SEC Settles with Crypto Exchange Bittrex for $24 Million
The Securities and Exchange Commission brought a case against Bittrex exchange and its former CEO William Shihara in April. The regulator charges the crypto enterprise...
Ex-FTX Executive Rejects Testimony Citing Fifth Amendment Rights
FTX Digital Market's Co-CEO will stay silent during the trial by invoking his constitutional right against self-incrimination. A motion filed by United States federal prosecutors...
Silvergate’s Chief Executive Exits Amid Prevailing Liquidation and Investor Suits
Silvergate is losing Alan Lane, its chief executive officer, and two other top officials as part of a current closure of the previously crypto-friendly bank....
Law Professors Examine SEC’s View of ‘Investment Contract’ in Coinbase Lawsuit
The amicus brief comprised the subject knowledge of legal scholars at some of the top law schools in the United States. Various legal scholars weighed...
Nigeria Adopts Verifiable Blockchain Certificates for National Youth Service Corps (NYSC)
The strategy seeks to include all NYSC certificates on the blockchain and provide people with the best way to confirm and substantiate them easily. According...
DCG Files Dismissal Motion in Lawsuit Gemini Alleges Dishonesty and Misrepresentation
In July, Gemini filed a complaint claiming Barry Silbert and Digital Currency Group (DCG) had made untrue, incomplete, and deceptive omissions and representations associated with...
Russian Banking Giant to Start CBDC Testing This Month
The Bank of Russia (BoR) has announced the start of CBDC trails starting 15th August. The bank has created a network of 13 banks under...
Central Bank of Brazil Unveils Name and Logo of CBDC
Brazil joined a select few countries whose central bank digital currency (CBDC) project entered an advanced phase. The country unveiled the CBDC name as DREX...
Binance has Become a Regulated Trading Platform in El Salvador
Binance exchange has scored yet another regulatory win during a period of massive turmoil. The El Salvador wing of Binance has acquired a trading license...
Huobi Crypto Exchange Battling Insolvency Rumors as Exchange Suffers Huge Outflows
Huobi crypto exchange faces a bleak future as the platform suffers huge outflows. Crypto analyst Adam Cochran decried the dismissive remarks by the community manager,...