Page 27 - Cryptocurrency

US securities watchdog declares all-out war against crypto, files 130 cases

Two lawsuits filed this week by the US market regulator -- the Securities and Exchange Commission (SEC) -- could potentially determine the future of cryptocurrency

All about Zhao: From flipping burgers to landing in SEC's frying pan

Changpeng Zhao, founder of Binance known by his initials CZ, has no intention to give in

As SEC-Coinbase fight begins, it'll be Grewal vs Grewal in the courthouse

Indian-origin Paul Singh Grewal, an attorney working as chief legal officer at crypto exchange Coinbase which is in the thick of controversy

RBI averse to crypto but is all set to float CBDC; FinMin weighs options

The Reserve Bank of India (RBI) has made no bones about it being averse to crypto currency, ever since it emerged on the horizon in the country a few years ago

Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase

Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday

Binance used two American banks to move billions of dollars, says SEC

In court filings, the SEC accountant, Sachin Verma, detailed a tangle of transactions that companies associated with the giant cryptocurrency exchange had made through two banks

Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond

US SEC sues crypto exchange Coinbase post suing Binance for not registering

A day after suing crypto exchange Binance, the US SEC on charged Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency

North Korean hackers suspected in new $35 million cryptocurrency theft

North Korean hackers were suspected behind the theft of at least USD 35 million from a cryptocurrency service, multiple crypto-tracking experts told CNN Tuesday

US SEC charges Coinbase for operating as unregistered securities exchange

The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague. The SEC complaint also alleges that Coinbase's holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase's violations. Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday. The SEC, which had warned Coinbase

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls

Can leverage learnings from India on crypto regulations: WEF research

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India. The report published by the World Economic Forum (WEF) emphasised that while full global coordination for crypto regulation would be ideal, varying ecosystem maturity in different jurisdictions, evolving use cases, capacity of regulators and other factors make it difficult to achieve. As such, regulators and industry players should explore alternative regulatory pathways to collaborate and regulate the crypto-asset ecosystem through a principle-based, agile approach, taking into consideration the local context. In its section on recommendations, the report argued that the framework for crypto-asset regulations could leverage learnings from existing frameworks in financial services. In this context, it cited the inter-operable regulatory .

Atomic Wallet faces security breach, loses over $35 mn in crypto

Atomic Wallet, a mobile and desktop crypto wallet allowing users to store various cryptocurrencies, has experienced a security breach and lost over $35 million in crypto assets since June 2

OpenAI CTO's Twitter account hacked to promote cryptocurrency scam

The Twitter account of OpenAI's Chief Technology Officer appears to have been hacked on Thursday evening in order to promote a fraudulent cryptocurrency scheme

Crypto exchange Binance launches new compliant platform for users in Japan

Leading blockchain and cryptocurrency platform Binance has announced the launch of a new platform for customers in Japan to comply with local regulations.

Crypto wrap: US debt ceiling negotiations keeping market on the toes

The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday

Chinese firms fuel Fentanyl drug abuse epidemic, earn millions in crypto

As countries like India struggle with the growing menace of drugs, crypto has emerged as a culprit as two separate reports by Blockchain research firms have revealed that Chinese chemicals companies

Hackers stole about $400 mn from crypto projects in Q1 2023: Report

The report also looked into the possible causes of the decrease in crypto attacks

Int'l securities watchdog proposes global rules for crypto sector

The moves come after crypto exchange FTX began US bankruptcy proceedings last November following a liquidity crisis that prompted intervention from regulators worldwide