Key Takeaways The Financial Conduct Authority (FCA), the regulatory authority overseeing financial markets in the United Kingdom, has expanded its list of non-authorized firms that customers are advised to avoid. On October 8th, the FCA added 143 new entities to…
Key Takeaways Cryptocurrency exchange HTX, formerly known as Huobi, has successfully recovered the crypto assets that were stolen by a hacker in late September. In a notable turn of events, HTX has also fulfilled its promise to pay a 5%…
Key Takeaways The European Securities and Markets Authority (ESMA) has taken another significant step in the regulation of crypto assets by launching its second consultation paper on the Markets in Crypto Assets Regulation (MiCA). MiCA, which was approved in April,…
Key Takeaways In a legal saga surrounding the assets of Sam Bankman-Fried, the former CEO of bankrupt FTX, two luxury jets have become the subject of forfeiture proceedings by U.S. prosecutors. These aircraft, a Bombardier Global and an Embraer Legacy,…
Key Takeaways In a strategic move to broaden its European footprint, United States-based cryptocurrency exchange Kraken has announced plans to acquire Coin Meester B.V. (BCM), a Netherlands-based cryptocurrency exchange. The announcement follows the European Union’s recent implementation of its Markets…
Key Takeaways In a joint announcement on October 4, the Bank of Korea, along with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), disclosed their plans to start a pilot project focused on examining the technical underpinnings…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) is escalating its legal battle with Coinbase Global, as it seeks to deny the exchange’s motion to dismiss the SEC’s lawsuit against the company. The SEC’s move follows a recent court…
Key Takeaways Celsius Network, a beleaguered crypto lending platform, is making strides in its effort to repay customers and restructure its operations following its Chapter 11 bankruptcy filing in July 2022. During a pivotal bankruptcy hearing on October 2nd, the…
Key Takeaways In a significant ruling, Judge Lewis Kaplan, overseeing the case of Sam Bankman-Fried, has barred the founder of FTX from blaming the exchange’s lawyers for its collapse or operations during his opening statements. Nonetheless, Bankman-Fried’s legal team still…
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