Key takeaways: In a surprising turn of events, Binance, one of the world’s leading cryptocurrency exchanges, has recently decided to retract its crypto license application in Germany. This decision has caught the attention of the global crypto community and raised…
Key takeaways: Thailand’s Securities and Exchange Commission (SEC) has initiated legal proceedings against Ekkalarp Yimwilai, former director and CEO of cryptocurrency exchange Zipmex Thailand. The SEC alleges that Yimwilai made false statements and concealed crucial information from the public during…
Key Takeaways: Bakkt, a cryptocurrency enterprise launched in 2019 with backing from the Intercontinental Exchange (ICE), has recently raised concerns about its financial outlook.  In an updated filing to its quarterly report with the Securities and Exchange Commission (SEC), the…
Key Takeaways: South Korea’s Financial Services Commission (FSC) has announced stringent measures to combat crypto-related crimes, including market manipulation and illegal trading. According to local media reports, the new regulations, set to take effect on July 19, will impose criminal…
Key Takeaways: The Federal Reserve has officially concluded its enforcement action against Farmington State Bank, which was previously intertwined with the now-defunct FTX. Initially impacted by FTX’s collapse, Farmington aimed to return to its roots as a community bank. The…
Key takeaways: In a significant development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), a U.S. district judge has ruled in favor of the SEC’s motion, ordering Ripple to furnish additional information…
Key Takeaways: OKX, a prominent cryptocurrency exchange, has found itself embroiled in controversy amid allegations that it may be allowing the use of counterfeit identification documents for its Know-Your-Customer (KYC) verification process. Reports indicate that a service known as OnlyFake…
Key takeaways: In a concerning development for digital security, reports have emerged of a hacker claiming access to a law enforcement request account dubbed “KodexGlobal.” This access purportedly enables the hacker to subpoena user information from prominent platforms such as…
Key takeaways: The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. have taken a new turn, as the regulatory agency has hinted at the possibility of appealing the recent ruling concerning the status of…
Key Takeaways: The United States Department of Justice (DOJ) has initiated legal proceedings against Robert Powell, Carter Rohn, and Emily Hernandez for their involvement in a SIM-swapping scam that unfolded in November 2022. The charges encompass fraud and identity theft,…
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