SEC alleged 10 additional cryptocurrencies as securities but didn’t mention anything about XRP. On Monday, the U.S. Securities and Exchange Commission (SEC) initiated legal action against Binance and its CEO, Changpeng Zhao, alleging that Binance operated an exchange without proper registration and redirected investors’ funds to a trading entity under […]

Reggie Fowler, a former owner of NFL team Minnesota Vikings, has been meted a six-year prison sentence by a New York judge because of his involvement in a crypto fraud scheme. This scheme encompassed more than $700 million in unregulated transactions carried out over a period of 10 months in […]

Two members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service, demanding the implementation of tax regulations for the crypto industry. In a letter addressed to Treasury Secretary Janet Yellen and IRS […]

The Crypto Fear and Greed Index — a tool that measures broader market sentiment towards Bitcoin and the broader crypto market — has dipped to a level of “fear” not witnessed since March 11 this year, when Circle’s USD coin (USDC) briefly lost its dollar-peg.  The stumble in market sentiment […]

The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding a few more from its lawsuit against crypto exchange Binance. The 61 cryptocurrencies accused obeing a “security” comes from years of various litigation undertaken by the […]

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10 month timespan in 2018. The 63-year-old, who was a co-owner of the Minnesota Vikings, […]

Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5. There was however, one glaring omission from the launch — a single mention of the word “metaverse.” The tech company appears to have taken […]

The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months after his appointment. According to a June 5 tweet from cryptocurrency lawyer James Murphy — known on Twitter as MetaLawMan — the SEC complaint cites […]

According to a recent report published by nonfungible token (NFT) money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending, or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collateral comprised the most popular NFT collections, such as Wrapped […]

Charles Hoskinson, the co-founder of Cardano, has sounded the alarm about the increasing threat of crypto scams, particularly with the advent of Artificial Intelligence (AI) technology. Speaking in a June 4 video, Hoskinson addressed the prevalence of scams in the cryptocurrency space where individuals impersonate prominent figures like him, Elon […]