cryptocurrency regulation

A court in Montenegro overturned a previous court's ruling to extradite the imprisoned co-founder of the Terra (CRYPTO: LUNA) blockchain network Do Kwon to the United States. What Happened: The initial ruling by the Higher Court in Podgorica on Feb. 20, 2024, had approved the expedited...

The hashtag "#ReduceCryptoTax" is trending on social media, as Indian crypto advocates try to argue for fairer regulation of the digital asset space in India. What Happened: In anticipation of the Interim Budget 2024-25, scheduled for presentation by India's Union Finance Minister...

The hacked tweet from the SEC announcing fake Bitcoin (CRYPTO: BTC) ETF approvals sent the market soaring on Tuesday, only to plummet minutes later when reality set in, resulting in a financial wipeout for thousands of traders. Over $220 million got liquidated in the resulting chaos...

A formal motion has been submitted to the U.S. Bankruptcy Court for the District of Delaware to resolve an issue that has confounded bankrupt crypto exchange FTX (CRYPTO: FTT) and its affiliated debtors. What Happened: The motion aims to establish a standardized method for valuing claims,...

U.S. Securities and Exchange Commission Chair Gary Gensler says widespread noncompliance among cryptocurrency companies is costing investors. What Happened: "There is a lot of noncompliance," Gensler said in a recent interview with CNBC. "This is really the Wild West." Gensler...

Crypto exchange Coinbase Global Inc. (NASDAQ: COIN) is set to challenge the U.S. Securities and Exchange Commission (SEC) in court following the regulatory body's refusal to establish new rules for cryptocurrencies. The Securities and Exchange Commission (SEC), led by Chair Gary Gensler,...

Shedding light on the complexities of cryptocurrency regulation and the consequential legal actions against Binance founder Changpeng Zhao, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam on Thursday said the crypto mogul could eventually serve jail time. In an interview...

Grayscale Investments CEO Michael Sonnenshein shared a positive outlook on the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF. What Happened: In an interview with Yahoo Finance, he said, "We're feeling optimistic," Sonnenshein remarked, highlighting the proactive...

Robinhood Markets Inc. (NASDAQ: HOOD) is expanding its reach in the European Union by introducing its commission-free cryptocurrency trading service. This move comes just a week after the company launched its stock trading services in the UK. Starting Thursday, the app will enable European users to...

Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. (OTC: BRPHF) on Thursday expressed optimism about Bitcoin's (CRYPTO: BTC) potential to return to its previous peak within the next year. This optimism was fueled by the growing expectation that the U.S. Securities and...

Former BitMEX CEO Arthur Hayes lambasted the U.S. government's treatment of Changpeng Zhao, the former CEO of Binance (CRYPTO: BNB), as "absurd." The punitive measures taken against Binance, including a record $4.3 billion fine, highlight an arbitrary and disproportionate...

Over 130 Hong Kong citizens have fallen prey to a sophisticated cryptocurrency fraud, losing a staggering HK$120 million (US$15.4 million). The victims expressed frustration, stating that the Securities and Futures Commission's (SFC) identification of the involved platform, Hounax, as...

JPMorgan (NYSE: JPM) has expressed a positive outlook on the recent settlement between Binance (CRYPTO: BNB) and the U.S. government, highlighting its beneficial impact on both the cryptocurrency sector and the exchange itself, according to a research report released on Thursday. The report...

In the wake of crypto exchange Binance (CRYPTO: BNB) agreeing to a $4 billion settlement with the Justice Department, SEC Commissioner Hester Peirce has made a strong case for the approval of a spot Bitcoin (CRYPTO: BTC) ETF, saying there was "no reason" for the financial watchdog to...

BlackRock (NYSE: BLK), the largest asset manager globally, has made a significant move in the cryptocurrency sector by filing an S-1 form with the Securities and Exchange Commission (SEC) to launch a spot Ether (CRYPTO: ETH) exchange-traded fund (ETF). This announcement led to an immediate market...