
-
bob wrote a new post
11 months, 2 weeks agoBinance CEO CZ Considers Resignation as Part of $4 Billion Settlement with US Authorities
Binance CEO Changpeng Zhao (CZ) is reportedly considering stepping down as Chair of the world’s largest cryptocurrency exchange as part of a potential $4 billion settlement with the US Department of Justice (…
-
bob wrote a new post
11 months, 2 weeks agoPhoenix Group's IPO Raises $370 Million, Reflecting Strong Investor Confidence in Middle Eastern Crypto Economy
Abu Dhabi-based Bitcoin mining service provider, Phoenix Group, has successfully completed its initial public offering (IPO), raising approximately $370 million. The IPO, which sold 907 million shares, surpassed…
-
bob wrote a new post
11 months, 2 weeks agoUS Department of Justice Set to Announce Settlement with Binance Over Money Laundering Allegations
The US Department of Justice is expected to announce a settlement deal with cryptocurrency exchange Binance today. The settlement comes after allegations of money laundering and sanctions violations. The press…
-
bob wrote a new post
11 months, 2 weeks agoPassPay Forms Strategic Alliance with EOS Network Foundation to Develop Blockchain-Based Financial Products
Tokyo-based digital payments firm PassPay has formed a strategic alliance with EOS Network Foundation (ENF) to explore the development of new financial products using blockchain technology. This partnership comes…
-
bob wrote a new post
11 months, 2 weeks agoBittrex Global, Cryptocurrency Exchange, Announces Closure and Withdrawal Restrictions
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced its closure. The company stated that it took careful consideration in making this decision and acknowledges the inconvenience it may…
-
bob wrote a new post
11 months, 2 weeks agoBittrex Global to Cease Operations Following Regulatory Challenges
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. The closure…
-
bob wrote a new post
11 months, 2 weeks agoKraken Co-Founder Criticizes SEC Lawsuit, Urges Crypto Companies to Leave US
Jesse Powell, co-founder of cryptocurrency exchange Kraken, has criticized the Securities and Exchange Commission (SEC) for filing a lawsuit against his platform. Powell referred to the SEC and its chief, Gary…
-
bob wrote a new post
11 months, 2 weeks agoTether's $1 Billion Deposit in UK Bank Sparks Legal Battle
Tether, the stablecoin issuer, has deposited around $1 billion into the UK subsidiary of Britannia Financial Group, according to court documents cited by the Financial Times. This comes amidst an ongoing legal…
-
bob wrote a new post
11 months, 2 weeks agoTether Freezes $225 Million in Largest USDT Seizure Ever, Assisting US Law Enforcement in Human Trafficking Investigation
Tether, the issuer of the USDT stablecoin, has taken a significant step in combating illegal activities in the crypto space. In collaboration with US law enforcement agencies, Tether has conducted a joint…
-
bob wrote a new post
11 months, 2 weeks agoBritannia Financial Faces Lawsuit Over Alleged Failure to Pay Full Price for Revenue-Generating Assets Linked to Tether Deposit
Tether’s bank partner, Britannia Financial, is facing a lawsuit over allegations of failing to pay the full price for revenue-generating assets related to a large deposit from Tether. The lawsuit, filed by A…
-
bob wrote a new post
11 months, 2 weeks agoUS Senator Criticizes SEC's Regulatory Approach Towards Kraken Cryptocurrency Exchange
US Senator Cynthia Lummis has criticized the United States Securities and Exchange Commission (SEC) for its regulatory approach towards Kraken, a San Francisco-based cryptocurrency exchange. The SEC recently filed…
-
bob wrote a new post
11 months, 2 weeks agoSEC Lawsuit Designates Cardano and Solana as Securities, Kraken CEO Challenges Claims
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, designating Cardano (ADA) and Solana (SOL) as securities. This move aligns with the SEC’s ongoing l…
-
bob wrote a new post
11 months, 2 weeks agoUS Justice Department Seeks $4 Billion Settlement from Binance in Major Crypto Case
The US Department of Justice is seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange, to settle a multi-year criminal investigation. The exchange and its CEO, Changpeng Zhao, are f…
-
bob wrote a new post
11 months, 2 weeks agoSEC Sues Kraken for Operating as Unregistered Securities Exchange
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of operating as an unregistered securities exchange, broker, dealer, and clearing…
-
bob wrote a new post
11 months, 2 weeks agoBlockFi Resumes US Crypto Withdrawals After Regulatory Dispute Pause
BlockFi, a cryptocurrency lending company, has resumed allowing eligible clients in the United States to withdraw their digital assets. This comes after a court directive and is a significant development in the…
-
bob wrote a new post
11 months, 2 weeks agoBlockchain Association Challenges OFAC's Sanctions on Tornado Cash in Landmark Legal Battle
The Blockchain Association is once again supporting six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae…
-
bob wrote a new post
11 months, 2 weeks agoSEC Files Lawsuit Against Kraken, Alleging Unregistered Securities Exchange Operation
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development…
-
bob wrote a new post
11 months, 2 weeks agoKraken Faces SEC Lawsuit for Operating as Unregistered Securities Exchange
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The…
-
bob wrote a new post
11 months, 2 weeks agoApple Faces Class-Action Lawsuit Over Alleged Restriction of Crypto Technology in Payment Apps
Disgruntled consumers have filed a class-action lawsuit against Apple, accusing the tech giant of engaging in anti-competitive practices. The lawsuit alleges that Apple conspired with PayPal’s Venmo and Block’s Cas…
