Regulation

Celsius Files $3.5 Billion Lawsuit Against Tether

Defunct cryptocurrency exchange Celsius has initiated legal action against Tether, accusing the stablecoin issuer of misappropriating assets and seeking nearly $3.5 billion in Bitcoin...

Coinbase Challenges CFTC’s Event Contract Ban

Coinbase Chief Legal Officer Paul Grewal has voiced concerns on social media over the Commodity Futures Trading Commission's (CFTC) proposed rule to ban certain...

Russia Legalizes Crypto Mining

In a significant development for the BRICS alliance, Russia has officially legalized Bitcoin and cryptocurrency mining. Russian President Vladimir Putin signed the new law...

UK Court Freezes Assets of Missing ‘Cryptoqueen’ Ruja Ignatova

Ruja Ignatova, known as the "Cryptoqueen," has been missing since 2017 while international authorities continue to search for her. On August 7, the United...

Binance Challenges $86M Indian Tax Showcause Notice

Binance, the world's largest cryptocurrency exchange, is contesting an $86 million tax showcause notice issued by India's Directorate General of Goods and Services Tax...

US Senators Urge CFTC to Finalize Ban on Election Betting

Five U.S. Senators and three House Representatives have called on the Commodity Futures Trading Commission (CFTC) to enforce a ban on betting markets for...

Accidental $6.8M Crypto.com Windfall May Lead to Jail

Australian prosecutors are pushing for a prison sentence for a Crypto.com user who mistakenly received nearly $7 million USD due to an internal error....

X Suspends Account Enabling Memecoin Creation via Posts

Elon Musk's social media platform, X, has suspended the account "makenowmeme," which allowed users to create memecoins with a single post. The account, boasting...

Coinbase Denies Allegations of Campaign Finance Law Violations

Paul Grewal, Coinbase's chief legal officer, has denied accusations that the cryptocurrency exchange violated campaign finance laws by donating $25 million to a super...

Nigerian Protests Spark Calls for Crypto Regulation Reforms

As the #EndBadGovernanceInNigeria protests continue, members of Nigeria’s cryptocurrency community are advocating for the inclusion of industry-specific demands. This movement, primarily aimed at addressing...

EU Watchdog Warns of Offshore Crypto Risks Under MiCA Regulation

The European Securities and Markets Authority (ESMA) has issued a cautionary statement regarding the risks associated with global crypto firms seeking partial authorization under...

SEC Charges Bitclout Founder with $257 Million Crypto Fraud

The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with orchestrating a fraudulent crypto scheme that...