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When the Canadian dollar becomes worthless, Nunchuk says it will ‘be there to serve.’

A Canadian court issued a Mareva Injunction against crypto wallet provider Nunchuk, among other intermediaries and individuals, ordering it to disclose user information and freeze any assets related to the Freedom Convoy 2022 protests.
The post Nunchuk tells court it will ‘be there to serve’ when the Canadian dollar ‘becomes worthless’ appeared first on CryptoSlate. …

BlockFi will pay a $100 million fine to the Securities and Exchange Commission for cryptocurrency lending.

In what is set to be one of the toughest penalties against a cryptocurrency firm, details have now emerged that the foremost crypto lending platform, BlockFi, is set to pay a fine of $100 million to the Securities and Exchange Commission (SEC) of the United States government.
The post Crypto Lending: BlockFi to pay $100 million fine to SEC appeared first on CryptoSlate. Source cryptoslate.com…

Tether freezes three Ethereum addresses holding $150 million in USDT

World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT.  Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering. Tether freezes three Ethereum addresses.  The three accounts frozen by Tether will not … Read moreTether freezes three Ethereum addresses holding $150 million in USDT

Initial Litigation Offerings (ILOs) show blockchain isn’t a solution looking for a problem

initial litigation offerings ilos show blockchain isnt a solution looking for a problem

The case of Apothio, a hemp grower embroiled in a $1 billion lawsuit against a California county, has put Initial Litigation Offerings (ILOs) into the spotlight. And while not a new thing in the world of blockchain, ILOs show the potential the technology can have when employed as a solution to a very persisting and … Read moreInitial Litigation Offerings (ILOs) show blockchain isn’t a solution looking for a problem

Ripple CEO blasts the SEC on one-year anniversary of lawsuit

A year ago, on Wednesday, the SEC filed legal action against Ripple on charges of selling unregistered securities. With that, Ripple CEO Brad Garlinghouse saw it fitting to post a tweetstorm of his thoughts on the matter. Summing up, he reiterated that the lawsuit against his firm was an attack on the whole crypto industry. … Read moreRipple CEO blasts the SEC on one-year anniversary of lawsuit

Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform

The U.K. Gambling Commission, the country’s premier gambling watchdog, has launched an investigation into cards trading platform Sorare, said a notification released Monday.  The commission alleged Sorare offered and operated an unregistered gambling platform targeted towards UK citizens. The country has strict laws to keep gambling and other speculative activities in check and requires such … Read moreCrypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform

XRP holders won’t join as defendants in the SEC vs. Ripple case

US District Judge Analisa Torres ruled on Monday that a group of individuals who own XRP can offer their “meaningful perspective” in the US Securities and Exchange Commission’s (SEC) case against Ripple, despite denying their motion to intervene as defendants. The US regulator filed a lawsuit against the blockchain company in December last year, alleging … Read moreXRP holders won’t join as defendants in the SEC vs. Ripple case

How do the recent U.S. treasury sanctions impact crypto accessibility?

On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors. The cryptocurrency exchange SUEX, a private company registered in the Czech Republic, has facilitated transactions involving illicit proceeds for at least eight ransomware variants. The Treasury Department pointed out that … Read moreHow do the recent U.S. treasury sanctions impact crypto accessibility?

U.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin reserve

The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up “Fort Nakamoto” – a “strategic reserve of Bitcoin,” which he likened to Fort Knox and gold. This move was inspired by China’s renewed crackdown on cryptocurrency last week, which led to further downturns across the market. Masters intends … Read moreU.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin reserve

Just 10 Korean crypto exchanges have registered with the government ahead of deadline

With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities. Exchanges are racing against time in South Korea Just yesterday, 6 crypto exchanges Five, Gdac, Graybridge, OK-BIT, Prabang, … Read moreJust 10 Korean crypto exchanges have registered with the government ahead of deadline

Ripple (XRP) has no plans to settle SEC lawsuit. It’s prepared to go to trial

Ripple plans to take the ongoing Securities and Exchange Commission (SEC) lawsuit all the way to trial, saying it does not intend to settle with the regulator. Speaking to Fox Business, Ripple’s defense team says they are confident in their position. They add that standing up to the SEC in a trial setting is necessary … Read moreRipple (XRP) has no plans to settle SEC lawsuit. It’s prepared to go to trial

Binance reportedly under investigation in the US for insider trading

Binance, the world’s largest cryptocurrency exchange, is under a fresh investigation by United States Commodity Futures Trading Commission (CFTC) for possible insider trading and market manipulation. Binance under CFTC radar A Bloomberg report whose sources were anonymous revealed that CFTC, the agency responsible for regulating the U.S derivatives markets, is examining the possibility that Binance … Read moreBinance reportedly under investigation in the US for insider trading

Binance is finally getting a headquarter as regulators slam ‘decentralized’ workspaces

binance is finally getting a headquarter as regulators slam decentralized workspaces

After facing a ton of regulatory scrutiny about its lack of a physical headquarters anywhere in the world, Changpeng Zhao, the CEO of Binance, the largest crypto exchange by trading volume, has revealed that the exchange would be embracing a centralized headquarters sometime soon. Binance lacks a physical headquarter Binance, created four years ago, has … Read moreBinance is finally getting a headquarter as regulators slam ‘decentralized’ workspaces

El Salvador: Bitcoin (BTC) protestors step up campaign of terror on Independence Day

It’s coming up to a week and a half since El Salvador passed the Bitcoin law, making it legal tender in the country. Throughout the process, sections of the population have voiced their discontent. But reports at the ground level suggest the situation was calming down following the law’s passing. However, on El Salvador’s independence … Read moreEl Salvador: Bitcoin (BTC) protestors step up campaign of terror on Independence Day

Ukraine adopts draft crypto law even as the IMF sounds alarms

The Ukrainian Parliament has adopted a draft law legalizing and regulating cryptocurrencies and other digital assets in the country. In a nearly unanimous vote, a total of 276 Ukrainian lawmakers voted for the bill on September 8th and sent it straight to the desk of President Volodymyr Zelensky. Cryptocurrencies are about to exit a legal … Read moreUkraine adopts draft crypto law even as the IMF sounds alarms

US: SEC warns public of crypto scams and ICOs

Crypto frauds are on the rise, according to the US Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF). In its recently published investor alert, the regulator broke down some of the most obvious warning signs of Crypto scams. The SEC’s list of … Read moreUS: SEC warns public of crypto scams and ICOs

US: SEC refuses Ripple’s request to disclose employees’ XRP, BTC holdings

us sec refuses ripples request to disclose employees xrp btc holdings

The U.S. Securities and Exchange Commission (SEC) has refused to produce documentation regarding its “trading preclearance decisions” for XRP, BTC, and ETH. It has also refused to provide any documentation regarding the XRP holdings of its employees. Ripple requested the information as part of its ongoing trial with the SEC in order to determine its … Read moreUS: SEC refuses Ripple’s request to disclose employees’ XRP, BTC holdings

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