The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
Soccer legend Ronaldinho Gaúcho is making headlines not for his football skills but for his alleged involvement in a crypto fraud probe. According to a recent report, the Brazilian superstar has been linked to a crypto pyramid scheme through his
The Middle East has always acted as a friend of the crypto industry, and one more country is making headlines this time by investing $1.1 billion in Bitcoin mining. H.E. Sheikh Mansour Bin Taleb Bin Ali Al Hinai, Chairman of
Tornado Cash cofounder Roman Storm was released on bail on Thursday, Aug. 24, a day after the software developer was charged with money laundering and sanctions violations in the United States, according to his lawyer Brian Klein. Storm was arrested
With the European Union’s comprehensive Digital Services Act (DSA) coming into effect on Friday, August 25, more than a dozen tech titans, including Meta, Apple, and Google, are facing intense legal scrutiny in Europe. The EU’s new DSA carries new
Cryptocurrency exchange Bitstamp is set to cease Ethereum staking offerings for its American clientele starting September 25, 2023. As other regions like the European Union embrace clearer crypto regulations, US investors and exchanges are left navigating a murky scene. According
The U.S. Department of Justice (DOJ) charged Tornado Cash developers Roman Storm and Roman Semenov with laundering over $1 billion in criminal proceeds, including hundreds of millions of dollars for stated-backed North Korean hacking group Lazarus. Tornado Cash is an
The impact of artificial intelligence (AI) on the film and television sectors has sparked debates as the entertainment industry navigates its shift into the digital era. Consequently, the Alliance of Motion Picture and Television Producers (AMPTP) recently unveiled a detailed
In a case highlighting the pitfalls of the booming Non-Fungible Token (NFT) market, Nathaniel Chastain, the former Head of Product for leading NFT platform OpenSea, faced stern repercussions for leveraging insider information to his advantage. According to a report from
In a resounding move against deceptive practices in the financial industry, the U.S. Securities and Exchange Commission (SEC) has announced a substantial settlement with Titan Global Capital Management USA LLC. The New York-based FinTech investment adviser has been scrutinized for
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
In a significant move signalling the United Arab Emirates’ growing acceptance of digital currencies and their associated innovations, Komainu, a joint venture of Nomura, CoinShares, and Ledger, has been granted a full operating license by the Virtual Asset Regulatory Authority
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