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Regulation
Japan’s to allow startups raise funds using crypto
Japan eyes support for crypto startups in new regulation on startup financing.
According to reports, the new rules means…
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US lawmakers advance legislation blocking the digital dollar
The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. According to an announcement from chairman Patrick McHenry, the Committee will…
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Hong Kong warns that crypto firms are not “banks”
Hong Kong warns crypto firms against using the word “bank”
The Hong Kong Monetary Authority (HKMA) says only licensed…
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Celsius and Core Scientific propose $14M settlement for litigation
Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle which had been ongoing for months.In a Sept. 15 announcement, Core Scientific said it had agreed to sell a…
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Stoner Cats NFTs creator charged by SEC, to pay $1M fine
SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs.
Stoner Cats…
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Huobi’s new name, HTX, raises community eyebrows
Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing bankrupt exchange FTX.Huobi announced the rebranding on Sept. 13. “H”…
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India embarks on crafting crypto regulations after ruling out ban
India was long thought to be planning a complete ban on cryptocurrencies.
However, in the just concluded G20 Summit,…
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Thai authorities arrest 5 in 3,200-victim, $27M crypto scam
Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.According to an initial report from the Bangkok Post, Thailand’s Cyber…
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CFTC fines Utah man over $2.5M for leveraged Bitcoin fraud
CFTC announced Jacob Orvidas had conducted a leveraged Bitcoin fraud between October 2017 and July 2020.
Orvidas was…
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Ripple lawyer calls SEC’s latest filing “hypocritical pivot”
Stuart Alderoty, Ripple’s chief legal officer and general counsel in the SEC vs. Ripple Labs case, has characterized the United States Securities and Exchange Commission’s (SEC) latest submission as a “contradictory shift” and contends…
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