SEC Admits to Inaccurate Statements in Fraud Case Against Crypto Firm Debt BOX

The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost $50 million. However, the SEC admitted that its legal counsel made inaccurate representations during a hearing in July, which allowed the SEC to […]

Hong Kong Embraces Crypto ETFs, Setting High Standards for Digital Asset Innovation

Hong Kong has announced that it is ready to accept applications for spot crypto exchange-traded funds (ETFs), marking a significant shift in the crypto landscape. The move is part of Hong Kong’s efforts to position itself as a leading hub for digital asset innovation and regulation.The Securities and Futures Commission (SFC) and the Hong Kong […]

Hong Kong Regulators Issue New Rules Allowing Crypto ETFs for Investment Funds and Asset Managers

The Securities and Futures Commission (SFC) of Hong Kong and the Hong Kong Monetary Authority (HKMA) have issued new rules allowing investment funds, brokerages, and asset managers to offer Crypto ETFs. These exchange-traded funds (ETFs) track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto market.Investing in a crypto […]

Paxos Receives Regulatory Approval to Expand USDP Stablecoin to Solana Blockchain

Paxos, a major player in the stablecoin market, has received regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain. This is a significant development as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin exclusively on the Ethereum network.Solana’s blockchain technology offers […]

SEC Chairman Faces Backlash from Crypto Industry Over Lack of Regulations

SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed the rampant non-compliance and lack of adherence to securities laws in the crypto space. He emphasized the need for these laws to protect […]

Barnbridge DAO Settles with SEC for $1.7M Over Unregistered Crypto Bonds

The Barnbridge DAO has reached a settlement with the Securities and Exchange Commission (SEC) over the sale of unregistered crypto bonds. The settlement, which amounts to $1.7 million, includes a cease and desist clause that prohibits any further sales of these crypto securities.This development marks a significant step in the regulation of the cryptocurrency market, […]

BarnBridge DAO Settles SEC Charges for $1.7M Over Unregistered SMART Yield Bonds

BarnBridge DAO and its founders, Tyler Ward and Troy Murray, have agreed to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges stem from the failure to register their structured crypto asset securities, known as SMART Yield bonds, which the SEC alleges violated securities laws.The settlement includes […]

Circle Secures Conditional DASP License in France, Expands European Footprint

Circle, a leading global financial technology company, has obtained registration as a Digital Asset Service Provider (DASP) in France. This move is part of Circle’s strategy to expand its presence in the European Union (EU) and strengthen its regulatory compliance.Circle has always prioritized regulatory compliance and obtaining the conditional DASP registration in France is a […]

Ledger’s Security Breach Exposes Smart Contracts to Vulnerabilities

In response to a recent security breach in Ledger’s code library, the hardware wallet provider has taken swift action to mitigate potential losses and strengthen security measures. The breach exposed popular integrated protocols to potential vulnerabilities, resulting in approximately $600,000 in stolen assets from users of EVM DApps. Ledger has pledged to compensate those affected […]

UBS CEO Urged to Learn from CS Crisis and Embrace a Holistic Approach

The leadership of UBS is facing increasing scrutiny and pressure following the forced takeover of Credit Suisse. This has led to a divisive mentality of “us versus them,” as noted by Samuel Gerber. Sergio Ermotti, the CEO of UBS, has been repeatedly questioned about the success of the takeover and the fate of Credit Suisse […]