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U.S. Congress members have challenged Treasury Secretary Janet Yellen‘s call for stronger crypto regulation, pointing out the Howey Test’s shortcomings in consumer protection in a recent letter.

US Congress challenges Yellen on crypto regulation, seeks clarity on Howey Test’s role

A new letter published by US members of Congress asks for clarity on the role of the country’s top regulatory in adopting crypto specific legislation. The letter was ba...

7 months ago

MetaMask Integrates with Robinhood for Direct Crypto Access

MetaMask Partners with Robinhood to Simplify Crypto Transactions

MetaMask has collaborated with Robinhood to enable direct crypto purchases for users, according to a press release shared with Cryptonews on Feb.7. MetaMask’s...

7 months ago

A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.

SEC Delays Another Ether ETF Application

The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on a spot ether (ETH) exchange-traded fund (ETF) jointly proposed by Invesco and Galaxy Digital, a ...

7 months ago

Many crypto wallets pocketed over $1.3 million over the weekend after picking up an ample supply of the Ethereum version of meme coin dogwifhat (WIF).

Apparent 'Insiders’ Make Millions After Grabbing Ethereum Version of Dogwifhat

As such, the Ethereum version of dogwifhat isn’t connected to Solana-based WIF, which launched in late November and reached a market capitalization of over $350 million. Over 12 ...

7 months ago

South Korean prosecutors announced the arrests of Haru Invest CEO and two other execs two days after Haru posted another “no information” update.

Haru Invest execs arrested in South Korea on embezzlement charges

South Korean prosecutors have arrested several executives of the troubled cryptocurrency yield platform Haru Invest, which suspended withdrawals in June 2023. The virtual asset crime i...

7 months ago

Hacking Threats Remain a Top Security Concern in Crypto

Kraken’s Security Team Keeps a Low Profile on Social Media By Design

Crypto exchange Kraken is prioritizing security and ensuring its security team maintains a low public profile. Chief security officer Nick Percoco recently told Financia...

7 months ago

According to the U.S. SEC, Brian Sewell allegedly never launched the crypto hedge fund that promised to use AI and other strategies for maximizing returns.

Crypto teacher loses student’s $1.2M investment in fake hedge fund

A crypto trading course instructor is facing charges from the United States securities regulator for misleading 15 students into investing a combined $1.2 million in a hedge fund that promised t...

7 months ago

A malicious actor claims they have a “KodexGlobal” account, allowing them to issue emergency data requests (EDRs) to several major crypto and social media platforms.

Hacker claims to have way to ‘subpoena’ Discord, Binance, Coinbase user info

An online hacker claims they have access to a law enforcement request account, “KodexGlobal,” allowing buyers to subpoena user information from Coinbase, Binance, Chainlink and other...

7 months ago

Cryptocurrency exchange Binance has denied claims of a leak in its security system.

Binance comments on leak in its security system

After an X post claiming Binance user data was available on GitHub, Binance support noted in a post dated Feb. 5 that there are no leaks in the platform’s system and user accounts remain s...

7 months ago

The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018.

Canadian crypto platform Einstein Exchange was Ponzi scheme, says local regulator

The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto companies Einstein Exchange Inc., Einstein Capital Ltd., a...

7 months ago