Author: enthusiasticwolverine12461a05

The Financial Markets Authority (FMA) of New Zealand has been actively combating fraudulent activity and scams in the country’s financial markets. In a series of recent actions, the regulator has taken steps to protect consumers and maintain market integrity by cancelling one crowdfunding services license and issuing a warning against a cryptocurrency company. FMA Cracks… Continue reading FMA Cracks Down on These Two Companies amid Fraud Concerns in New Zealand

The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange. The Suspension of FTX’s EU License Announced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of… Continue reading Another Extension: CySEC Suspends FTX EU’s License until September

Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline. SBF Appealed Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison… Continue reading Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

With Bitcoin being the best-performing asset of the year more often than not during the last 15 years, many investors want to gain exposure but doing so can be tricky. For retail and institutional investors alike, questions of regulatory and tax compliance can be puzzling. Then, there’s the challenge of learning to navigate a new… Continue reading Buying Coins is so 2023: Brokerage Accounts as a Gateway to Bitcoin Investment

Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry. Proposed… Continue reading VARA’s CEO Proposes Cost-Sharing Model to Support Small Crypto Businesses

Steven Nerayoff, a prominent early advisor to the Ethereum network, has filed a $9.6 billion lawsuit against the United States government. The lawsuit, filed under the Federal Tort Claims Act (FTCA), alleges that federal agents knowingly pursued false charges against Nerayoff and engaged in harassment and intimidation tactics, including evidence fabrication. Former Ethereum Advisor Sues… Continue reading Ethereum Advisor Hits US Government with Colossal $9.6 Billion Lawsuit

The HashKey Group, an Asian entity specializing in digital asset services, has unveiled the HashKey Global exchange after securing a license in Bermuda to provide regulated digital asset trading services. The announcement was made today (Monday), marking a milestone for the firm headquartered in Hong Kong, with operational presence in Singapore and Tokyo. Diversifying Services… Continue reading Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing

In the latest development in the $4 billion OneCoin cryptocurrency Ponzi scheme, the company’s Head of Legal and Compliance, Irina Dilkinska, has been sentenced to four years of imprisonment in the United States. She was ordered to pay over $111 million in restitution. Another OneCoin Associate Goes to Jail The sentencing, which took place yesterday… Continue reading OneCoin’s Legal and Compliance Head Gets 4 Years in Prison

Deribit FZE, the Dubai-based arm of Deribit Group, a firm in the cryptocurrency derivative options market, has announced the acquisition of a conditional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This license, covering both spot and derivatives trading, remains non-operational until Deribit fulfills all remaining conditions and localized requirements… Continue reading Deribit Secures Conditional Dubai VASP License, Names Luuk Strijers as CEO

Bitkub Capital Group Holdings, the parent company of Thailand’s largest cryptocurrency exchange Bitkub, has announced plans to go public in 2025. The company has hired financial advisors for this impending transition. According to a recent interview quoted by Bloomberg, Bitkub’s CEO, Jirayut Srupsrisopa, unveiled the ambitious strategy. Srupsrisopa noted that the company will be listed… Continue reading Thailand’s Top Crypto Exchange to Go Public in Expansion Plans