In a big shift that could change the U.S. financial landscape, the Federal Reserve has officially taken back its guidance that told banks to stay away from digital assets. This means banks no longer need special permission to engage in bitcoin and stablecoin activities — and the community and financial institutions are loving it. Until […]
Federal Reserve Eases Digital Asset Rules Opening Door for Banks Read More »
A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI
$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising Read More »
Five US states continue to pursue lawsuits against Coinbase’s staking program, and the firm’s executives argue that this is creating barriers for users who seek to earn rewards through the platform, amounting to over $90 million since 2023. According to Coinbase’s chief legal officer Paul Grewal, California, New Jersey, Maryland, Washington, and Wisconsin are maintaining
Coinbase contends state lawsuits impede access to $90M in staking rewards for users Read More »
Oregon’s explosive legal assault on Coinbase reignites the regulatory war on crypto, slamming XRP and 30 other crypto tokens as unregistered securities in a sweeping and unprecedented state lawsuit. Coinbase Faces New Lawsuit Over XRP and 30 Other Cryptos Regulators in Oregon have intensified their scrutiny of crypto trading, with state authorities directly accusing Coinbase
XRP Among 31 Crypto Tokens Declared Securities in New Coinbase Lawsuit Read More »
NBA Champion Shaquille O’Neal has reached a confidential settlement with a group of investors who sued him over his role in promoting the now-defunct crypto exchange FTX. A court filing submitted on April 23 revealed that both parties have reached a proposed resolution and will now seek court approval to move forward. The agreement, signed
Shaquille O’Neal settles lawsuit over FTX endorsements amid ongoing bankruptcy drama Read More »
The Alabama Securities Commission has officially withdrawn its legal action against Coinbase over the exchange’s staking program, reducing the number of active state-level lawsuits from 10 to five. According to the April 23 consent order signed by Commission Director Amanda L. Senn, the agency partially withdrew its enforcement effort to allow time for evolving policy
Alabama drops case against Coinbase as crypto policy discussions evolve Read More »
The US Securities and Exchange Commission (SEC) has filed fresh charges against a crypto scam operator, even as it closed one of its most controversial cases. This marks the SEC’s first major enforcement update under the newly appointed SEC Chair Paul Atkins. The juxtaposition of cases, aggressive prosecution in one and total dismissal in another,
SEC cracks down on new $198M crypto fraud as it drops case against Hex’s Richard Heart Read More »
Indian crypto exchange WazirX is preparing to resume operations by mid-May 2025, according to an update shared on April 21. The exchange confirmed it is on track to relaunch within the previously announced April–May timeframe, pending a final court decision in Singapore. WazirX revealed that its parent company, Zettai, has completed all preliminary requirements. The
WazirX exchange sets sights on mid-May comeback amid legal deliberations Read More »
SEC’s retreat and XRP’s legal triumph are sidelined as Oregon charges ahead with a new lawsuit against Coinbase, intensifying the war over crypto regulation. Coinbase Says Oregon Ignores SEC Losses, XRP Victory in Crypto Lawsuit Legal tensions surrounding crypto exchange Coinbase have reignited following a new lawsuit filed by Oregon’s Attorney General, adding another chapter
SEC Folded, XRP Won—But Oregon Still Hits Coinbase With Crypto Lawsuit Read More »
A $750,000 crypto fraud lawsuit just hit a wall as the court ruled Santander had zero legal duty to stop authorized transactions, despite scam claims. Court Shuts Down $750K Crypto Lawsuit Against Santander Over Fraud Losses The Massachusetts Appeals Court, in an unpublished decision, affirmed on April 18 the dismissal of a lawsuit brought by
Santander Bank Not Liable for Customer’s $750K Crypto Loss, Court Confirms Read More »
