Tether, the stablecoin issuer, has deposited around $1 billion into the UK subsidiary of Britannia Financial Group, according to court documents cited by the Financial Times. This comes amidst an ongoing legal battle between Britannia and Arbitral International. Arbitral filed a lawsuit against Britannia, accusing the bank of failing to fulfill payment obligations for a […]
Tether, the issuer of the USDT stablecoin, has taken a significant step in combating illegal activities in the crypto space. In collaboration with US law enforcement agencies, Tether has conducted a joint investigation targeting a human trafficking organization in Southeast Asia. As a result, Tether has initiated the largest USDT freeze in its history, permanently […]
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, designating Cardano (ADA) and Solana (SOL) as securities. This move aligns with the SEC’s ongoing legal battles with other major crypto exchanges. Kraken’s CEO, Dave Ripley, has challenged the SEC’s allegations, emphasizing the need for clear regulatory frameworks in the […]
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 […]
