Tag: United States Securities and Exchange Commission
FTX Bankruptcy After-Effects Blurs Intricacies of the Proposed Reorganization Plan
The FTX bankruptcy proceedings and the proposed reorganization plan by the Official Committee of Unsecured Creditors stand as a critical juncture in the...
$7.8B lost in cryptocurrency pyramid and ponzi schemes in a year
Cryptocurrency pyramid and Ponzi schemes edged out with a staggering $7.8 billion in 2022, according to TRM Labs
Investment fraud involving cryptocurrency rose...
Binance wins court case against US SEC’s demand to shutdown operations
On Friday, June 17, the Binance exchange and the US SEC agreed to avert the SEC demand on the exchange's temporary shutdown within...
Binance Exchange calls out the recent SEC crackdown on crypto
Partick Hillmann, Chief Strategy Officer of Binance Exchange, stated that the US SEC has been confusing in the past six months.
In 2021...
Bittrex Crypto exchange files for bankruptcy
Bittrex crypto exchange had to pay $29 million in fines to the US Treasury Department for "violations."
The Bittrex crypto exchange supported a...
Crypto regulations holds back Africa’s Web3 potential
According to hedgewithcrypto, the number of legal issues involving crypto decreased by 30% in 2019.
According to (SEC) Chair Gary Gensler, the...
Is the third largest crypto exchange, Kraken, facing bankruptcy?
Initially, Kraken acquired $5 million in a Series A round of Funding.
Kraken had to release at least 1100 employees from its branches...
Kraken crypto exchange fined US$30 million for violating crypto regulations
On February 9, the US SEC stated that Kraken had failed to register offer and sale of their crypto staking-as-a-service.
The Kraken crypto...
SEC warns crypto traders and investors of looming honey trap
The SEC has foreshadowed an inevitable negative turn of events
Bitcoin's value has steadily declined. Unfortunately, its price significantly affects the overall crypto...
