Crypto Custodian Prime Trust to Cease Operations in Texas at End of January

The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."

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Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines

Coinspeaker Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors.

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Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

Nexo began offering its Earn Interest Product to U.S. customers in June 2020.

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MyConstant ordered to cease crypto-lending services in Califonia

California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to cease offering some products. The DFPI had warned in July that it would crack down on crypto interest account providers.

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California watchdog issues cease order on crypto firm

The California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency lending platform MyConstant to stop marketing many of its cryptocurrency-related products.

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California regulators order MyConstant to cease crypto-lending services

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

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US-based crypto exchange BITFRONT announces closure

BITFRONT, the crypto exchange based out of Palo Alto, California, has announced that it will cease all operations towards the end of the year. The exchange was initially launched as BITBOX in SingapoThe post US-based crypto exchange BITFRONT announces closure appeared first on AMBCrypto.

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Australian regulator suspends Holon Investments’ Bitcoin, Ethereum, Filecoin funds

The Australian Securities and Investment Commission (ASIC) has ordered Holon Investments Australia Limited to cease offering crypto investment funds to retail investors for incomplete target market determination (TMD) submissions.

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Innovations Never Cease: Polygon Has Been Added to 1xBit

It is a new day on 1xBit, the crypto betting platform, as it gets…

The post Innovations Never Cease: Polygon Has Been Added to 1xBit appeared first on CoinJournal.

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Crypto Sleuth Links The Wintermute $160M Hack To Insider Job

In the crypto industry, issues of hacks and exploits have become one of the dreaded nightmares. The increasing expansion of the crypto space brews more exploitations as well. Despite the security measures most crypto protocols build around them, the bad actors never cease to scan for available vulnerabilities.

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Nexo Hit With Cease and Desist Orders From Eight U.S. States

Multiple U.S. state regulators have issued cease and desist orders against the crypto lending platform Nexo. C&D Issued Against Nexo Eight U.S. states are taking legal action against Nexo for...

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California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues

The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. The post California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues appeared first on BeInCrypto.

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Why Binance Is Booting USDC, Two Other Stablecoins Out Of Exchange In Favor Of BUSD

Binance, the world’s largest cryptocurrency exchange by trading volume, recently shocked the crypto community when it announced that it would cease trading support for a bunch of stablecoins.

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Circle co-founder says converged dollar books on Binance would be good for USDC

The world's largest crypto exchange announced Monday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.

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Binance: No plans to auto-convert Tether, though that ‘may change’

The crypto exchange responded to questions from Cointelegraph after announcing it would cease trading support for USDC and two other stablecoins this month.

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Taliban Crypto Crackdown Sees 13 Arrests and Exchanges Shut Down

The Taliban regime in Afghanistan has detained several dealers who ignored orders to cease trading digital assets following a nationwide cryptocurrency ban imposed earlier this month. The post Taliban Crypto Crackdown Sees 13 Arrests and Exchanges Shut Down appeared first on BeInCrypto.

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US Federal Deposit Insurance Corporation Warns 5 Crypto Firms Against Misleading Customers

The US Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five crypto firms for allegedly misleading customers about its workings or their affiliation. According to a Friday statement, the agency accused FTX.

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GreenPower Network: Building up the EnergyFi foundation for Web 3.0

Blockchain and crypto projects never cease to amaze us with what they can achieve. Yet another example of it is this new green crypto project GreenPower Network (GPN) which aims at encouraging a brandThe post GreenPower Network: Building up the EnergyFi foundation for Web 3.0 appeared first on AMBCrypto.

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FTX US among 5 companies to receive cease and desist letters from FDIC

The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.

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FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims

The FDIC published five cease-and-desist orders Friday, including to FTX.US, alleging they mislead investors by suggesting they had coverage from the deposit insurance provider.

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Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers

Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny.

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More security, transparency, and scalability: What blockchain needs for mass adoption

In February 2022, the Ukrainian government ran a crypto donation campaign to support victims of the Russian invasion. When the nation tried to reward those who had contributed to the fundraiser by sending crypto wallet holders complimentary NFTs, a slew of scammers took advantage of the government’s generosity, causing the operation to cease.

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‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity

A pseudonymous Twitter account making a series of accusations against Nexo has caused the crypto lender to issue a cease and desist notice.

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Nexo Sends Cease and Desist Letter to Anonymous Twitter Account Accusing It of Embezzlement

The Twitter account “@otteroooo” has claimed that crypto lender Nexo embezzled funds from a charity. Nexo says the the account user is intentionally using the name of someone unrelated to Nexo.

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Crypto firms face critical deadline in the UK

Crypto firms in the United Kingdom could be forced to cease operation by next week as the deadline for registration with a foremost financial regulator in the country looms. The post Crypto firms face critical deadline in the UK appeared first on CryptoSlate.

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Binance tells regulators it will cease operations in Ontario... for real this time

The crypto exchange admitted to operating in the province without registration after saying it would stop.

