Tornado Cash, a cryptocurrency platform renowned for its privacy features, is again in the spotlight for the wrong reasons. The Southern District of New York has indicted its founders, Roman Storm and Roman Semenov, for allegedly laundering over $1 billion. The charges are related to the platform’s alleged role in laundering money for the Lazarus […]
Ripple’s legal battle with the SEC has been ongoing for three years, and the outcome of the case will have a major impact on the crypto industry. According to Pantera Capital CEO Dan Morehead, a win for Ripple could be a “positive black swan” that leads to greater regulatory clarity.The SEC has filed an interlocutory […]
Lugano, Switzerland has become the second city in the country to accept Bitcoin as a legal form of payment. This decision was made in March 2022 and was supported by a partnership with Tether, a leading stablecoin issuer. Tether will operate a validator node for the city’s own stablecoin, Luga (LVGA), which is pegged to […]
Binance, a cryptocurrency exchange, has announced that it will be suspending its crypto debit card services in Latin America and the Middle East starting from August 25th. The cards allowed users to make payments with cryptocurrency assets, and the suspension will take effect by September 21st. Refunds and disputes can still be processed until December […]
The UK Treasury has issued a consultation and call for evidence to assess the impact of a proposed ban on finance-related cold calls. The government has also announced a fraud strategy that would involve 400 new jobs to update its approach to intelligence-led policing. It is estimated that fraud costs the country approximately $8.7 billion […]
Coinbase Assets recently announced the suspension of trading for six cryptocurrency assets on Sept. 6, 2023, at 9 AM PT. The assets affected are BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX). This suspension means the assets will no longer enjoy some of the exchange’s core services, including Simple and […]
XRP, the native token of Ripple’s Labs, has been hindered in its growth by the United States Securities and Exchange Commission (SEC) for the past three years. Pro-XRP lawyer and CryptoLaw founder John Deaton has blamed the SEC for the slow growth in the price of XRP. He believes that the XRP and the broad […]
Rarible, a nonfungible token (NFT) marketplace, has seen a significant increase in trading volume over the past 24 hours following a public statement in support of maintaining NFT creator royalties. This comes as competitor NFT marketplaces such as OpenSea have rewound support for royalties and royalty enforcement, prompting other NFT projects to also begin rewinding […]
Bitstamp, a crypto exchange, has announced that it will end Ethereum (ETH) staking services for U.S. customers within a month. Customers will continue to earn staking rewards until September 25, 2023, and after that, all staked assets will be unstaked. Rewards and principal will be credited to users’ primary account balances, though this process may […]
Nathaniel Chastain, the former head of product at the NFT marketplace OpenSea, has been found guilty of insider trading and will spend three months in jail. Prosecutors argued that Chastain had bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices. Chastain maintained that […]
