The JPEX saga continues with the latest development of 18 suspects being arrested in Hong Kong and Macau in connection with the crypto exchange case. A total of $2.8 million has been seized in both cash and gold.Charges have been filed against two individuals in Hong Kong for allegedly using Macau casinos to launder illicit […]
Chase Bank UK has recently announced that it will no longer accept payments related to crypto DeFi protocols. This decision has been met with criticism from crypto veteran investor and business magnate Brian Armstrong, who has advised UK crypto holders to close their Chase accounts. Coinbase and other top crypto exchanges have increased their global […]
Ripple, a payments technology company, recently held a “Victory Party” to celebrate its partial win in court against the SEC. The event was a lavish one, with legendary rock musician Lenny Kravitz performing. Ripple CEO Brad Garlinghouse gave an impassioned speech, recognizing key personalities in the Ripple team and thanking the XRP community for their […]
Bitwise is set to launch two Ethereum-themed ETFs on Monday, October 2nd, allowing investors to gain exposure to CME Ether futures through the ETF format. The two funds, the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will have an expense ratio of 0.85% each and will […]
An address linked to the FTX exploit, identified as 0x3e9, has recently conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses. A significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract. Additionally, the exploiter engaged in a swap involving 2,500 […]
SWIFT, the global payments network, is making strides in the world of blockchain-based transactions. Cross-border payments are projected to reach a valuation of approximately $250 trillion by 2027. A survey of 4,000 consumers and SMEs across eight key markets revealed that banks remain the preferred choice for many due to the high level of trust […]
The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. The DOJ submitted a letter motion in limine on Sept. 30, to enable them to get the interpretation of the witnesses on FTX’s treatment of […]
Circle, a stablecoin issuer, has stepped into the legal battle between the Securities and Exchange Commission (SEC) and Binance. Circle is arguing that stablecoins, whose value is tied to other assets, should not be subject to traditional financial trading laws. This case is seen as a pivotal moment in the crypto-legal world, as it highlights […]
The SEC has charged Anthony Viggiano with insider trading ahead of numerous merger-and-acquisition deals. Viggiano allegedly tipped two friends on upcoming M&A deals and strategic partnerships, resulting in more than $580,000 of illegal profit. The SEC also charged the recipients of the trading tips, Christopher Salamone, Stephen Forlano, and Nathan Bleckley. Viggiano faces nine securities […]
The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Prager Metis, an accounting firm that had previously provided services to the now-defunct cryptocurrency exchange FTX. According to the SEC, Prager Metis had violated the industry’s independence standards by continuing to offer accounting services over a period of nearly three years. The […]
