Uniswap Labs to pay $175,000 to CFTC for allowing the leverage trade of BTC and ETH The order has had little to no impact on the price of UNI, at press time The Commodity Futures Trading Commission has issued an order against one of the leading DeFi protocols in the crypto-space – Uniswap Labs. TheContinue reading “Uniswap Labs to pay a fine to CFTC for illegally offering crypto derivatives trading”

US SEC disclosed charges against crypto-advisory for failure to comply with custody rules The firm will be paying $225,000 as civil penalty for storing money on now defunct crypto-exchange – FTX The US Securities and Exchanges Commission (SEC) has launched an attack at yet another crypto related firm. And, won its case before even reachingContinue reading “US SEC charges crypto-advisory that shuttered due to FTX bankruptcy”

Official charges have been brought against the Telegram founder and CEO – Durov The French judge allow Durov to avoid detention before trial but he is not allowed to leave the country The crypto community has been in an uproar since the start of this week over the unprecedented arrest of social messaging app, Telegram’sContinue reading “Telegram CEO Pavel Durov formally indicted but can avoid detention before trial”

OpenSea has received a Wells Notice from the SEC as the commission believes NFTs to be securities The platform’s head has claimed that it would oppose this claim and has pledged millions to cover artists legal costs OpeanSea, a leading NFT marketplace, seems to have drawn the attention of the US Securities and Exchanges CommissionContinue reading “SEC considering enforcement action against NFT platform Opensea”

Telegram founder arrested by French authorities at airport on his way back from Azerbaijan The founder is wanted for not cooperating with law enforcement and alleged complicity with illicit activities taking place on the messaging application Telegram Founder and CEO – Pavel Durov was arrested by authorities at an airport in France. A translated reportContinue reading “Billionaire Telegram CEO Pavel Durov arrested at French airport”

Ripple will be paying a fine of $125 million, contrary to SEC’s wishes of $2 billion The company is prohibited from violating any securities law The Ripple vs US Securities and Exchanges Commission (SEC) battle has finally come to an end with XRP taking the trophy home. Today, District Judge Analisa Torres has concluded thatContinue reading “XRP skyrockets by over 20% in a hour as judge finalises on Ripple’s fine”

The long wait for Mt Gox creditors seems to finally come to an end as Kraken begins repayment The exchange is set to pay creditors $3 billion worth of Bitcoin Right when Bitcoin (BTC) and the rest of the crypto market showed signs of recovering, another impediment has now stood in its way to theContinue reading “Kraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditors”

SEC sues Consensys for the services provided on Metamask, a popular Ethereum wallet The commission also claimed that the blockchain developer acted as an unregistered broker dealer for selling “thousands of unregistered securities” for Lido and Rocket Pool Lido DAO, the liquid staking platform solution for Ethereum, became one of the highlights of the dayContinue reading “Lido DAO (LDO) dips after SEC goes after Consensys for Metamask services”

Former Binance CEO CZ will serve four months in prison for violating US Bank Secrecy Act The prison sentencing was drastically reduced after a plea deal with the US DoJ The verdict for former Binance CEO – Changpeng Zhao has been delivered today by Judge Richard Jones in Seattle court. The billionaire crypto founder, popularlyContinue reading “BREAKING: Binance founder ‘CZ’ sentenced to four months in prison”

Early Bitcoin investor has been arrested in Spain over this weekend for alleged tax evasion charges in the United States This is the second time Ver is arrested by the US authorities Just as the crypto space mules over the fate of former Binance CEO – Changpeng Zhao, the United States Department of Justice hasContinue reading “‘Bitcoin Jesus’ charged with tax fraud and arrested in Spain”

Consensys has sued the SEC for wanting to take action against the firm for its MetaMask products The blockchain firm has also asked the court to declare Ethereum as not a security In a fresh move, Consenys, a blockchain software technology company, has taken the first step in bringing clarity on Ethereum’s status as ‘notContinue reading “Consensys takes ‘Ethereum (ETH) is not a security’ matter to court”

Uniswap’s founder announced that the labs received a Wells Notice from the US SEC This could indicate that the commission could soon launch an action against the most popular DeFi protocol The United States Securities and Exchanges Commission (SEC) has reportedly started to set the base against one of the leading DeFi platforms – Uniswap.Continue reading “Just In: US SEC is gearing up to take action against DeFi platform Uniswap”