US SEC Charges Individuals behind $45M Blockchain Fraud CoinDeal
<p>The US <a href=”https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/” target=”_blank” id=”3718b4df-fc5f-479a-861e-f52759439c15_1″ class=”terms__main-term”>Securities and Exchange Commission (SEC</a>) on Wednesday brought charges against Neil Chandran for creating and running CoinDeal, a fraudulent...
Coinbase Reaches $100M Settlement with NY Regulator for AML Failure
<p class=”MsoNormal text-align-justify”>American cryptocurrency exchange, Coinbase, has agreed to pay $100 million to settle the lapses that the New York Department of Financial Services (NYDFS)...
The Web3 Paradox: Why Scaling Usage Alone Won’t Lead to Mass Adoption
<p>Currently, a significant portion of the attention and resources in the industry are focused on scaling the usage of web3 technologies, such as reducing gas...
Israel Seeks to Amend Securites Laws to Fit in Crypto, Calls for Input
<p class=”MsoNormal text-align-justify”>The Israel Securities Authority (ISA) has published a proposal that seeks to amend the applicability of the country’s securities laws to crypto and...
Mutant Ape Planet NFT Creator Aurelien Michel Arrested at JFK Airport
<p>Aurelien Michel, a French national residing in the United Arab Emirates (UAE), was arrested on Wednesday evening and charged with defrauding investors, in his Mutant...
Does AAVE Help Mitigate Lending Risks to Banks?
<p>AAVE functions as a crypto version of banks in terms of <a href=”https://www.financemagnates.com/cryptocurrency/what-will-be-the-future-of-crypto-lending/” target=”_blank” rel=”follow”>borrowing and lending</a>, but does this platform carry an inherent risk?...
New York Charges Celsius Network’s Co-Founder Alex Mashinksy with Fraud
<p class=”MsoNormal”>Letitia James, the Attorney General of the State of New York, has charged Alex Mashinsky, the Co-Founder of a bankrupt crypto lender Celsius Network,...
CME Group and CF Benchmarks to Launch Metaverse Indices
<p class=”MsoNormal”>The derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on...
Crypto Downzing Continues as Huobi Plans to Prune Workforce by 20%
<p class=”MsoNormal”>The downsizing wave that swept through the cryptocurrency industry in 2022 is still on track as Seychelles-based cryptocurrency exchange, Huobi, has disclosed its plans...
Bitfarms Ends 2022 with 50% Increase in BTC Mining
<p class=”MsoNormal”>Bitfarms (<a href=”https://www.financemagnates.com/tag/bitfarms/” target=”_blank” rel=”follow”>NASDAQ:BITF</a>), a cryptocurrency mining company, has published its latest Bitcoin mining update for December 2022 and the entire year. While...