The company allegedly provided false information about the scope of its operations In a lawsuit filed by the US Securities and Exchange Commission (SEC), Geosyn Mining and its co-founders have
Category: Crypto
EU ready to push forward with new crypto regulations
The move may help bring more legitimacy to crypto as an alternative currency In an effort to combat money laundering, the European Parliament has established new rules requiring cryptocurrency businesses to
Binance founder Changpeng Zhao could face three years in prison
The sentence will follow an admission of money laundering in the US US Prosecutors in the federal money laundering case against Binance founder Changpeng “CZ” Zhao are recommending jail time for the
Binance facing class-action lawsuit in Canada, trouble in the Philippines
The cryptocurrency exchange’s troubles are following it around the world Cryptocurrency exchange Binance is facing more difficulties outside the US, as authorities in Canada and the Philippines recently took action
Latest Bitcoin halving now in the books
The halving went off without a glitch on April 20 Bitcoin underwent its fourth halving event after the 840,000th block was mined on April 20, reducing mining rewards by 50%. Now, Bitcoin
Man who exploited $110 million from Mango Markets found guilty
Avraham Eisenberg was accused of wire fraud, commodities fraud, and commodities manipulation Avraham “Avi” Eisenberg has been found guilty of fraud and market manipulation charges. Eisenberg was responsible for exploiting the Mango Markets decentralized
Tether looking to expand beyond cryptocurrency
The company is working on new projects that will help it diversify its offerings Tether, which runs the world’s biggest stablecoin by market value, recently announced restructuring to add new divisions outside developing stablecoin.
Senate Banking Committee looks for stablecoin support through marijuana
Senator attaches stablecoin legislation to a marijuana bill in hopes of pushing it through Sherrod Brown, the US Senate Banking Committee Chair, disclosed plans to combine a significant stablecoin bill
US Senators want clarification on CFTC’s relationship with FTX
The CFTC reportedly had steady communication with the crypto exchange before it failed Senators Elizabeth Warren and Charles Grassley have scripted a letter to Rostin Behnam, chair of the Commodity
New Ethereum hard fork could reduce lost wallet key anxiety
The change would make recovering wallets significantly easier The fear of losing cryptocurrency wallet seed phrases keeps some users up at night. However, the upcoming Ethereum Improvement Proposal (EIP) 3074
DeFi protocol Uniswap lands on the SEC’s radar
The SEC has sent a “Wells notice” as it continues its attack on the cryptocurrency space Decentralized exchange (DEX) Uniswap has recently been issued a Wells notice from the US
Solana hopes new incentives will speed up cryptocurrency transaction validation
The blockchain is dealing with validators who seem reluctant to keep the transactions moving Solana validators recently voted in a bid to reduce the latency of consensus “votes,” which could
