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SEC Obtains Asset Freeze In Miami-Based Crypto Asset Fraud Scheme

Authorities worldwide have been actively scrutinizing activities related to the crypto industry and these have often been followed by some serious crackdowns. The regulating authorities hunt down illicit crypto activities so that further illegal activities and infringement of laws can be prevented. SEC’s Action Against Cryptocurrency The Securities and Exchange Commission (SEC) in the US … Read more

India’s Plan to Regulate Cryptocurrencies Gets IMF Support

Cryptocurrency investors in India have not been showing a favorable stance from their government. Crypto traders are liable to pay as high as 30% taxes on their crypto investments. IMF, which has been vocally opposed to the promotion of cryptocurrencies, has recently lent its support to India in association with the US government. The international … Read more

IMF Executive Board Declares Bitcoin as Legal Tender

There has been some noise on the matter of adopting cryptocurrencies as legal tender since the elevation of Bitcoin in El Salvador. IMF, which has been known to issue loans to the country, has been critical of the idea and has dismissed the step as a silly experiment. Recently, the board of IMF has ruled … Read more

Coinbase will Defend its Staking Program in US Courts, Says CEO

Coinbase CEO Brian Armstrong was talking to the media about the regulatory implications on the exchange last week. Talking to the media, he claimed that the staking services offered by the exchange are not unregistered securities. It is worth noting that SEC is currently cracking down on crypto firms and projects. The regulatory agency has … Read more

El Salvador Passes New Digital Securities Bill to Launch Bitcoin Bonds

El Salvador has emerged on the world map in the 21st century as the first country to list Bitcoin as a legal tender. Following the example of El Salvador several other countries have also decided to follow suit and some are working to get the job done. In previous years, El Salvador has taken steps … Read more

Brazilian Parliament Passes New Law to Recognize Crypto as a Payment Method

The lower house of Brazil has recently passed a bill to make cryptocurrency payments legal in the country. At present, many governments around the world have become concerned about their role in cryptocurrency-related regulations. The phenomenon has been expedited on account of the collapse of FTX Group, which was a regulated cryptocurrency exchange. The bill … Read more

Russia has Decided to Launch a National Cryptocurrency Exchange

Since the start of a war between Russia and Ukraine, the country has had to deal with major financial sanctions from the western bloc. The country has as a result plunged into inflation, and massive money devaluation, and has also been boycotted by the cryptocurrency exchanges such as Coinbase. The saving grace for Russia has … Read more

Hackers Steal $42 Million Worth of Crypto from Fenbushi Capital

Bo Shen is the founding personality behind Fenbushi Capital. The company has recently reported that its official digital wallet was hacked and subjected to theft. The estimated value of the stolen cryptocurrency is estimated somewhere around $42 million. The portfolio was based on a wide array of crypto assets. As per the official report, the … Read more

Bahamas Regulator Confirms It Ordered FTX Exchange to Transfer Crypto Assets to Government Wallets

It seems that astonishing surprises keep unveiling out of the FTX incident. As per the latest development, the Securities Commission of Bahamas has confessed that it directed SBF to transfer the assets of the company to the state reserve. In the aftermath of this intrusive hack, Bahamas has now become the largest ETH holder in … Read more

Solana Faces Financial Damage due to its Connection with FTX

The cascading impact of FTX is not only limited to its user base. The damage has been spread to its closely tied crypto enterprises, such as the Solana network. SBF, which maintained an altruistic image in the cryptocurrency sector, is now connected to dragging all other cryptocurrency enterprises working alongside it into a black hole. … Read more