The New Jersey Bureau of Securities has ordered three website operators to stop luring romance-seeking victims into their fraudulent cryptocurrency investment schemes. The three firms hit with the cease and desist orders were Meta Capitals Limited, Cresttrademining Limited and Forex Market Trade, according to a Feb. 3 press release from New […]

A below par financial performance, bankruptcy filings and company closures, exposure to FTX’s collapse, job cuts, and slow down in certain investments or projects were some of the challenges crypto companies faced in the year 2022. Silvergate Capital, a provider of financial solutions to the digital asset industry, released its financial […]

The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.  The “digital pound” roadmap is set to be introduced next week, a government source told the newspaper. […]

January proved to be a somewhat powerful month for bitcoin, which rose beyond the $18K mark by the midway point. Though this is nothing compared to the all-time high of $68,000 it achieved in November of 2021, the jump was a welcomed change from the bearish conditions so many fans, […]

The year 2022 was a defining moment for the cryptocurrency industry as major events impacted the expansion and advancement of cryptocurrencies. 2022 was a year filled with events that affected the future of the cryptocurrency sector, from highs and lows to technological developments and regulatory difficulties.  Major events like the […]

The Federal Bureau of Investigation (FBI) has seized two non-fungible tokens (NFTs) worth more than $100,000 and 86.5 Ether (ETH) from a reported phishing scammer. The alleged scammer in question, Chase Senecal — known as Horror (HZ) online — was initially exposed via a lengthy investigation by independent blockchain sleuth […]

The tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated securities products after the shutdown, as the United States Securities and Exchange Commission (SEC) and […]

Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing in United States Bankruptcy Court for the District of […]

CFTC Chairman Rostin Benham expects 2023 to be a strong year of crypto enforcement actions.  The commodities regulator plans to grow its enforcement team with a budget increase.  Benham plans to use all the power at his disposal to go after bad actors in the crypto space.  The CFTC Chair […]

The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues in a new blog post from Binance banning the latter from utilizing its services. On Feb. 3, Binance released a post that acknowledged the ongoing “public debate” with Zanmai over its […]