11 - 2023 | MachinaTrader.com

Apple Faces Class-Action Lawsuit Over Alleged Restriction of Crypto Technology in Payment Apps

Disgruntled consumers have filed a class-action lawsuit against Apple, accusing the tech giant of engaging in anti-competitive practices. The lawsuit alleges that Apple conspired with PayPal’s Venmo and Block’s Cash App to limit peer-to-peer payment options and block decentralized cryptocurrency technology from iOS payment apps. According to the complaint, these agreements have resulted in inflated […]

SEC Files Lawsuit Against Kraken, Alleging Securities Law Violations and Commingling of Customer Funds

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing the company of violating securities laws and commingling customer funds with corporate assets. The SEC claims that Kraken has been operating as an unregistered securities exchange, broker, dealer, and clearing agency since 2018. The lawsuit alleges that Kraken unlawfully […]

Blockchain Association Supports Lawsuit Against US Treasury Over Sanctions on Tornado Cash

The Blockchain Association has expressed its support for six plaintiffs who are suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on Tornado Cash, a cryptocurrency mixer. In a recent amicus curiae brief, the crypto advocacy group argued that OFAC’s decision to sanction the privacy protocol was not only unlawful […]

Santander Expands Cryptocurrency Services to High-Net-Worth Clients in Switzerland

Santander Private Banking International, a division of Banco Santander, is expanding its cryptocurrency trading and investment services to high-net-worth clients with Swiss accounts. The bank initially offers trading facilities for Bitcoin and Ether, with plans to introduce more digital assets in the future. This move sets Santander apart from other large banks that typically focus […]

Binance Faces Historic $4 Billion Penalty in DOJ Settlement Talks

Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could exceed $4 billion, making it one of the largest penalties in the history of the cryptocurrency industry. The allegations against Binance include money laundering, bank […]

Bittrex Global Announces Closure of Trading Operations Worldwide

Bittrex Global, a cryptocurrency exchange, has announced that it will be winding down its operations and halting all trading activity. The decision, which will affect users globally, comes after the company previously stated that it would only shut down its operations in the United States. Starting from December 4th, all trading activity on the exchange […]

SEC Files Charges Against Kraken Over Unregistered Exchange Operations and Commingling of Funds

The U.S. Securities and Exchange Commission (SEC) has filed charges against cryptocurrency exchange Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has generated hundreds of millions of dollars in revenue since 2018 by facilitating the purchase and sale of securities without registering with the SEC, which […]

US Justice Department Seeks $4 Billion from Binance in Money Laundering Probe

The US Justice Department is reportedly seeking over $4 billion from cryptocurrency exchange Binance to settle a criminal investigation into alleged money laundering, bank fraud, and sanctions violations. Negotiations between federal prosecutors and Binance have included the possibility of criminal charges against the exchange’s founder and CEO, Changpeng Zhao. Despite residing in the United Arab […]

Bullish Acquires CoinDesk, Boosting Crypto Media Presence

Bullish, a crypto exchange led by former New York Stock Exchange President Tom Farley, has acquired CoinDesk, a prominent crypto-focused media company. This all-cash deal marks a new chapter for CoinDesk, which was previously owned by Digital Currency Group. CoinDesk is known for its influential coverage of the crypto industry and made headlines in 2022 […]

Bittrex Global Announces Suspension of Trading and Wind Down of Operations

Liechtenstein-based cryptocurrency exchange Bittrex Global has announced its plans to wind down operations, starting with the suspension of trading activity on December 4th. In a recent update on their website, Bittrex Global stated that all users with U.S. dollar holdings must convert their funds to euros or cryptocurrency before December 4th to avoid any issues […]