Summary: The U.S. Securities and Exchange Commission was ordered to respond to a complaint from crypto exchange Coinbase within the next 10 days, a court ruled on Wednesday. Coinbase filed a lawsuit to force the watchdog to clarify how it interprets and applies securities laws to the cryptocurrency industry. The...
Ex-Opensea Product Manager Nate Chastain has been convicted in the insider trading case filed against him last year. Chastain faces upto 40 years in prison after being found guilty of wire fraud and money laundering.
Alex Mashinsky's lawyers have moved to dismiss the lawsuit filed against him by New York Attorney General Letitia James for his role in the collapse of the Celsius Network last year and defrauding its investors.
Crypto claims trading exchange OPNX must navigate more controversy after its lackluster launch in April as Dubai's VARA cautioned Su Zhu and other founders for marketing an unlicensed business.
Crypto exchange Poloniex has agreed to pay a $7.6 million penalty to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to settle charges related to the alleged violation of multiple sanctions programs.
Winklevoss-owned crypto exchange Gemini has agreed to enter a 30-day mediation period with Genesis and the Digital Currency Group to come up with a final resolution regarding the outstanding payment to its Earn users.
Cross River Bank has been hit with a consent order from the U.S. Federal Deposit Insurance Corporation (FDIC) over unsafe and unsound banking practices.
The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order to Coinme and Up Global, along with a $4 million fine for the unregistered ICO of their UpToken.
Summary: Binance is set to restart operations in Japan’s crypto market after acquiring licensed trading venue Sakura in November 2022. The Sakura Exchange BitCoin (SEBC) which currently supports 11 trading pairs will cut its services on May 31 and rebrand to “Binance Japan”. Changpeng Zhao’s company will re-enter Japan five...
Summary: South Africa-based Cornelius Johannes Steynberg was fined $3.4 billion for running an unregistered Bitcoin commodity pool operation, the CFTC announced in a Thursday statement. Steynberg founded Mirror Trading International (MTI), a BTC pool operator that illegally accepted $1.7 billion from 23,000 U.S. citizens while operating out of SA. The...
