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Coincheck's Nasdaq Listing Gains Traction, Proposal Submitted to SEC
Coincheck and Spacial Purpose Acquisition Company Thunder Bridge Capital Partners IV are progressing with a merger deal that will enable the Japanese cryptocurrency exchange to list on Nasdaq. Coincheck has reportedly submitted a proposal regarding the agreement to the SEC, signifying a significant step for both companies and investors seeking exposure to the growing crypto
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Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims
Bankrupt cryptocurrency exchange FTX plans to repay 98 percent of its creditors up to 118 percent of their claims in cash, an announcement yesterday (Tuesday) detailed. Only creditors with $50,000 or less in claims will be eligible to receive the claims under this plan, which is expected to be fulfilled within 60 days of court approval.
Under the plan, all
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Grayscale's Filing for Ethereum Futures ETF Withdrawn over Regulatory Uncertainty
Grayscale's proposal to list exchange-traded funds (ETF) tied to the price of ether was recently withdrawn, according to a notice by the Securities and Exchange Commission (SEC). NYSE Arca, the platform Grayscale's ETF would have been listed if approved, withdrew the proposal ahead of an anticipated decision by the regulator on similar applications by asset managers VanEck, ARK
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SEC Targets Robinhood's Crypto Trading Arm with Potential Enforcement Action
The Securities and Exchange Commission (SEC) could potentially bring an enforcement action against Robinhood, according to a Wells notice recently issued to the company's cryptocurrency trading arm on May 4. This development comes despite Robinhood asserting that the assets listed on the platform are not securities.
Navigating Regulatory Challenges
"On May 4, 2024, Robinhood
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Binance Assists Dutch Authorities in Exposing $30M Online Fraud
Binance assisted the Dutch authorities in an investigation that led to the seizure of millions of euros worth of assets and the arrest of a 26-year-old man in suspected online fraud, the Fiscal Information and Investigation Service (FIOD) reported.
Luxury Cars and Cryptocurrency Seized
Dutch authorities, alongside the tax investigation service FIOD, seized assets totaling 11.4
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Coinbase Faces Another Class Action Lawsuit: Investors Allege Illegal Offerings
The American cryptocurrency exchange, Coinbase, is embroiled in yet another class-action lawsuit. This lawsuit alleges that investors were misled into purchasing tokens classified as unregistered securities. Filed last Friday, the class action also contends that the exchange’s business model is unlawful.
Another Class Action Against Coinbase
According to
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
Over 90% of stablecoin transactions do not originate from real users, a recent study by Visa and Allium Labs revealed. These findings raise questions about the potential of stablecoins revolutionizing the payment sector despite the optimism from industry leaders and the overall positive market sentiment.
Stablecoin Potential in Payments
Out of a staggering $2.65 trillion in
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Binance Faces $4.38M Fine from Canada's Anti-Money Laundering Watchdog
Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has taken action against cryptocurrency exchange Binance, imposing a hefty fine of nearly USD 4.38 million (C$6 million) for violations related to money laundering and terrorist financing laws.
Canada Imposes Fines for Money Laundering Violations
The regulatory body disclosed that Binance had failed to comply
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Revolut X: Fintech Firm Ventures into Crypto Exchange Arena
London-based digital banking firm Revolut has introduced Revolut X, a cryptocurrency exchange tailored for professional traders, marking the institution as the pioneer in developing a dedicated platform for cryptocurrency trading within the banking sector.
Crypto Offerings with New Exchange Platform
With a user base of 40 million worldwide, Revolut has already facilitated
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SEC Chief Gary Gensler Slams Crypto over Inadequate Disclosures
Securities and Exchange Commission (SEC) Chair Gary Gensler has slammed the cryptocurrency sector for not providing adequate disclosure to investors compared to the traditional financial space. In an interview with CNBC, Gensler said that most cryptocurrencies are considered securities and must comply with the relevant laws.
Gensler's comments came a few days after Robinhood's crypto
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Nigeria Denies Binance's Bribery Allegations amidst Crypto Clash
In a rebuttal against accusations of bribery levelled by Binance Holdings Ltd, Nigeria has refuted claims made by the cryptocurrency firm, dismissing them as a diversionary tactic. The West African nation has been involved in a boisterous saga with Binance.
Binance's Allegations of Bribery in Nigeria
The rift deepened following a blog post penned by Binance's Chief Executive
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Crypto Regulations Are Imminent, but Will the Regulators Align?
Regulatory change in the crypto realm has been a subject of heated debate for many years. The general ethos of cryptocurrency is one of anarchism or anarcho-capitalism. Proponents of the tech tend to be adamantly against any type of governmental intervention into markets or technology.
However, as digital assets and blockchain technology find themselves thrust into
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Kraken Announces Partnership to Enhance Crypto Offerings in German Market
Kraken has unveiled its latest strategic move aimed at bolstering its presence in the European market. The company has announced a new partnership designed to facilitate the expansion of its product offerings in Germany, a pivotal market in the region for crypto adoption.
Forging Partnership to Enhance Crypto Services in Germany
Scheduled to commence around July 10, 2024,
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Legal Blow for Cristiano Ronaldo as Judge Denies Dismissal Motion
In a legal blow to Cristiano Ronaldo, the famed Portuguese soccer star, the judge overseeing the $1 billion class action lawsuit against him has rejected his motion to dismiss the case. The lawsuit, filed in Florida, accuses Ronaldo of endorsing Binance, which allegedly led investors into making costly and risky investments.
Ronaldo's Motion Denied in Binance NFT Lawsuit
Judge Roy
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Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts
Australian Taxation Office (ATO) has requested personal data and transaction details from crypto exchanges of up to 1.2 million accounts to crack down on potential tax evaders, Reuters reported. This move marks a significant escalation in the ATO's efforts to ensure compliance in the rapidly expanding digital currency market.
Oversight of Crypto Tax Compliance
ATO's notice, issued
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