Kumo
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1 year ago
Abu Dhabi Global Market Introduces Groundbreaking Regulations for Web3 Organizations
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. These regulations, known as the Distributed Ledger Technology (DLT) Foundations…
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1 year agoHong Kong Government Remains Committed to Web3 Vision Despite Crypto Scandal
The recent alleged scandal involving crypto exchange JPEX in Hong Kong has not deterred the government from pursuing its Web3 vision for the region. Despite the financial scandal and allegations of fraud, the…
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1 year agoSBF Trial Concludes with Closing Arguments as Jury Prepares to Deliberate
The trial of Sam Bankman-Fried (SBF) reached a critical point as both the prosecution and defense presented their closing arguments to the jury. The prosecution portrayed SBF as a serial liar motivated by greed,…
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1 year agoTurkey to Introduce Stringent Laws on Crypto-Assets in Effort to Address Financial Regulations
Turkey is set to introduce stringent laws governing crypto-assets as part of its efforts to strengthen financial regulations and address concerns raised by the Financial Action Task Force (FATF). The country aims…
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1 year agoLazarus Group Deploys New Malware to Target Crypto Exchange
Lazarus Group, a notorious cybercrime organization, has recently targeted a cryptocurrency exchange using a new form of malware called “KANDYKORN.” The attack began when members of the group posed as blockchain eng…
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1 year agodeBridge Launches IaaS Solution for Seamless Ethereum-Solana Cross-Chain Communication
deBridge, a web3 interoperability layer, has launched an Infrastructure as a Service (IaaS) solution to address the challenges of interoperability between the Ethereum and Solana ecosystems. This turnkey solution…
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1 year agoSafeMoon Executives Charged in $200M Fraud Scheme by SEC and DOJ
SafeMoon and its executives, including CEO John Karony, have been charged by the SEC and DOJ in an alleged $200 million fraud scheme. The SEC claims that SafeMoon sold its cryptocurrency, SFM, through a fraudulent…
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1 year agoTurkey Introduces New Crypto Regulations to Improve Standing with FATF
Turkey is taking steps to tighten its regulation on crypto-assets in order to combat money laundering and terrorist financing. The country’s Finance Minister, Mehmet Simsek, announced that the new legislation is a…
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1 year agoCoinbase to Offer Regulated Crypto Futures to US Traders Amid Ongoing Regulatory Battle
Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange…
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1 year agoSafeMoon Executives Charged with Fraud and Unregistered Securities Sales
The United States Securities and Exchange Commission (SEC) has charged SafeMoon and three of its executives with fraud and unregistered securities sales related to its SafeMoon token. The SEC alleges that Kyle…
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1 year agoVisa Completes CBDC Pilot Programme in Hong Kong with HSBC and Hang Seng Bank
Visa, the payment processor, has successfully completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme in collaboration with HSBC and Hang Seng Bank. The program, known as e…
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1 year agoFounders of Popular Cryptocurrency SafeMoon Arrested on Charges of Fraud and Money Laundering
In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States. Braden John Karony and Thomas Smith have been arrested, while Kyle…
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1 year agoBankman-Fried Takes the Stand: FTX CEO Opens Up About Alameda Connection and Admits Errors
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial has reached its final stages, with the…
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1 year agoTurkey Aims to Strengthen Crypto Regulation to Comply with FATF Standards
Turkey is taking steps to strengthen its regulation of cryptocurrencies in order to combat money laundering and terrorism financing. The country’s finance minister, Mehmet Simsek, announced that new legislation i…
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1 year agoFounder of Oyster Protocol Sentenced to Four Years in Prison for Tax Evasion and Fraud
Amir Bruno Elmaani, the founder of Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as Bruno Block, pleaded guilty to the charges in April. He was accused of offering…
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1 year agoSEC Faces Allegations of Corruption and Breach of Protocol in Battle Against US Crypto Industry
The US Securities and Exchange Commission (SEC) is facing criticism and allegations of corruption in its battle against the US crypto industry. The US Government Accountability Office (US GAO) conducted an…
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1 year agoCrypto Whistleblower Tips Dominate CFTC Reports, Commissioner Highlights Industry's Fraud and Illegality
The United States Commodity Futures Trading Commission (CFTC) has reported that the majority of whistleblower tips it received this year were related to the cryptocurrency industry. CFTC Commissioner Christy…
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1 year agoCFTC Pays Out $16 Million to Whistleblowers, Majority of Tips Related to Crypto Fraud
The Commodity Futures Trading Commission (CFTC) has revealed that it has paid out $16 million to whistleblowers this year. According to Commissioner Christy Goldsmith Romero, the majority of the 1,530 tips received…
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1 year agoBittrex, Leading US Cryptocurrency Exchange, Faces Closure Amid Regulatory Troubles
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with…
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1 year agoTurkey Drafting New Regulations for Crypto-Assets to Exit FATF Gray List
Turkey is taking steps to regulate crypto-assets in order to be removed from the Financial Action Task Force’s (FATF) “gray list” of countries that have not done enough to combat money laundering and terro…
