Cryptocurrency trading platform WOO Network has announced its plans to repurchase shares and tokens from bankrupt crypto hedge fund Three Arrows Capital (3AC). This move aims to eliminate the uncertainty surrounding WOO’s business caused by the collapse of 3AC. WOO has reached an agreement with 3AC’s liquidator, Teneo, to buy back the shares and tokens […]
The North American Securities Administrators Association (NASAA) has expressed support for the U.S. Securities and Exchange Commission (SEC) in its legal actions against Coinbase. NASAA argues that while cryptocurrencies themselves are not inherently fraudulent, the industry has attracted fraudsters who take advantage of investors’ fear of missing out and their economic situations. NASAA believes that […]
Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations […]
A Brazilian congressional committee has released a report recommending indictments against Binance CEO Changpeng Zhao (CZ) and other executives for unauthorized financial activities. The report accuses them of offering unauthorized securities training and improper management practices. The committee, led by congressional deputy Ricardo Silva, also calls for further investigation into Binance’s affairs, focusing on the […]
The U.K. Parliament’s Culture, Media, and Sport Committee has expressed concerns about non-fungible tokens (NFTs) and fan tokens in a recent report. The committee warns that NFTs pose a risk of copyright infringement and highlights the lack of significant benefits from these digital assets. The report also raises concerns about the impact of NFTs on […]
The European Securities and Markets Authority (ESMA) has released a report on the risks associated with Decentralized Finance (DeFi) in the EU market. While acknowledging the potential benefits of DeFi, such as financial inclusion and innovative financial products, the report also highlights significant risks. One of the main risks identified is the liquidity risk due […]
Cryptocurrency exchange Bitstamp plans to halt its operations in Canada starting from January 8, 2024. The exchange has advised its Canadian customers to withdraw their funds and deactivate their accounts before the deadline. Bitstamp’s decision to exit the Canadian market is primarily due to timing issues and the need to focus on regions where it […]
A crypto analyst has issued a warning about potential market manipulation of XRP, the cryptocurrency associated with Ripple. The analyst, known as Wall Street Bulls, suggested that the wealthy elite and major bankers may be behind these manipulative acts. They shared a price chart showing a significant decline in XRP’s value since reaching a high […]
The regulatory landscape for cryptocurrencies varies across different regions. In the United States, various regulatory bodies, such as the SEC, CFTC, and OCC, are vying for jurisdiction over the sector. The SEC has faced criticism for its enforcement approach and has lost several significant court cases. The US Congress has introduced and discussed multiple cryptocurrency-related […]
BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he […]
