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VanEck CEO Say SEC Will Probably Reject ether ETFs Application in May
On April 9, VanEck CEO Jan Van Eck expressed his doubt regarding the approval of the spot Ether exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) in May 2024, which is the deadline for their decision. VanEck... -
Crypto.com Secures VARA Full Operational License in Dubai to Cater for Institutional Investors
Crypto.com announced on April 9 that its Dubai-based entity, CRO DAX Middle East FZE, had obtained full operational service approval from the Virtual Assets Regulatory Authority (VARA), which allows the exchange to cater to institutional inventors in the Middle East... -
HaskKey Opens Global Exchange in Bermuda After Securing License
On April 8, the HashKey Group, a Hong Kong-based digital asset services firm, launched the HashKey Global exchange after securing a license in Bermuda to offer registered digital asset trading services. HashKey Global Exchange Targets 5 Years Plans to Surpass... -
SEC Seeks Nearly $2 Billion Fine from Ripple Labs in Ongoing XRP Lawsuit: Ripple CEO Criticizes Unprecedented Penalty
The U.S. Securities and Exchange Commission (SEC) wants Ripple Labs, the company behind the cryptocurrency XRP, to pay nearly $2 billion in fines. The SEC claims that Ripple violated securities laws by selling XRP without proper registration. If the judge... -
Arkon Energy’s Acquisition of 27,700 Bitcoin Mining Rigs from Bitmain: A Boost to Hashpower
Arkon Energy, a company based in Ohio, has purchased a large quantity of equipment (27,700 rigs) for mining Bitcoin. These rigs are from Bitmain, and their acquisition will significantly enhance the company's capacity to process Bitcoin transactions. This move is... -
Sam Bankman-Fried’s 25-Year Sentence Sets Stage for Legal Scrutiny of FTX Associates in Financial Misconduct Case
Sam Bankman-Fried, the founder of FTX, has been sentenced to a lengthy prison term for financial misconduct. Following this, his former colleagues Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are also facing legal issues. Despite some cooperating with... -
Philippines SEC Charges eToro with Offering Unregistered Securities
On April 4, the Philippines Securities and Exchange Commission (SEC) announced that it was illegal for eToro to offer securities trading in the country. According to the regulator, eToro is not registered as a corporation in the Philippines and lacks... -
OneCoin’s Legal Chief Receives Four-Year Sentence for Role in Cryptocurrency Pyramid Scheme
OneCoin's Legal Chief Irina Dilkinska was sentenced to four years imprisonment by US Judge Edgardo Ramos on April 3 after pleading guilty to helping the Web3 company to launder millions of dollars in its fraud scheme. The Judge also ruled... -
Hester Peirce Criticizes SEC’s Closed-Door Policy for Hampering Crypto Innovation
On April 2, the United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce condemned the agency’s stringent policy guidelines limiting innovations in the crypto industry. Hester Peirce Advocates for More Interaction Between SEC & the Public Hester Peirce's swipe... -
MAS Introduces New Regulations for Digital Payment Token Service Providers
On April 2, the Monetary Authority of Singapore (MAS) announced an amendment to the Payment Service Act (PS Act) and its subsidiary legislation to broaden the scope of regulated services and impose user protection on digital payment token (DPT) service...
