Search
R.I.P. Unhosted Wallet Rule
23.8.2024
In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal
CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling
22.8.2024
The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos
Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash
22.8.2024
Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came...
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
22.8.2024
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022
India Set to Release Crypto Consultation Paper
22.8.2024
India is gearing up to release a crucial consultation paper on cryptocurrencies. The Department of Economic Affairs (DEA),…
20% of Binance’s new hires this year will be in compliance, says CEO
22.8.2024
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
22.8.2024
Sen. Cynthia Lummis said the window is closing, but it's not shut yet
Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
22.8.2024
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen
Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan
21.8.2024
Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses the fallout from the industry-wide liquidity...
'Get Him Home': Binance CEO Urges Nigerian Government to Free Detained Exec
21.8.2024
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
21.8.2024
Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game
Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities
21.8.2024
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not
German Regulator Seizes 13 Crypto ATMS
21.8.2024
The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said
Another Crypto 'Fraudster' Arrested in Montenegro, Where Do Kwon Awaits Extradition: Reports
21.8.2024
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation's police
Crypto-backed Candidate Ansari Narrowly Wins Arizona Primary By 39 Votes
20.8.2024
Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount
China Tightens Grip on Crypto Games Amid AML Lockdown
20.8.2024
According to the latest developments, China is tightening its grip on crypto. The Supreme People’s Court and the…
Nigeria’s SEC to License Crypto Issuers Amid Growing Adoption
20.8.2024
The Nigerian Securities and Exchange Commission (SEC) will grant licenses to virtual assets service providers such as cryptos…
Nigeria Plans to Introduce Crypto Licensing Process: Bloomberg
20.8.2024
The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month
Hong Kong issues generative AI guidelines for consumer protection
20.8.2024
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...