Coinbase filed an amicus brief in a U.S. Supreme Court case involving crypto and potential IRS privacy violations. In a case challenging the Internal Revenue Service’s handling of user crypto data, Coinbase was the latest to weigh in. On April 30, the exchange filed an amicus brief to the U.S. Supreme Court in the Harper…
Stablecoin issuer firm Circle was recently granted in-principle approval from Abu Dhabi financial authorities to serve as a money services provider in the region. According to an official press release, the Financial Services Regulatory Authority of Abu Dhabi Global Market or ADGM have granted in-principle approval for the stablecoin firm to act as a money…
Australia’s financial intelligence agency is cracking down on inactive crypto exchanges, warning they could be deregistered to prevent misuse by criminals. The Australian Transaction Reports and Analysis Centre — also known as AUSTRAC — said many crypto exchange providers are no longer operating, yet remain on the official register, and now risk being deregistered if…
Coinbase called on California, New Jersey, Maryland, Washington, and Wisconsin to end their lawsuits over its staking services. Cryptocurrency exchange Coinbase is urging five U.S. states to abandon their lawsuits over the company’s staking services, warning that the legal actions are harming consumers and creating uncertainty. In a blog statement, the U.S.-based public crypto exchange…
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…
