The Securities and Exchange Commission (SEC) has recently submitted its remedies reply brief in the ongoing legal dispute with Ripple Labs, marking a crucial phase in the litigation. This filing, accompanied by supporting exhibits, stands as the final brief before … Continue reading Decisive Moment Approaches as SEC Files Final Brief in Ripple Legal Battle

Nigeria’s once-tepid stance on cryptocurrency has taken a sharp turn towards prohibition. The Nigerian government, citing concerns over Naira manipulation, is proposing a ban on P2P (Peer-to-Peer) trading platforms that utilize the local currency. This move, coupled with ongoing legal … Continue reading Nigeria’s Crypto Conundrum: P2P Battleground and Regulatory Peril

FTX, a cryptocurrency exchange that recently filed for bankruptcy, has announced an ambitious repayment plan aimed at reimbursing its creditors and customers in full. The plan entails allocating billions of dollars to compensate for the time value of their investments, … Continue reading FTX Unveils Landmark 16 Billion Repayment Strategy for Creditors and Customers

As the crypto industry garners increasing attention from regulatory bodies, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) find themselves at the center of a potential regulatory storm. At the Milken Institute’s 27th annual … Continue reading CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years

In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his concerns regarding the crypto industry, emphasizing its alleged association with scams, fraud, and compliance issues within the broader market. Gensler began by acknowledging that … Continue reading SEC Chair Gensler Highlights Concerns Over Crypto Compliance with Securities Laws

In the current global crypto landscape, the Biden administration’s amplified regulatory actions have triggered a stern response from Senator Cynthia Lummis, a staunch proponent of Bitcoin and the broader crypto market. Her vocal opposition to the Department of Justice’s (DOJ) … Continue reading Senator Cynthia Lummis Takes a Stand Against US Government’s Stance on Crypto Industry

With over $10 trillion under its management, asset management firm BlackRock has made a significant investment in Securitize, a prominent player in the tokenization space. The $47 million investment, led by BlackRock, signals a notable advancement for Securitize and the … Continue reading BlackRock’s $47 Million Investment Investment Boosts Tokenization

In a significant legal development for the crypto industry, Changpeng Zhao, widely known as CZ, the former CEO of Binance, has been sentenced to four months in prison after pleading guilty to charges related to enabling money laundering on his … Continue reading Legal Developments in the Crypto Industry: Implications of the Sentencing of Changpeng Zhao (CZ)

The launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong ushered in a subdued start, with trading volumes falling short of initial expectations. Despite significant initial issuance sizes, the market response appeared restrained based on the trading … Continue reading Hong Kong’s Spot Bitcoin and Ethereum ETFs Encounter Subdued Debut

Roger Ver, an early Bitcoin investor, has found himself at the center of a legal storm. The US Department of Justice (DOJ) has recently indicted Ver on multiple charges, including mail fraud, tax evasion, and filing false tax returns. According … Continue reading Unmasking the Alleged Tax Evasion of Cryptocurrency Pioneer ‘Bitcoin Jesus’ Roger Ver