Ishan Wahi, the former Coinbase product manager, has pleaded guilty to two counts of conspiracy to commit wire fraud in the first crypto insider trading case.
Germany Skeptical of Libra & Crypto Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. With so many prominent partners, isn’t it guaranteed that the cryptocurrency will succeed?...
Summary: Coinbase CEO Brian Armstrong hailed legislators in the United Arab Emirates for developing reasonable guidelines for crypto businesses and policies to protect users. Indeed the UAE was one of the first jurisdictions to establish a dedicated body for crypto oversight and publish a rulebook for the nascent industry. Armstrong’s...
Summary: Crypto exchange operators in South Africa have until November 30 this year to apply for a license. This forms part of a plan by the country’s Financial Sector Conduct Authority designed to standardize the local industry and mitigate crypto-asset risks. The FSCA already received 20 applications since the policy...
Celsius Network is returning a fraction of user funds back The firm has filed to return 22%, nearly $48 million worth of assets back to their users. In the filing filed with New York Bankruptcy Court, the troubled crypto lender stated that it seeks to return 22% of the funds...
Summary: Chairman Jerome Powell has stated that the US Federal Reserve plans to recommend a Central Bank Digital Currency (CBDC) to Congress. According to Chairman Powell, a CBDC is a crucial financial innovation that will affect all Americans. The US Federal Reserve Chairman, Jerome Powell, has said that the central...
FTX EU, the European arm of Sam Bankman-Fried's bankrupt crypto exchange, has initiated the process to return funds to its customers. A dedicated website will allow customers to view their balance ahead of withdrawals.
Summary: Gemini and Genesis moved to throw out a lawsuit built on securities violation claims made by the U.S. Securities and Exchange Commission. In January, the U.S. watchdog filed a suit arguing that Gemini and Genesis offered unregistered securities and ignored investor protection procedures. Crypto exchange Gemini filed that the...
Lazarus is now exploiting Japanese crypto platforms. Lazarus is a North Korean hacking group responsible for executing multiple cyber attacks on various crypto firms. A joint statement released by the local police and the financial services of Japan outlines how the infamous North Korean hacker group Lazarus is now targeting...
The crypto exchange upgraded its type 1 and type 7 licenses to include services approved for Hong Kong retail customers. Haskkey’s former license only permitted the entity to do business with professional investors in the city-state. Hong Kong has officially issued its first crypto license two months after regulators introduced...
OkEX Korea Drops Privacy Crypto Like Flies As first spotted by The Block, the Korean branch of crypto exchange giant OkEX has just taken a surprising move: it is planning to delist the five privacy coins it supports from its platform by December 10th. The cryptocurrencies affected are as follows:...
