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The SEC has charged 17 individuals for their involvement in a $300 million Ponzi scheme targeting predominantly Latino investors through the so-called CryptoFX LLC.

SEC charges 17 individuals in $300m crypto Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has brought charges against 17 individuals implicated in a $300 million Ponzi scheme, targeting predominantly Latino investors in the U.S. ...

6 months ago

HKMA Launches Second Phase of e-HKD Pilot and Invites Industry Participation

Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participan...

6 months ago

Worldcoin Orb’s Privacy Scrutiny

Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit

Worldcoin has released the results of a third-party audit conducted by Trail of Bits focused on its iris-scanning Orb technology. According to a recent report, Tools for Humanity ...

6 months ago

Coinbase Wallet integrated Blockaid’s transaction simulation and validation five months ago to better protect users from bad actors.

Coinbase Wallet quietly integrates Blockaid security tool

Coinbase Wallet, a self-custody wallet operated by the owner of the cryptocurrency exchange Coinbase, integrated the Blockaid security tool in late 2023. Announcing the news in a joint...

6 months ago

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EU publishes final draft rules on complaints handling for stablecoin issuers

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA). “In order to avoid diverging complain...

6 months ago

Federal Judge Edgardo Ramos found the SEC’s suit “plausibly alleges” that Gemini Earn was a securities offering, allowing the case to continue in court.

SEC suit against Gemini, Genesis lives on as court finds claims plausible

The United States Securities and Exchange Commission’s allegation that crypto firms Gemini and Genesis sold unregistered securities through the Gemini Earn program is plausible enough to c...

6 months ago

WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock.

Lawyers who voided Elon Musk's pay as excessive want $6 billion fee

"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware. The fee works o...

6 months ago

The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.

IMF guides Andorra to record and monitor Bitcoin transactions

The International Monetary Fund (IMF) provided technical advice to Andorra, a landlocked country bordering France and Spain, on recording Bitcoin transactions in response to thei...

6 months ago

Mastercard’s blockchain forensic firm CipherTrace has reportedly halted some of its key services amid concerns over data reliability.

Mastercard’s CipherTrace reportedly discontinues some of its services amid data verifiability concerns

CipherTrace, a blockchain analytics firm acquired by Mastercard in 2021, appears to be discontinuing some of its key services, Fortune has learned, citing sources familiar with th...

6 months ago

Meme coins have gained bullish momentum again as investors shift focus to altcoins. One of the latest additions to the category, dogwifhat (WIF), leads the top gainers’ list with double-digit gains.

WIF reaches new ATH as memecoins gain bullish momentum

WIF is up by 43% in the past 24 hours and is trading at $3.23 — marking a new all-time high — at the time of writing. The meme coin’s market capitalization is currently hoverin...

6 months ago