CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […]
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […]
Binance to convert all New Bitshares (NBS) token balances to USDT before year ends
Binance periodically reviews its listed tokens to ensure they continue to meet the high level of standard we expect. The New Bitshares (NBS) token was delisted by Binance in October last year. At press time, the NBS token was trading at $0.0002246, down 6.05% in the last 24 hours. Binance, the biggest cryptocurrency exchange in […]
Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO
Dean Skurka stated that although regulations have increased costs, they have also led to greater interest in crypto from institutions.This post was originally published on this site
Binance delisting news plunges SRM, SNM and YFII tokens
The Binance news saw all three altcoins nosedive double-digits. Serum (SRM) was down 29%, Sonm (SNM) shed 58% and DFI.money (YFII) declined by 16% in 24 hours. Trading on all pairs for the tokens will end on August 22, 2023. Serum (SRM), Sonm (SNM) and DFI.money (YFII) are among the biggest losers in the crypto […]
New Zealand crypto exchange Dasset faces liquidation, customer funds trapped
Key takeaways Crypto exchange Dasset has denied customer access to funds. The New Zealand-based crypto exchange has gone into liquidation. Dasset denies customers access to funds Auckland-based crypto exchange Dasset has denied customers access to their funds as it faces liquidation. This is according to a report by The Herald earlier today. According to the report, […]
Binance.US seeks protective order against SEC’s ‘fishing expedition’
The exchange claims the SEC’s deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.US.This post was originally published on this site
Kraken listing sends Reddit community tokens to the moon
The r/FortNiteBR Bricks (BRICK) token hit a high of $0.1792 after a 443% surge today. The r/CryptoCurrency Moons (MOON) token hit a high of $0.498 after a 48% surge today. The two Reddit community tokens are rising after Kraken announced it will list the two coins. Kraken on August 7, announced the listing of the […]
Hong Kong regulator warns crypto exchanges, Shiba Memu marches on
Hong Kong regulator the Securities and Futures Commission (SFC) published the warning on August 7. Crypto exchanges yet to apply for licences but have gone ahead to publicise the same. Shiba Memu presale gathers speed with over $1.6 collected from early investors. Crypto exchanges looking to acquire virtual assets trading licences in Hong Kong have […]