Terraform Labs, the blockchain firm behind TerraUSD and Luna, is dissolving following a significant $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). This decision marks a pivotal moment in the ongoing saga of cryptocurrency regulation and enforcement. crypto news Market Investors Background The SEC’s investigation revealed that Continue Reading
Compliance
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Altcoin
Terraform Labs Dissolves After $4.47 Billion SEC Settlement
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BITCOIN
Australia’s First Spot Bitcoin ETF IBTC
Australia has taken a significant step forward in the cryptocurrency investment landscape with the launch of its first spot Bitcoin ETF, the Monochrome Bitcoin ETF (IBTC). This landmark financial product, listed on the Cboe Australia exchange, provides investors with direct exposure to Bitcoin, offering a regulated and secure way to Continue Reading
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Altcoin
Ripple CTO Unveils Tokenization Secrets
The world of cryptocurrency is always evolving, and Ripple’s CTO, David Schwartz, has once again made waves with his latest insights. Recently, Schwartz provided a detailed explanation of tokenization, leaving the XRP community both stunned and excited about the future. But what exactly did he say, and why is it Continue Reading
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Crypto News
Binance Secure Registration with India’s Financial Unit
Binance have successfully obtained registration with India’s Financial Intelligence Unit (FIU), signaling their commitment to compliance with local regulations and paving the way for their return to the Indian market. Regulation Binance prominent players in the global cryptocurrency exchange landscape, have achieved a crucial milestone by securing registration with India’s Continue Reading
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Crypto News
Google Tightens Regulations on Cryptocurrency Ads
Google Sets Stricter Guidelines for Cryptocurrency Advertising in the U.S. In a significant move, Google has announced an update to its advertising policy that will impact advertisers offering Cryptocurrency in the United States. Effective January 29, 2024, the tech giant is implementing stricter guidelines, requiring advertisers to meet specific certification Continue Reading
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Crypto News
Binance Announces Listing Anchored Stablecoin AEUR
Binance, the world’s leading cryptocurrency exchange, has announced the listing of the new stablecoin Anchored Coins EUR (AEUR). This eagerly anticipated listing is scheduled to go live on December 4th, 2023, at 10:00 (UTC). The platform will also introduce new spot trading pairs, opening up exciting opportunities for crypto enthusiasts. Continue Reading
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Crypto News
Binance US: CZ Steps Down as Chairman Board of Directors
Changpeng Zhao, often referred to as CZ, the prominent founder and CEO of Binance, has made the decision to step down from his role as Chairman of the Board of Directors at Binance US. This move follows an intense period of regulatory scrutiny that has impacted various cryptocurrency exchanges and Continue Reading
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Crypto News
KuCoin Takes Action: Disqualifies Multiple Projects
KuCoin, a prominent cryptocurrency exchange, has taken a bold step to enhance the integrity of its platform by disqualifying certain projects deemed unfit for continued listing. This move is a strategic initiative to rid the exchange of projects that may pose risks or fail to meet the platform’s standards. KuCoin Continue Reading
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Crypto News
Binance Announces Richard Teng as New CEO
Binance, one of the world’s leading cryptocurrency exchanges, has recently declared the appointment of Richard Teng as its new Chief Executive Officer. This comes following the voluntary step-down of the former CEO, Changpeng Zhao (CZ), who has decided to pass the torch after acknowledging his mistakes and taking responsibility for Continue Reading
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Crypto News
Kraken Faces SEC Lawsuit: Defending Cryptocurrency Integrity
The Securities and Exchange Commission (SEC) filed a complaint today, alleging that Kraken, a prominent cryptocurrency exchange, operates as an unregistered national securities exchange, broker, and clearing house. This legal action raises questions about the regulatory landscape for cryptocurrency platforms and their compliance with existing financial regulations. Kraken’s Strong Disagreement Continue Reading
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Blockchain
Barnbridge DAO Faces SEC Investigation and Halts Operations
the Barnbridge DAO is currently under investigation by the U.S. Securities and Exchange Commission (SEC). The SEC’s legal counsel has advised the cessation of all product work, suspension of payments to individuals associated with the DAO, and the closure of existing liquidity pools. The SEC Investigates Barnbridge DAO’s Cross-Platform Derivatives Continue Reading
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Crypto News
Upbit Implements Korean Fiat Currency Trading for BLUR
Upbit, the largest cryptocurrency exchange in South Korea, revealed its plans to introduce a new trading pair featuring BLUR, a prominent digital asset, and the Korean fiat currency, KRW. This development aims to enhance accessibility and convenience for Korean investors seeking to diversify their cryptocurrency portfolios. Upbit has also emphasized Continue Reading
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Crypto News
