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2 years, 1 month ago
Crypto Whistleblower Tips Dominate CFTC Reports, Commissioner Highlights Industry's Fraud and Illegality
The United States Commodity Futures Trading Commission (CFTC) has reported that the majority of whistleblower tips it received this year were related to the cryptocurrency industry. CFTC Commissioner Christy…
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2 years, 1 month agoCFTC Pays Out $16 Million to Whistleblowers, Majority of Tips Related to Crypto Fraud
The Commodity Futures Trading Commission (CFTC) has revealed that it has paid out $16 million to whistleblowers this year. According to Commissioner Christy Goldsmith Romero, the majority of the 1,530 tips received…
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2 years, 1 month agoBittrex, Leading US Cryptocurrency Exchange, Faces Closure Amid Regulatory Troubles
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with…
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2 years, 1 month agoTurkey Drafting New Regulations for Crypto-Assets to Exit FATF Gray List
Turkey is taking steps to regulate crypto-assets in order to be removed from the Financial Action Task Force’s (FATF) “gray list” of countries that have not done enough to combat money laundering and terro…
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2 years, 1 month agoBitcoin Celebrates 15 Years: A Journey of Resilience and Growth
Bitcoin, the pioneering cryptocurrency, is celebrating its 15th anniversary. Since its inception, Bitcoin has experienced an astonishing growth of 3.4 billion percent, becoming a linchpin of the trillion-dollar…
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2 years, 1 month agoFounder of Oyster Protocol Receives Maximum Sentence for Tax Evasion
Amir Bruno Elmaani, the founder of the now-defunct cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as “Bruno Block,” admitted to secretly min…
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2 years, 1 month agoSEC Chair Urges Crypto Industry to Prioritize Investor Protection and Compliance
October 31, 2023, marked the 15th anniversary of the release of the Bitcoin whitepaper, a document that laid the foundation for the development of the Bitcoin network. Authored by Satoshi Nakamoto, the whitepaper…
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2 years, 1 month agoClosing Arguments Commence as SBF Trial Approaches Conclusion
Day 15 of the trial of Sam Bankman-Fried (SBF) continued with the prosecution’s cross-examination, focusing on SBF’s relationship with the Bahamian government, handling of customer funds, and transparency iss…
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2 years, 1 month agoUS Government Watchdog Criticizes SEC's Handling of Crypto Safeguarding Rule
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding.…
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2 years, 1 month agoFormer FTX CEO Denies Wrongdoing in $8 Billion Hidden Debt Case
Former FTX CEO, Sam Bankman-Fried, has concluded his testimony and cross-examination in his criminal fraud trial. During his testimony, Bankman-Fried acknowledged the existence of an $8 billion hidden debt within…
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2 years, 1 month agoFormer FTX CEO Sam "SBF" Bankman-Fried's Trial Nears Closing Remarks
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial is nearing its conclusion, with clo…
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2 years, 1 month agoFinancial Conduct Authority Warns UK Investors About Bitfinex's Unauthorized Financial Services
The UK’s Financial Conduct Authority (FCA) has issued a warning to investors regarding Bitfinex, stating that the exchange may be promoting financial services without proper authorization. The FCA cautions p…
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2 years, 1 month agoFTX Bankruptcy: $156M Worth of Assets, Including Ethereum and Solana, Transferred Amid Rising Creditor Claims
FTX, a bankrupt cryptocurrency exchange, has reportedly moved $156 million worth of digital assets, including Ethereum and Solana, in a series of transactions. According to blockchain analytics firm Nansen, the…
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2 years, 1 month agoGlobal Financial Regulatory Authorities Forge Unprecedented Alliance to Drive Digital Asset Innovation
In a groundbreaking move, the Monetary Authority of Singapore (MAS) has formed an alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA),…
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2 years, 1 month agoLost Bitcoin Fortunes: Tales of Misfortune and the Importance of Cryptocurrency Security
In 2017, the victims of the Mt. Gox hack are still waiting for compensation, almost 10 years after the incident. This serves as a reminder of the haunting reality of cryptocurrency, where the loss of private keys…
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2 years, 1 month agoValkyrie Investments Files Updated Bitcoin ETF with SEC
Digital asset manager Valkyrie Investments has filed an updated spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The Valkyrie Bitcoin Fund aims to offer investors the…
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2 years, 1 month agoSpain Accelerates Implementation of MiCA Act to Enhance Crypto Investor Protection
Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation h…
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2 years, 1 month agoSpain Accelerates Implementation of EU Crypto Framework, MiCA Act
The Spanish Ministry of Economy and Digital Transformation has announced that the Markets in Crypto Assets (MiCA) Act, the first comprehensive crypto framework in the European Union, will be implemented on a…
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2 years, 1 month agoDecentralized Exchange Unibot Hacked, $560K in Memecoins Stolen
A popular Telegram bot called Unibot, which is used for trading on the decentralized exchange Uniswap, was recently hacked. The exploit on a newly deployed contract allowed the hacker to steal around $560,000 worth…
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2 years, 1 month agoPotential Clue Emerges for Approval of Spot Bitcoin ETF by SEC
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US…
