Crypto
English High Court Rules Tether's USDT Stablecoin Counts as Property
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
Kraken Seeks Jury Trial in SEC Lawsuit, Presents Defense Arguments
Binance and Coinbase also face similar allegations by the SEC of violating federal securities laws for failing to register as a broker, clearinghouse or exchange.
EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies
The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether, though the company said the practical effects on customers is minimal.
U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank's consumer survey showed.
EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End
The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.
India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis
The U.S. maintained its fourth position from 2023, while Vietnam fell from third to fifth.
Singapore Investigating Seven People for Providing Worldcoin Services
On Aug. 7, Singapore's police warned the public against giving away or selling their Worldcoin accounts or tokens.
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed British pounds 2.6 million ($3.4 million) in crypto transactions across various locations.
Crypto Retail Market Is Poised for a Rebound: Gemini
Adoption of digital assets has remained steady in the U.S. and the U.K. in recent years, despite significant headwinds, a survey by the crypto platform showed.
Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said.
