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SEC Secures Default Judgments in $45 Million Coindeal Fraud Case
12.7.2024
The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45 million Coindeal scheme. Davidson and Knott were...
Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million
10.7.2024
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent...
Paxful Co-Founder Pleads Guilty to AML Conspiracy — Faces up to 5 Years in US Prison
9.7.2024
A Paxful co-founder has pleaded guilty to conspiracy charges for failing to maintain an effective anti-money laundering (AML) program on the peer-to-peer cryptocurrency platform. This led to various criminal activities being conducted on the platform, according to the U.S. Department of Justice...
South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations
3.7.2024
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public...
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed
Hydrogen Technology Execs Jailed for HYDRO Price Manipulation
26.6.2024
CEO Michael Kane and Shane Hampton, head of financial engineering, were sentenced to a total of more than six years in prison
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge
25.6.2024
Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of...
Crypto clicker games need real token use cases to be sustainable
18.6.2024
As Notcoin and Hamster Kombat continue to amass millions of users, experts question the long-term viability of crypto clicker games
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
18.6.2024
FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate
Decentralized ID is the next “killer” Web3 use case: Cardano sustainability lead
14.6.2024
Blockchain needs more non-speculative use cases to onboard the next billion mainstream users
Nigeria Drops Tax Charges Against Binance Executives
14.6.2024
The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case
Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty
4.6.2024
Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services
Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD
3.6.2024
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
30.5.2024
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday
SEC Ordered to Pay $1.8M for Misconduct — Debt Box Hails ‘Monumental Victory’ for Crypto Industry
29.5.2024
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary...
PayPal expands PYUSD to Solana, targets payment use cases
29.5.2024
PayPal’s PYUSD stablecoin is now available on Solana and Ethereum, offering a chain-agnostic experience for its users
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
29.5.2024
Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."
BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules
24.5.2024
Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit
Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered
24.5.2024
Coinbase Inc. (COIN) took another step in its back-and-forth argument with the U.S. Securities and Exchange Commission (SEC) on whether the cryptocurrency exchange should be allowed to raise a single, core legal point for consideration by a higher court