The US Department of Justice is seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange, to settle a multi-year criminal investigation. The exchange and its CEO, Changpeng Zhao, are facing allegations of bank fraud, sanctions violations, and money laundering. The proposed settlement amount would be part of a potential agreement between Binance and […]
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of operating as an unregistered securities exchange, broker, dealer, and clearing agency. This legal action is part of SEC Chair Gary Gensler’s efforts to assert the agency’s jurisdiction over the crypto industry. The SEC claims that Kraken […]
BlockFi, a cryptocurrency lending company, has resumed allowing eligible clients in the United States to withdraw their digital assets. This comes after a court directive and is a significant development in the ongoing bankruptcy proceedings. However, the resumption of withdrawals only applies to US-based holders of BlockFi Wallets who meet specific conditions outlined in the […]
The Blockchain Association is once again supporting six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae brief, the blockchain advocacy group argued that OFAC’s decision to sanction the privacy-centric cryptocurrency mixer not only raised legal questions but also […]
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development has caused significant disruption within the crypto space, particularly in light of the recent Binance-DoJ situation.Kraken, based in San Francisco, has strongly defended its operations, arguing […]
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The SEC claims that Kraken failed to meet the registration requirements for being a securities exchange, broker, dealer, and clearing agency. The lawsuit argues that many […]
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 […]
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 […]
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 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 […]
