A South Korean lawmaker accused Bithumb of using dark patterns to charge users higher fees than advertised. Cryptocurrency exchange Bithumb earned more than 140 billion won (nearly $97.6 million) in extra fees by using unclear processes that misled users, The Maeil Business Newspaper reports, citing a South Korean lawmaker. Kim Jae-sup, a member of the…
Crypto lender Nexo is resuming operations in the United States, two years after settling a $45 million fine with the SEC. Cryptocurrency lending firm Nexo is re-entering operations in the United States, nearly two years after settling a $45 million fine with the U.S. Securities and Exchange Commission over its unregistered lending product. Nexo returns…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Memecoins have long been misunderstood, and amongst their great utility, there is an emerging perception that memecoins are simply conduits for celebrity-driven pump-and-dump schemes designed to rip the masses off. Despite this…
Don’t put all your eggs in one basket—an idiom Tether seemingly takes to heart. In just two days this April, the stablecoin giant unveiled two major moves: teaming up with Bitfinex, SoftBank, and Cantor Fitzgerald to launch a Bitcoin-focused public company, Twenty One Capital, and increasing its ownership stake in Italian football club Juventus to…
The U.S. Securities and Exchange Commission’s new Chairman Paul Atkins has called out the agency’s previous administration as having fostered “uncertainty.” Atkins made the remarks in his first public appearance since officially taking charge as the SEC chair. He was speaking at the regulatory watchdog’s crypto roundtable in Washington DC. He slammed the SEC’s approach…
Crypto-related fraud is booming in Canada as scammers increasingly use AI tools to target investors, the Ontario Securities Commission says. Canada‘s top securities watchdog is sounding the alarm on a wave of crypto scams, saying fraudsters are now using slick artificial intelligence deepfakes and fake trading platforms to fool investors and steal their money. During…
Stablecoin regulation could add over $1 trillion in Treasury demand and make issuers among the largest holders of U.S. government debt, Citigroup says. Stablecoin issuers could become some of the largest holders of U.S. Treasuries by 2030 if the U.S. adopts a regulatory framework, Citigroup said in a new report, adding that more than $1…
The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no longer require state member banks to give advance notice before launching or participating in crypto-related…
Crypto exchange OKX has appointed Jonathan Brockmeier, a former compliance officer at fintech firm Thunes, as its new Chief Compliance Officer. OKX announced the leadership change on April 24, confirming that Brockmeier is officially stepping into the role. He replaces Vanessa Zhang, who is departing the company, according to OKX founder Star Xu. Brockmeier previously…
Russia is preparing to launch a new cryptocurrency exchange designed specifically for highly qualified investors. Russia’s Ministry of Finance and the Central Bank are preparing to launch a cryptocurrency exchange targeting “super-qualified investors,” according to Finance Minister Anton Siluanov. The announcement came during a board meeting of the Finance Ministry on Apr. 23, as reported…
