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Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October
21.7.2021
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital...
Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO
20.7.2021
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the...
Grayscale Investments’ Diversified Cryptocurrency Fund Now an SEC Reporting Company
13.7.2021
Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies. Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday....
NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
10.7.2021
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service...
US Congressman Declares Investments in Dogecoin, Ethereum, Cardano
8.7.2021
A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing,...
Binance’s Troubles Grow as Thailand Files Criminal Complaint — Similar Warnings by Cayman Islands, UK, Japan
4.7.2021
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related...
Ark Invest Files for a Bitcoin ETF
29.6.2021
Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest...
Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund
23.6.2021
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest...
Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro
19.6.2021
A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the Bank...
South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme
10.6.2021
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses...
White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin
8.6.2021
Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin....
Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded
5.6.2021
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors...
Fund Manager Wisdomtree Files With SEC to List Ethereum ETF on Cboe BZX
28.5.2021
The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment...
Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF
25.5.2021
On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE)....
France Rejects Russian Request to Extradite BTC-e Operator Alexander Vinnik
22.5.2021
Judicial authorities in France have refused to grant the extradition request filed by Russia for Alexander Vinnik. According to the Russian Ombudsman, Vinnik is now ready to start a new hunger strike despite his health deteriorating after spending almost four years in detention. Court Case Against...
Argentinean Police Detain Two People Connected to Alleged Crypto Scam Intense Live
21.5.2021
As cryptocurrencies become a trending topic across Argentina, local authorities hunt virtual currencies scammers amid the coronavirus-driven crisis and high inflation levels. The Argentine Federal Police detained two members of an alleged pyramid scheme operating in a northern province....
Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
15.5.2021
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”...
Lawsuit Claims Onecoin’s ‘Cryptoqueen’ Ruja Ignatova Holds 230,000 Bitcoin
14.5.2021
One of the ringleaders of the largest crypto Ponzi schemes, Onecoin’s Ruja Ignatova, otherwise known as the “Cryptoqueen,” allegedly owns 230,000 bitcoin worth over $11 billion today. Court documents filed by victims of the Onecoin scheme indicate that she received the bitcoins...
US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors
8.5.2021
New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors....
Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing
8.5.2021
Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review. While...