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Binance to Cease All Crypto Services in Singapore by February 2022, Here's Why

Largest crypto exchange, Binance, intends to cease working in Singapore by next February

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Nexo confirms receiving C&D order from NY Attorney General: what you need to know

Nexo Financial confirmed being one of the two crypto lending firms to receive the cease and desist order from Attorney General Letitia James’ office. Previously, it was reported Attorney General James had ordered two unnamed crypto lenders to terminate operations on Monday, October 18.

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NYAG Now Goes After Crypto Lenders, Nexo Says It Doesn’t Offer Services In New York Anyway

After settling charges with Tether and Bitfinex for $18. 5 million, the New York State Attorney General has now asked two cryptocurrency lending platforms to cease activities in New York. Three other platforms have also been directed to provide information about their business.

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Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’

Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James’ office.

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Altcoin exchange Kucoin to cease China operations amid regulatory woes

It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year.

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Did US Regulators Began Offensive Against Crypto Platforms? CFTC Fines Kraken

One of the biggest cryptocurrency exchanges, Kraken, received a $1. 25M fine. The Commodity Futures Trading Commission imposed the “civil monetary penalty” plus a cease and desist from “further violations of the Commodity Exchange Act (CEA)” on September 28th.

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4th State Issues an Emergency Cease and Desist Order Against Crypto Lender Celsius Network

Cryptocurrency lending platform Celsius Network has now received an emergency cease and desist order from Kentucky’s securities regulator over its “Earn Interest Accounts. ” On Thursday, Kentucky joined three other states, including Alabama, New Jersey, and Texas, that last week took similar actions.

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Binance to Cease Offering Derivatives and Leverage to Australian Users

The leading cryptocurrency exchange continues to take steps to be regulatory compliant after regulators from all over the world went after Binance for offering crypto products to their citizens not aligned with the regulations.

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Crypto Lender Celsius Network is Now Being Targeted by Texas, New Jersey, and Alabama

After BlockFi, regulators are now targeting crypto lender Celsius Network. Texas filed a notice this week seeking a hearing to determine whether to issue a cease and desist order against the company.

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After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius

Earlier this year, crypto lending platform BlockFi started facing the heat from state regulators in New Jersey, Texas, and Alabama. Other states have joined the fold since then, as well. Celsius this week is now facing similar cease and desist demands from all three of the same states that BlockFi first faced.

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Binance follows MAS’ instructions to halt operations in Singapore

Renowned crypto exchange Binance has decided to terminate all services and products it offers in Singapore. The exchange announced this news on September 5, noting that it intends to cease offering Singaporeans crypto services, starting Friday, September 10.

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Binance suspends a bunch of its offerings in Singapore

The embattled crypto platform announced it would cease trading in Singapore dollars as it… The post Binance suspends a bunch of its offerings in Singapore appeared first on Coin Journal.

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24 crypto exchanges in Korea face regulatory death knell

According to a press statement released by South Korea’s Financial Services Commission (FSC), over 20 crypto exchanges operating within the Asian country could cease operation as the September 24 deadline for crypto regulation draws near.

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London High Court Orders Binance to Identify Individuals Behind $2.6 Million Fetch.ai Hack

London High Court judge Pelling QC has ordered Binance crypto exchange to track hackers and help recover all the $2.6 million stolen on June 6 from Fetch.ai accounts on Binance. The case is part of the public cases involving the cryptocurrency exchange since being ordered by the Financial Conduct Authority (FCA) to cease providing any […]

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Malaysian regulators order Binance to disable operations within 14 days

The Securities Commission Malaysia (SC), the country’s topmost watchdog for financial services and securities, ordered crypto exchange Binance to shut up shop within two weeks and cease all offerings to Malaysian users.

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Crypto bank BlockFi faces regulatory block in New Jersey

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction.

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BlockFi CEO Comments on Cease And Desist Order from New Jersey Attorney General

Crypto lender BlockFi has appeared in the crosshairs of the New Jersey Bureau of Securities

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Binance to cease operations in Ontario following regulatory crackdown

Ontario's crypto exchange crackdown continues as Binance plans to end operations Dec. 31, 20201.

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PBOC Orders Major Banks, Alipay to Cease Servicing Crypto Companies

The People’s Bank of China (PBOC) has pressed major banks and payment platform Alipay to cease providing services linked to cryptocurrencies. The post PBOC Orders Major Banks, Alipay to Cease Servicing Crypto Companies appeared first on BeInCrypto.

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Indian Central Bank Urging Lenders to Cut Ties With Crypto Exchanges

The Reserve Bank of India (RBI) is informally requesting that lenders cease their associations with crypto exchanges and traders. The post Indian Central Bank Urging Lenders to Cut Ties With Crypto Exchanges appeared first on BeInCrypto.

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Country in Chaos: Second Turkish Crypto Exchange Collapses Amid Accusations of Fraud

Vebitcoin crypto exchange based in the southwestern city of Mugla, Turkey, has gone offline. The company’s website home page refers to recent developments that have forced them to cease trading.

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Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms

The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.

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Crypto Exchange Bybit Suspends Trading for UK Customers Due to FCA Derivatives Ban

Crypto exchange platform Bybit is set to cease operations for UK-based customers citing the recent regulations issued by the regulator in regards to crypto derivatives. In an official announcement, the firm stated that it would end its services to UK customers on March 31.

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