Binance Named as Counterparty in FinCEN Order Against Bitzlato

Binance, the world's largest crypto exchange was named as a counterparty in a FinCEN order against little-known cryptocurrency exchange, Bitzlato.

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The Ether Trade That Made the Most Noise Last Week

An investor placed a large buy order for bearish put options tied to ether, seeking protection against an extended price slide to below $400 by the end of June.

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Gensler Says SEC Is Fine Going After Crypto With Its Current Authority

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), isn’t waiting for new powers from Congress in order to enforce securities laws against crypto companies, though he said Wednesday that it would be good to have more money and additional reach beyond U.S. borders.

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Texas Securities Regulator Summons SBF to February 2 Hearing

Coinspeaker Texas Securities Regulator Summons SBF to February 2 Hearing The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands.

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Bankman-Fried on the hook in Texas, called to appear at Feb. hearing

The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines and forced refunds against SBF and FTX.US.

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CFTC Issues Order Against Fraudulent Crypto Arbitrage Company

The Commodity Futures Trading Commission (CFTC) has issued an order against the CEO of a fraudulent crypto trading firm "Abritraging.co."

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How good is XRP after this brutal statement by Ripple against the SEC

As the Ripple vs. SEC case drags on, interesting twists are popping up. The SEC has finally complied with a court’s order to submit internal documents contested by Ripple (XRP/USD).

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Bitcoin Down Under: Aussie Regulator Issues Block Order Against Holon’s Crypto Funds

Bitcoin and other related crypto products being offered by this Australian asset management company is now on hold. The Holon Investments Australia Limited has received cease-and-desist orders from the Australian Securities and Investments Commission.

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Delaware Investor Protection Unit Nabs 23 Crypto “Pig Butchering” Scammers

The Investor Protection Unit of the Delaware Department of Justice has issued a summary order against 23 crypto projects and individuals. The cease-and-desist order was issued to establishments involved in a cryptocurrency scam known as the “pig butchering scam.” The…

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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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Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting

The U.S. Securities and Exchange Commission (SEC) filed and settled charges last week against Friedman LLP, the former auditing firm of stablecoin issuer Tether, finding “serial violations of the federal securities laws” and numerous instances of “improper professional conduct,” according to an order published Monday.

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Vitalik Buterin Argues That Highly Decentralized DAOs Will Outperform Corporations

Buterin believes that in order for DAOs to be more efficient, they must stay highly decentralized while embracing elements of political science and corporate governance. Vitalik Buterin Defends DAOs Against Critics Vitalik Buterin, the co-founder of Ethereum, has come out…

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Singapore High Court Approves Liquidator’s Probe Into Three Arrows Capital Assets

The Singapore High Court has formally recognized the liquidation order against the insolvent crypto hedge fund Three Arrows Capital. The ruling allows 3AC’s liquidators to commence an inquiry into the fund’s finances held in Singapore.

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CFTC Accuses Ohio Man of Running $12M Bitcoin Ponzi Scheme

The U.S. markets regulator filed a cease-and-desist order in a district court against Rathnakishore Giri and his companies over allegations of scamming investors interested in digital assets.

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Vauld Gets Three Month Moratorium From Singapore Court – Here’s What It Means For Creditors

Troubled Vauld obtained a three-month moratorium for the courts in Singapore as it hoped to put its house in order. The exchange’s 147,000 creditors are now barred from taking legal action against the company for the duration of the moratorium.

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Key Metrics to Measure Blockchain Network Performance

Everything out there has a particular set of characteristics against which its performance can be measured. Be it something as simple as a car or as intricately intertwined as the blockchain. These factors also help draw a comparison between two or multiple blockchains in order to find out the one that’s best for developing projects, […]

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Daily Pump & Dump | May 31, 2022 Crypto Market Report

The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins.   Today’s summary: Bitcoin reclaims $30,000 over memorial day weekend How Ethereum could lose its head against BTC What’s going on with Cardano? Bitcoin Makes Memorial Day Weekend Memorable Over the US Memorial Day holiday, bulls took advantage of thin order books and low volume, pushing the price per BTC to more than $31,500 at close.

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OCC issues Consent Order against Anchorage Digital Bank over AML violations

Anchorage Digital Bank has agreed to remedial action and will appoint a Bank Secrecy… The post OCC issues Consent Order against Anchorage Digital Bank over AML violations appeared first on Coin Journal.

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State Regulators Crack Down on Voyager Digital's Crypto Interest Offering

The legal order resembles a similar push against BlockFi.

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The Sun Is Finally Setting On XRP As Ripple Scores Biggest Win Yet Against SEC In A Surprising Turn Of Events

As ZyCrypto reported, the SEC filed a motion last April to strike out Ripple’s make-it-or-break-it fair notice defense which sought to have the court compel the SEC to avail some information through a discovery order and...