IRS Seeks Third-Party Contractors to Track Cryptocurrency
The Internal Revenue Service (IRS) is taking steps to ensure proper tax compliance among U.S. taxpayers with cryptocurrency holdings. In its pursuit of enhanced digital asset tax compliance, the IRS is looking for third-party contractors who can provide innovative solutions. These contractors will play a crucial role in aggregating, valuing, Continue Reading
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Crypto News
Binance Announces Departure from Dutch Market
Binance, a leading cryptocurrency exchange, has announced its decision to leave the Dutch market, preventing new users from registering accounts. Existing Dutch residents will only be able to withdraw their assets from the platform, as all other activities such as purchases, trades, and deposits will be discontinued starting from July Continue Reading
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Crypto News
Brazil Passes New Law Regulating Cryptocurrency
Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country’s central bank as the primary regulator, granting it the authority to authorize and oversee operations within the cryptocurrency market. This move marks a crucial step towards creating a more secure Continue Reading
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Crypto News
Binance Declared ‘Illegal’ by Nigeria’s SEC
Bloomberg reported, Nigeria’s Securities and Exchange Commission (SEC) has recently declared the operations of Binance Holdings Ltd., the world’s largest cryptocurrency exchange, as ‘illegal’ within the country. This announcement by the SEC comes on the heels of similar actions taken by the U.S. SEC against the company, reflecting a growing Continue Reading
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Crypto News
SEC Sues Coinbase and CEO Brian Armstrong Responds
Cryptocurrency exchange Coinbase and its CEO Brian Armstrong have found themselves in the midst of a legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has filed a complaint against Coinbase, alleging violations of securities laws. In response, Brian Armstrong took to Twitter to address the situation Continue Reading
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Crypto News
SEC Labeled 10 Tokens As Securities In Binance Lawsuit
SEC sues Binance, calling BNB and other tokens securities. This raises questions about their future and crypto regulation.
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Crypto News
President Biden Takes Firm Stance on Cryptocurrency G7
President Biden’s recent address at the G7 summit shed light on his strong stance regarding cryptocurrency and the need to combat tax evasion. In his speech, he emphasized that he views cryptocurrency as a significant risk to the global financial system and expressed his commitment to cracking down on tax Continue Reading
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Crypto News
Ripple Announcing CBDC Platform For Central Bank
Ripple, a prominent company in the field of cryptocurrency, has made a significant announcement today with the unveiling of the Ripple CBDC Platform. This groundbreaking solution aims to empower central banks, governments, and financial institutions to issue their own central bank digital currency (CBDC). With the rise of digital currencies Continue Reading
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Crypto News
EU Adopts Regulation on Markets in Crypto-Assets (MiCA)
In a significant step towards addressing the challenges posed by the crypto-assets sector, the European Union (EU) has taken proactive measures to regulate this rapidly evolving industry. The Council of the EU has adopted a new regulation on markets in crypto-assets (MiCA), which establishes a comprehensive framework for crypto-assets, crypto-asset Continue Reading
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Crypto News
The US Government’s Crackdown on Crypto Exchanges
In recent years, cryptocurrencies have gained significant popularity, attracting both enthusiastic investors and technological innovators. However, this surge in interest has also caught the attention of regulatory bodies, particularly the US government. The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have taken a more assertive stance Continue Reading
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Altcoin
SEC Asks Court to Lower Fine for LBRY: What You Need to Know
The United States Securities and Exchange Commission (SEC) has requested to revise its punishment against LBRY, a decentralized content platform, acknowledging that the firm is unlikely to pay the original amount it was ordered to pay. In a recent filing, the SEC asked a New Hampshire District Court to impose Continue Reading
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Crypto News
Voyager Releases Compensation Update for Crypto Customers
Voyager, a crypto lending platform, has released an update on the compensation for its customers affected by the recent crypto market crash. The company has announced that customers will receive an initial recovery estimated to be 35.72% of their claim amount due to certain holdbacks. The compensation update comes as Continue Reading
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Crypto News
Deloitte partners with Polkadot Ecosystem KILT Protocol
Deloitte partners with KILT Protocol to enhance identity protocols on the Polkadot ecosystem2/ KILT Protocol’s reusable digital identity credentials will support Deloitte’s Know Your Customer / Know Your Business processes (KYC/KYB) and protect financial institutions against fraud, corruption, money laundering, and terrorist financing. Vice How KILT’s Tech Works KILT’s tech Continue Reading