A day after Binance Australia Derivatives sent notifications of account closures to users it wrongly classified, regulators in Australia said they’re looking into the company.
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Aussies revealed as prime targets of Israel crypto scam syndicate
Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
Man faces arrest over alleged crypto mine hidden under a school
The Massachusetts-based man is alleged to have stolen nearly $18,000 worth of electricity to run 11 miners in a school’s crawl space.
Montana’s ‘right to mine’ crypto bill moves closer to passing as law
The bill seeks to enshrine crypto miners' rights and will still have to pass muster in the states House before its signed into law by the governor.
SEC is not the appropriate regulator for stablecoins: Circle CEO
Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.
Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing of all cryptocurrency exchanges operating in Hong […]
US Federal Reserve denies Custodia Bank's request for Fed supervision
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.
IMF exec board endorses crypto policy framework, including no crypto as legal tender
The principles are broad and general, with the exception of the stand against crypto as legal tender, which the IMF has repeatedly expressed to El Salvador.
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
The original indictment against the former FTX CEO included eight criminal charges without breaking down separate counts involving his alleged actions at both FTX and Alameda.
3AC liquidators to sell firm's NFTs to realize value amid bankruptcy
The announcement said that the sales will be commencing 28 days after Feb. 22, when the notice went out.
SEC files objection to Binance US bid for Voyager assets
The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital.
Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit
The defendants pointed out that the renewed allegations push the same theory that the court already rejected before.
'It would be absurd' for a US court to rule private NFTs as securities: Lawyer
The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.
Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case
The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.
CoinEx crypto exchange sued by New York for failing to register with state
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York.
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
Gary Gensler’s SEC is playing a game, but not the one you think
Gensler has made a show of cracking down on crypto companies that haven’t engaged in actual misconduct. When real fraud is taking place, he’s nowhere to be seen.
Rep. Maxine Waters says all US regulators 'better get together on crypto'
According to Representative Maxine Waters, the crypto market crash and bankruptcies gave U.S. lawmakers an opportunity of “getting accountability” in the space through legislation.
New Canadian rules for crypto trading platforms leave little room for stablecoins
The Canadian Securities Administrators has tightened registration requirements for crypto exchanges for the second time, after the disorder seen in 2022.
Dapper Lab's NBA Top Shot Moments qualify as a security, says U.S. judge
Federal judge Victor Marreo reviewed the Howey Test, which determines whether the NFTs qualified as an investment contract subject to U.S. securities laws. Upon denying the motion, the court authorized the case to proceed.