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Robinhood Exec Speaks Out Against Overregulating Crypto

A Robinhood executive says cryptocurrencies desperately need clarity while praising the recent executive order issued by the White House

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Crypto Market Braces For President Biden’s ‘Make Or Kill’ Executive Order This Week

A rift of sorts between crypto firms and the U.S. government on how sanctions against Russia should be enforced seemed to have stretched to breaking point.

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Florida Judge Denies Kleiman Estate’s Request for New Trial Against Craig Wright

Lawyers for Ira Kleiman asked for a do-over in January, claiming Wright’s attorneys violated a court order to keep quiet about Kleiman’s fraught relationship with his brother, Dave.

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Cryptocurrencies have double digit rises against backdrop of sanctions

The war in Ukraine has become a turning point in the world order in…

The post Cryptocurrencies have double digit rises against backdrop of sanctions appeared first on Coin Journal.

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Canada Emergencies Act Declares War Against Crypto And Freedom Convoy Protesters

Prime Minister Justin Trudeau has invoked the Canada Emergencies Act, a law that allows the government to freeze the bank accounts of protesters without the necessity for a court order. This will be the first time the law is enforced.

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Terra Launch Safeguards Against Market Volatility And HUH Token’s 100s Of Influencers Skyrocket Crypto

The world of crypto is changing and with it, the measures cryptocurrencies like Terra (LUNA) and HUH Token (HUH) must go to, in order to attain the trust of crypto investors. The FCA recorded in their crypto consumer research paper for the year, 2021, that crypto investors are more likely to invest in crypto againRead More

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How Bitcoin Goes Against The World Order

Bitcoin limits governments’ abilities to block or otherwise intentionally disrupt the financial services of groups and organizations.

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Pakistan Government To Ban Cryptocurrency Trading

Pakistan’s FIA (Federal Investigation Agency) has announced that they plan on obtaining a court order from the PTA to block cryptocurrency trading websites. The government is stated to be doing so as part of their efforts against fraud and money laundering.

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Court Orders SEC to Answer Ripple’s Interrogatories

Ripple, however, has failed to bury the SEC in paperwork, with the judge granting the agency’s motion for a protection order against “unduly burdensome” requests

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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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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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Chivo Implements Measures “Against Money Laundering,” El Salvador’s Largest Bank Accepts Bitcoin Payments

There is also “no tax” - income or capital - on profits from Bitcoin investment in the country in order to “encourage foreign investment,” The post Chivo Implements Measures “Against Money Laundering,” El Salvador’s Largest Bank Accepts Bitcoin Payments first appeared on BitcoinExchangeGuide.

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5th State Issues a Warning Against BlockFi as the Crypto Lender Engages with Regulators

Crypto lender BlockFi has received another warning, and this time it’s from Kentucky. The cryptocurrency trading and financial services provider received an order from the Division of Securities of the Kentucky Department of Financial Institutions (KDFI) on Friday regarding the state's BlockFi Interest Account (BIA) operations.

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SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’

The U. S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc Through an emergency action filing, the U. S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating.

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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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Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub

Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin.

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South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’

A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year.

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Self-Professed Bitcoin Creator Craig Wright Wins Lawsuit Over White Paper Copyright Infringement Claim

The self-proclaimed — and often hotly disputed — bitcoin inventor has scored a legal victory in his lawsuit against the publisher of bitcoin.org, who goes by the moniker Cobra. Wright had sued in order to claim control of the rights of the seminal white paper that laid out the technology for what is now the […]

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French Court of Appeals Upholds Alexander Vinnik’s Sentence

A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.

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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services

They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety.

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US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors

New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors.

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Ripple Emerges Victorious in Case Against Tetragon

Attorney Jeremy Hogan retweeted defense lawyer James K. Filan on Monday evening. In the original tweet, Filan attached a copy of the Order and Final Judgment from the Delaware Chancery Court. The document revealed that the court had ruled in Ripple Labs’ favor, against the plaintiff, Tetragon Financial Group.

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Texas securities board takes action against hoax ‘Binance’-branded scheme

The Texas State Securities Board has entered an emergency cease and desist order against a shape-shifting, fraudulent cryptocurrency scheme using the Binance brand to lure investors.

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Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

A U. S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states.

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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems.

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Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.

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South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC

A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin.

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US SEC acquires order imposing asset freeze against Virgil Capital

United States Securities and Exchange Commission (SEC) today announced that it obtained an order imposing an "asset freeze and other emergency relief" against Virgil Capital LLC in connection with an The post US SEC acquires order imposing asset freeze against Virgil Capital appeared first on AMBCrypto.

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US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen

The U. S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls.

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