Key Takeaways On Friday, the U.S. Federal Deposit Insurance Corporation (FDIC) took action against crypto fintech firm Unbanked, Inc., issuing a cease and desist notice in response to alleged false and misleading claims regarding its insurance status. The FDIC accuses…
Key Takeaways In a move to steer the company back on track, Core Scientific has announced the appointment of Adam Sullivan as its new CEO, replacing co-founder Mike Levitt in the role. The decision comes as the bitcoin mining giant…
Key takeaways: Coinbase, a prominent cryptocurrency exchange based in the United States, is making a stand against the Securities and Exchange Commission (SEC) by filing a motion to dismiss a lawsuit that the regulatory body initiated in June. In a…
Key takeaways: In a strategic response to the intricate and uncertain regulatory landscape surrounding the cryptocurrency industry in the United States, digital neobank Revolut has announced the suspension of its cryptocurrency-related services. This significant decision is set to take effect…
Key Takeaways The Australian Securities and Investment Commission (ASIC) has taken legal action against the social investing platform eToro, specifically targeting its crypto trading wing for alleged dishonest, inefficient, and unfair execution of its contract for difference (CFD) product. CFDs…
Key Takeaways HashKey Exchange, a local digital asset firm, has made history by becoming the first recipient of a license under Hong Kong’s newly established crypto regulatory framework. The license legalizes the retail trading of tokens in the city. The…
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