$9.7 Billion Crypto Laundering Operation in Brazil
Brazilian authorities announced that they had uncovered a massive $9.7 billion cryptocurrency laundering scheme and arrested several suspects in various cities.
Sep 20, 2024Policy & Regulation
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Will Kalshi's Political Betting Markets Be Suspended?
The agency appealed the lower court's decision that allowed the firm to offer markets predicting which party would take control of both houses of Congress.
Sep 20, 2024The Power of Blockchain: Analysis by Colin Butler
As Global Head of Institutional Equity at Polygon Labs, Colin Butler highlights the impact of blockchain technology on the future of financial institutions.
Sep 19, 2024Binance is Working to Rescue Imprisoned CEO Gambaryan
Binance CEO Richard Teng stated that they tried every legal and political means to bring Tigran Gambaryan from Nigeria to the USA due to his worsening health condition.
Sep 19, 2024OKX, Crypto Exchange in Singapore, Completed the License Process
Crypto custody services began to gain great importance in the financial world after the collapse of FTX. This incident highlighted the importance of vulnerabilities and regulatory requirements in the industry.
Sep 19, 2024Canada's Digital Dollar Idea: Research Halted
The Bank of Canada's pushback on the idea of a digital Canadian dollar contrasts with global trends towards central bank digital currencies (CBDC).
Sep 19, 2024Warning from CFTC to Overseas Crypto Betting Platforms
Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), emphasized that offshore entities should register their derivatives contracts in the US, stating that those with a large enough "footprint" in the US could face enforcement actions if they operate unregistered.
Sep 18, 2024DAIS: A New Hope for Decentralized AI
The risk of monopolization of the artificial intelligence (AI) industry has mobilized various players in the industry.
Sep 18, 2024SEC Files Lawsuit Against Pork Slaughter Scam
The U.S. Securities and Exchange Commission (SEC) has filed criminal charges against three individuals and five companies for "hog slaughter" fraud.
Sep 18, 2024Cambodian Senator Accused of Crypto Fraud and Human Trafficking
The US Treasury Department's Office of Foreign Assets Control (OFAC) has placed Cambodian businessman Ly Yong Phat on its sanctions list for his role in operating cyber fraud centers that conduct crypto scams by using forced labor for human trafficking victims.
Sep 13, 20241.5 Million Dollar Fine from SEC to eToro!
The U.S. Securities and Exchange Commission's (SEC) regulatory crackdown on the crypto industry continues to impact platforms like eToro. Finally, according to the agreement with the SEC, eToro will only allow US customers to trade a limited number of crypto assets on the platform.
Sep 12, 2024GOP Lawmakers Question SEC's Impartiality
Three Republican lawmakers requested information from Securities and Exchange Commission (SEC) Chairman Gary Gensler about the agency's hiring processes and claimed to have found evidence of hiring based on political ideology.
Sep 12, 2024European Union Stablecoin Rules Coming by the End of 2024
The European Banking Authority (EBA) estimates that 15 technical standards on how stablecoin issuers can operate in the European Union will come into force officially by the end of 2024.
Sep 11, 2024Licensing and Control Reform in Crypto Market from UAE
United Arab Emirates (UAE) regulators have signed a major cooperation agreement to strengthen oversight of crypto service providers and increase regulatory compliance across the country.
Sep 11, 2024Sentencing Recommendation Announced for FTX's Former CEO Ellison
Former Alameda Research CEO Caroline Ellison testified against her former boss Sam Bankman-Fried last year.
Sep 11, 2024Cryptocurrencies Are Banned in Singapore Casinos!
Regulators in Singapore have made it clear that they have no plans to address the use of cryptocurrencies for gambling purposes. With the risks of money laundering coming to the fore, it was emphasized that cryptocurrencies will definitely not be allowed to be used in such activities.
Sep 11, 2024Fed's 50 Basis Point Cut Could Shake Crypto Markets
The Fed is expected to begin its expected interest rate reduction cycle starting next week.
Sep 9, 2024Important Step from Tokocrypto: License Obtained in Indonesia
Tokocrypto has achieved great success as one of Indonesia's leading cryptocurrency exchanges.
Sep 9, 2024