Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

Plaintiffs in a new class-action suit against the hacked crypto wallet Atomic Wallet say the firm didn’t share any information about the hack with clients and didn’t report it to the police.

Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June. Dozens of high-net...

1 year ago

Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny

The Luxembourg-based exchange said that all other services will remain unaffected.

Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny

Bitstamp says it's shutting down its staking service in the U.S. as of September 25 due to the regulatory environment in the country. The Securities and Exchange Commission (SEC) h...

1 year ago

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

Bankrupt FTX wants to start staking, and to hedge BTC and ETH sales as it liquidates a $3 billion crypto holding.

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales. Bankrupt crypto exchange FTX wants to start selling, staking and hedging its sizable crypto...

1 year ago

SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton

B2C2 will now have access to Woorton's EU license that will permit it to serve institutional clients in the EU.

SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton

London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that grants B2C2 access to Woorton's regulatory licenses, allowing it to operate in the EU, acco...

1 year ago

Man jailed for the insider trading of NFTs - in what is believed to be the first case of its kind

The judge said the punishment was "difficult" to decide, and raised doubts about whether the case would have reached court if it wasn't in the "slightly sexy" new arena of crypto.

Man jailed for the insider trading of NFTs - in what is believed to be the first case of its kind

A man has been jailed for the insider trading of non-fungible tokens (NFTs) - in what prosecutors say is the first case of its kind. Nathaniel Chastain was working as a product manager...

1 year ago

South Korean city to seize crypto from thousands of tax evaders: Report

City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.

South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of...

1 year ago

Oman launches $350M crypto mining center

The mining facility comes as part of a plan to accelerate the digitalization of Oman’s economy, which is mainly dependent on oil exports.

Oman launches $350M crypto mining center

The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, t...

1 year ago

Hong Kong bets on crypto as sector’s star dims over crackdowns overseas

The Chinese territory has issued its first licenses for retail crypto trading amid push to cash in on virtual assets.

Hong Kong bets on crypto as sector’s star dims over crackdowns overseas

Hong Kong, China – Cryptocurrencies have had a rough ride in recent years, with prices spiralling through periods of boom and bust and the industry threatened by stun...

1 year ago

Legal Action Contemplated by Binance Following Termination of Partnership with Checkout.com

Binance vs. Checkout.com

Legal Action Contemplated by Binance Following Termination of Partnership with Checkout.com

On August 17, Binance, the world's largest cryptocurrency exchange, received notification from payment processor Checkout.com about the termination of their contract due to regulatory concer...

1 year ago

Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest

Tornado Cash Sanctions

Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest

A federal court has backed the US Treasury Department’s right to impose sanctions on the cryptocurrency mixer Tornado Cash, dismissing a lawsuit filed by six users. Las...

1 year ago

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