crypto regulation

SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, 5K Fine

SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine

Key Takeaways: The SEC’s victory against CLS Global demonstrates that U.S. regulators can successfully prosecute foreign firms for market manipulation, even when the activity occurs on decentralized platforms like Uniswap. The case’s undercover “trap token” operation, orchestrated by the FBI, is part of a new era of sophisticated enforcement tools targeting wash trading and deceptive […]

SEC Sting Bars UAE Crypto Market Maker CLS Global for 98% Wash Trades, $425K Fine Read More »

Kraken Prepares To Expand Trading Offerings Beyond Crypto To Stocks And ETFs

Kraken Prepares To Expand Trading Offerings Beyond Crypto To Stocks And ETFs

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken, one of the largest cryptocurrency exchanges in the United States, is expanding its services beyond digital assets as the company navigates continued positive regulatory developments and prepares for a potential initial public offering (IPO) early next year. According to Monday’s announcement,

Kraken Prepares To Expand Trading Offerings Beyond Crypto To Stocks And ETFs Read More »

SEC Delays Decision On Staking For Grayscale’s Ethereum ETFs

SEC Delays Decision On Staking For Grayscale’s Ethereum ETFs

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment

SEC Delays Decision On Staking For Grayscale’s Ethereum ETFs Read More »

South Korea FIU Blocks 14 Unregistered Crypto Apps on Apple Store

South Korea FIU Blocks 14 Unregistered Crypto Apps on Apple Store

South Korea’s Financial Intelligence Unit (FIU) announced on Monday that it had blocked domestic access to 14 unregistered foreign crypto apps on the Apple App Store as part of a new regulatory measure. The blocked platforms included major names like KuCoin and MEXC, sending a clear signal to overseas exchanges lacking local approval. Since March

South Korea FIU Blocks 14 Unregistered Crypto Apps on Apple Store Read More »

New York Lawmaker Introduces Bill To Legalize Crypto Payments

New York Lawmaker Introduces Bill To Legalize Crypto Payments

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure New York lawmaker Clyde Vanel has introduced a legislative bill that would allow state agencies to accept cryptocurrency as a form of payment. This move marks the latest development in the US’s favorable approach towards the crypto industry following President Donald Trump’s

New York Lawmaker Introduces Bill To Legalize Crypto Payments Read More »

Binance Founder CZ Named Adviser To Pakistan Crypto Council

Binance Founder CZ Named Adviser To Pakistan Crypto Council

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a major win for Pakistan’s cryptocurrency market, Changpeng Zhao (CZ), the co-founder and former CEO of Binance, the world’s largest crypto exchange, has been appointed as a strategic adviser to the Pakistan Crypto Council (PCC).  Binance Co-Founder To Boost Crypto Innovation

Binance Founder CZ Named Adviser To Pakistan Crypto Council Read More »

Tether Plans US-Only Stablecoin In Response To Trump’s Regulatory Support

Tether Plans US-Only Stablecoin In Response To Trump’s Regulatory Support

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the cryptocurrency landscape in the United States undergoes significant changes under Trump’s second administration, Tether, the company behind the largest stablecoin, USDT, is considering launching a US-exclusive stablecoin. This potential move comes in response to ongoing discussions about regulatory frameworks for

Tether Plans US-Only Stablecoin In Response To Trump’s Regulatory Support Read More »

Illinois Advances New Crypto Bill To Tighten Regulations

Illinois Advances New Crypto Bill To Tighten Regulations

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023. Illinois Advances Crypto Consumer Protection Bill On Thursday,

Illinois Advances New Crypto Bill To Tighten Regulations Read More »

USDC Issuer Circle Set To File For IPO By April, Eyes  Billion Market Valuation

USDC Issuer Circle Set To File For IPO By April, Eyes $5 Billion Market Valuation

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Circle Internet Financial, the issuer of the second largest stablecoin, USDC, is advancing its long-planned initial public offering (IPO) by hiring JPMorgan Chase and Citi as underwriters.  According to a recent report by Fortune, the fintech company is expected to publicly file

USDC Issuer Circle Set To File For IPO By April, Eyes $5 Billion Market Valuation Read More »

US Asset Manager Fidelity Explores Potential Stablecoin Launch

US Asset Manager Fidelity Explores Potential Stablecoin Launch

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Fidelity Investments, one of the largest asset management firms in the US, is exploring the possibility of launching its own stablecoin after the successful introduction of their Ethereum and Bitcoin exchange-traded funds (ETFs) last year.  Stablecoins Surge In Popularity: $238 Billion In

US Asset Manager Fidelity Explores Potential Stablecoin Launch Read More »