Randall Crater, the creator of “My Big Coin,” was given a 100-month prison term and forced to reimburse his victims for more than $7.6 million. On January 31, the United States Department of Justice said that Massachusetts-based United States District Court Judge Denise Casper had sentenced Crater. The punishment was given after a federal jury […]
UK Treasury publishes crypto framework paper: Here’s what’s inside
His Majesty’s Treasury published a long-anticipated consultation paper for the upcoming crypto regulation.
UK corporate law is too weak for crypto scammers, report shows
A recently released investigative report compiled by the Bureau and the Observer reveals that organized criminal groups use the United Kingdom as a virtual base for their scamming activities due to the country’s lenient company laws. ‘Lax’ UK regulations Under…
Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
DATF framework supports “AFSA’s Strategy for 2022,” which includes crypto framework development as one of three regulatory goals. (Read More)
HKMA Stablecoin Regulations to Demand Backing by Underlying Assets
The main financial regulator will require stablecoin issuers to always back their values with reserve assets. (Read More)
SEC Loses Appeal in LBRY Vs. SEC
The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities. (Read More)
Yuga Labs Facing More Lawsuits Over NFTs
Rosen, a global legal firm, has encouraged BAYC and APE investors to join a class action lawsuit against Yuga Labs for securities law violations. (Read More)
Cardano’s New Algorithmic Stablecoin DJED
ADA, Cardano’s native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar. (Read More)
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits. (Read More)
Tesla’s $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
Q1 2021 Tesla spent $1.5 billion on Bitcoin. (Read More)