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Coinbase Wallet To Drop Support For Ripple, Ethereum Classic, Bitcoin Cash, And Stellar Due To “Low Usage”

Coinbase Wallet announced its plans to cease support for Ripple (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and Stellar (XLM) starting December 5.

Attorney Claims Substantial Amount Of FTX’s Assets Are Stolen Or Missing

James Bromley reported that a large portion of FTX’s assets remain unaccounted for. He claimed that FTX has begun adding measures to safeguard its clients’ assets under the leadership of John J. Ray III.

FBI Seeks To Extradite Sam Bankman-Fried For Questioning

The FBI is reportedly in talks with Bahamian authorities to extradite Sam Bankman-Fried to the US for interrogation on FTX's downfall.

Tether Freezes FTX’s $46M Worth Of USDT Assets

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

BlockFi To Roll Out Crypto Yield Accounts For US Clients

BlockFi plans to launch interest-bearing accounts for US-based accredited investors starting in late 2022.

Core Scientific Set To File For Bankruptcy

Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.

Alex Mashinsky Accused Of Falsely Claiming To Invest $18M In CEL’s ICO

Tiffany Fong’s latest set of Tweets alleged that Alex Mashinsky, Co-Founder and Ex-CEO of Celsius, falsely claimed to invest $18M in CEL's ICO.

SEC Chairman Warns About Centralization In The Crypto Market

In his recent speech, Gary Gensler, the SEC Chairman, revealed his opinions on the increasing centralization in the crypto ecosystem.

FTX To Delist Tokens That It Considers As Securities

Sam Bankman-Fried, the CEO of FTX, said his exchange will stop supporting certain tokens in the US to avoid facing regulatory issues.

SEC And CFTC Probe 3AC Over Allegations Of Investor Conduct Violations

SEC and CFTC investigate Three Arrows Capital (3AC) for potentially misleading its investors.

NYDIG Raises $720 Million For Its Bitcoin Institutional Fund

NYDIG has generated about $720 million for its Bitcoin Institutional Fund. This success was made possible by the 59 Investors who donated an average of over $12 million to the fundraising.

SEC Sues Another Crypto Project and Its "Market Maker" For Alleged Market Manipulation

Hydrogen Technology and Moonwalkers Trading have come under the SEC's hammer for selling tokens using airdrops and bounty programs while funding its project in 2018.

XRP Price Surges By 11% As Court Overrules SEC's Objections

XRP witnessed an uptrend in its pricing after Analisa Torres overruled the SEC's objections in its ongoing case against Ripple Labs.

Sparkster Settles with SEC, Agrees to Compensate Investors with $35 Million

The SEC filed charges against Sparkster Ltd, CEO Daya, and crypto influencer, Balina over an unregistered 2018 SPRK ICO. While Sparkster has agreed to pay a total of $35 million, Balina’s charges may take longer.

SEC Charges Ian Balina Over Promotion And Sale Of Unregistered ICO

The US Securities and Exchange Commission filed a complaint against crypto promoter Ian Balina over violations of the Federal Securities law.

Ripple CEO Claims SEC Is Not Interested In Applying The Law

Ripple Labs Inc. filed the motion for a summary judgment earlier today, with Brad Garlinghouse slamming the SEC by claiming it is only concerned with expanding its jurisdiction beyond securities.

SEC Sues Crypto Companies for Fund Mismanagement

The SEC has been going after bad crypto actors recently. In their recent action, they sued two crypto firms and their owner for using their investors’ funds in Ponzi-like schemes.

Ethereum’s New Staking Model May Draw SEC Attention

Ethereum’s transition to the staking model might draw the SEC’s attention. This is so because SEC expects crypto platforms offering staking services to take the Howey test to determine whether its asset is a security.

Brazilian CVM Demands Changes In The Pending Crypto Bill

Brazil’s Securities and Exchange Commission (CVM) pressed for changes in the pending cryptocurrency bill to fix a loophole concerning the regulation of digital assets.

SEC To Set Up Specialized Offices To Review Crypto Filings

US SEC announced its plans to set up two new offices to support the DRP in matters related to crypto asset filings. 

MicroStrategy Plans To Sell Up To $500M Worth Of Stock To Buy BTC

MicroStrategy entered into a sales agreement with Cowen and Company and BTIG to sell up to $500M of its shares to fund its Bitcoin acquisition strategy.

Thailand SEC Mandates Stricter Regulations On Crypto Advertising

Thailand’s SEC issued an amendment to the advertising regulations for crypto firms and businesses. 

Ava Labs Denies Crypto Leaks’ Conspiracy Accusations

Ava Labs CEO dismissed accusations that the firm paid off Roche Freedman to sue its competitors.

SCB Terminates $500M Deal To Acquire Bitkub

Siam Commercial Bank, Thailand’s oldest bank, discarded its plans to purchase crypto exchange Bitkub in a $500M deal, citing the platform’s unresolved issues with the Thailand SEC as the reason behind pulling out of the agreement.

XRP Attorney Hints That SEC Chair Could Be Messing With Crypto

CryptoLaw founder John Deaton has written an op-ed criticizing the regulator's overreach in the crypto space.

XRP Network Sees Highest Whale Activity Since May

As the crypto market heads in a bearish direction, XRP sees a massive influx of whale transactions, with over $100K worth of funds transferred as Ripple tokens.

SEC Reinforces Bid Blocking Ripple From Getting Evidence In XRP Lawsuit

The SEC moves to prevent Ripple from getting hold of a 2018 William Hinman speech, stating that Ethereum is not a security.

SEC Sues Dragonchain Over Sale Of Unregistered Securities

the US Securities and Exchange Commission charges Dragonchain Inc., Dragonchain Foundation, and the Dragon Company by accusing the founder, John Joseph Roets, of raising $16.5M by the illegal sale of unregistered crypto asset securities

Crypto Industry Eyes SEC's Recent Regulatory Actions To Stamp Its Authority

The US SEC has turned up its regulation heat in recent weeks in a bid to curb fraudulent activities in the crypto space.

CFTC Charges Ohio-Based Man For Alleged $12 Million Ponzi Scam

An Ohio-based man is in CFTC's crosshairs for complicity in an alleged Ponzi scheme.

Philippines To Close Application Window For New VASP Licenses For Three Years

The Central Bank of the Philippines issued a memorandum to halt the application process for new Virtual Asset Service Provider licenses for three years, starting September 1.