The decentralized exchange was found to be offering illegal securities Mango Markets, a Solana-based decentralized exchange, has announced it will shut down operations following a prolonged legal battle with the US Securities and Exchange Commission (SEC). Users have been advised to close their positions, with governance-approved changes to the platform set to take effect soon,
The CFTC has issued a subpoena to the cryptocurrency company to obtain sensitive information Coinbase may be compelled to provide user data in connection with a Commodity Futures Trading Commission (CFTC) investigation into Polymarket, a blockchain-based prediction platform. The CFTC has reportedly issued a subpoena to Coinbase requesting general customer information linked to Polymarket. This
The Bitcoin Freedom Act has a long way to go if it’s to be approved Oklahoma Senator Dusty Deevers has introduced a new bill aimed at allowing employees and residents in the state to receive wages in Bitcoin. Known as the Bitcoin Freedom Act, the legislation provides a framework for businesses and individuals to use
The case marks the first time a crypto investor has to turn over his wallet keys A Texas Bitcoin investor has been ordered by a federal court to turn over his cryptocurrency wallets and access codes after being convicted of tax fraud. The authorities in charge of these cases have had zero compassion and work
The exchange has received approval to bring FTX back to life in Europe Backpack, a centralized cryptocurrency exchange founded by former employees of Alameda Research and FTX, has acquired FTX EU, the European division of the now-defunct FTX exchange. This acquisition has received approval from both the FTX bankruptcy court and the Cyprus Securities and
The new solution is in response to concerns quantum computing will break any password Solana has unveiled a new feature called the “Winternitz Vault,” designed to safeguard cryptocurrency against potential threats posed by quantum computing. This innovative solution provides users with a robust security option to protect their funds, though it is not an automatic
The move would position the company alongside Robinhood, Fidelity and others Morgan Stanley may soon expand its offerings to include cryptocurrency trading on its E-Trade platform. Reports suggest the decision is influenced by expectations of a more favorable regulatory landscape for digital assets under the incoming administration of President-elect Donald Trump. The new administration has
A court has denied two legal actions brought forward by the crypto lending platform against FTX Celsius, the collapsed cryptocurrency lending platform, has filed a notice of appeal against a court decision that disallowed its claims for damages from FTX. The appeal challenges a ruling by Judge John T. Dorsey, which rejected Celsius’ efforts to
The organization is unhappy with the tax agency’s stance on cryptocurrencies The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS), challenging new regulations requiring detailed reporting of digital asset transactions. The lawsuit, announced by Blockchain Association CEO Kristin Smith on December 28, was filed jointly with the Texas Blockchain Council. The
The tax authority refuses to treat crypto staking rewards like it does similar property The IRS is maintaining its stance on the taxation of cryptocurrency staking rewards, sparking continued legal challenges and debates. The agency insists that staking rewards should be treated as taxable income upon receipt, countering arguments from taxpayers advocating for these rewards
The new advertising policies are designed to comply with the country’s FCA rules Google is introducing stricter policies for cryptocurrency advertisements in the UK, set to take effect on January 15, 2025. Many companies in the industry that use advertising services through this giant will have to rush to make the necessary changes and be
The payouts mark the beginning of the end of years of waiting The long-awaited compensation for victims of the 2019 Cryptopia hack has finally begun. Grant Thornton, the liquidator handling the now-bankrupt cryptocurrency exchange, has started distributing funds to verified account holders affected by the security breach. The hack, which targeted Cryptopia nearly six years
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