Tag: Regulatory Scrutiny

A Binance Executive on the Run: Nigeria Seeks Extradition from Kenya

Nigerian authorities and Interpol have located Binance executive Nadeem Arjarwalla in Kenya, and extradition proceedings have been initiated. Arjarwalla's escape on a Kenyan...

SEC’s Uniswap Showdown: Navigating DeFi’s Regulatory Storm

The SEC's actions align with its broader efforts to regulate companies using digital assets, including Coinbase. UniSwap expressed concerns about the SEC's regulatory...

Samourai Wallet Founders Charged: Privacy, Regulation, and Cryptocurrency

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill are arrested and charged with conspiracy to commit money laundering. The indictment alleges that...

Upbit Exchange Pioneering Crypto Adoption in South Korea

Upbit Exchange has swiftly risen to prominence, challenging industry giants like Binance and Coinbase with over 80% of South Korea's crypto trading volumes. ...

KuCoin plans $10M airdrop of BTC, KCS as Justice Dept., CFTC circle

KuCoinh announced a significant $10 million airdrop of Bitcoin and KuCoin Shares (KCS) as a token of appreciation for its users. The regulatory...

Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle

The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax. The situation...

Circle’s Regulatory Move: USDC Withdrawal from Tron Blockchain

Circle has announced its decision to cease support for its USDC token on the Tron blockchain network. USDC stablecoin is the seventh-largest crypto...

Coscoin Crypto Scam Unveiled: Authorities Investigate Alleged Ponzi Scheme

The DFI received several complaints regarding Coscoin, a well-known crypto app for integrating AI and Web3. In September 2023, Coscoin surpassed 500,000 in...

Crypto Landscape Rattled: Binance CEO CZ’s Shocking Plea Deal

Binance founder Changpeng "CZ" Zhao has stepped down as CEO amidst a reported $4.3 billion settlement with the U.S. Department of Justice (DOJ). ...