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Dubai's VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official

[Oct 16, 2024 5:51 AM] Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any…

Coinbase Escalates SEC Fight Over the Agency's Inside Chatter on ETH

[Oct 15, 2024 7:05 PM] An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission's unwillingness to produce documents revealing the regulator's internal thinking on whether to…

Kamala Harris to Back Crypto Reg Framework in Speech Today, Campaign Says

[Oct 14, 2024 4:26 PM] Vice President and Democratic nominee Kamala Harris will announce her support for a regulatory framework for crypto as part of a speech targeting Black Men, her campaign announced Monday morning.

Man Who Accidentally Sent $527M in Bitcoins to Dump Sues Local Council to Retrieve Them: Report

[Oct 14, 2024 3:08 PM] In 2013, Howells accidentally threw out the hard drive his bitcoin stash that he had mined in 2009, worth around $1 million at the time but which now would be worth over $520 million.

Crypto Neobank Banq's Bankruptcy Case Dismissed by U.S. Judge

[Oct 14, 2024 8:54 AM] The filing was dismissed because a U.S. judge who called the application a "bad faith" tactic.

FTX's Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort

[Oct 11, 2024 2:58 PM] Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog…

Bitnomial Exchange Sues U.S. SEC, Alleging Regulatory Overreach

[Oct 11, 2024 10:38 AM] Bitnomial's action follows a similar suit filed by Crypto.com on Tuesday.

Binance Executive Tigran Gambaryan Denied Bail in Nigeria

[Oct 11, 2024 9:52 AM] The Binance executive has been detained in Nigeria since February.

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

[Oct 11, 2024 9:16 AM] Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

SEC Sues Crypto Market Maker Cumberland DRW

[Oct 10, 2024 5:17 PM] The regulator alleged the company "bought and sold" crypto assets that were sold as securities, but did not register as a securities dealer.

Ripple Plans 'Cross-Appeal' in SEC Case

[Oct 10, 2024 3:53 PM] The SEC announced it was filing an appeal last week.

Heather 'Razzlekhan' Morgan Should Spend 18 Months in Prison, Prosecutors Tell Court

[Oct 10, 2024 3:08 PM] Prosecutors have requested that Heather Morgan – better known by her rap moniker “Razzlekhan” – be sentenced to just 18 months behind bars for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack.

South Korean Upbit crypto exchange faces monopoly probe

[Oct 10, 2024 12:43 PM] South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.

Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities

[Oct 10, 2024 11:39 AM] Dubai's Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.

SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’

[Oct 9, 2024 8:58 PM] Gensler also called out fraud in crypto: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.”

Prosecutors Charge Two Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud

[Oct 9, 2024 7:39 PM] Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege.

India's Crypto Discussion Paper on Hold Due to Other Priorities

[Oct 9, 2024 1:08 PM] India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.

The DPRK's Deep Roots in Crypto

[Oct 9, 2024 4:00 AM] Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways…

Crypto.com sues SEC to ‘protect the future of crypto’ in US

[Oct 8, 2024 2:18 PM] Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency.

Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice

[Oct 8, 2024 1:40 PM] Cryptocurrency exchange Crypto.com has sued the U.S. Securities and Exchange Commission, along with its Chair Gary Gensler and its four commissioners.

UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud

[Oct 8, 2024 9:37 AM] Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.

Hong Kong Gearing up to Approve More Cryptocurrency Exchange Licenses by Year End: SFC

[Oct 8, 2024 5:19 AM] HKVAX is the latest exchange to receive approval.

Delaware Judge Approves FTX Estate’s Bankruptcy Plan

[Oct 7, 2024 8:50 PM] A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.

UAE Exempts Crypto Transactions From Value Added Tax

[Oct 7, 2024 7:45 AM] The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.

HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

[Oct 4, 2024 6:41 PM] HBO says it knows who Satoshi is.

Coinbase to Delist Unauthorized Stablecoins in EU by December

[Oct 4, 2024 2:31 PM] Tether, which is the largest issuer of stablecoins, has not managed to snag the necessary e-money license in the European Union.

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

[Oct 3, 2024 9:52 PM] The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

CFTC Subcommittee Sends Up Recommendations for Letting Firms Use Tokenized Shares as Collateral: Bloomberg

[Oct 3, 2024 12:23 PM] The likes of BlackRock and Franklin Templeton could see tokenized shares of their money-market funds pledged in trading after a major group under the aegis of the Commodity Futures Trading Commission (CFTC) approved guidelines for their use…

Australia's Police Confiscates Crypto Worth $6.4M in Crackdown on 'Ghost' Messaging App

[Oct 3, 2024 8:35 AM] Australia's police has confiscated $6.4 million in cryptocurrency as part of a global crackdown on Ghost, an encrypted communications network, authorities allege was “built solely for the criminal underworld,” a statement said.

SEC Files Notice of Appeal in Case Against Ripple

[Oct 2, 2024 9:25 PM] The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.