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U.S Prosecutors Seek 36-Month Jail Time for Binance Founder CZ

U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced. A maximum

April 24, 2024 2 mins read

Binance Faces Lawsuit in Canada Over Alleged Securities Violations

Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules. On April 19, the certification motion for the class-action lawsuit against Binance was published by Ontario’s Superior Court of Justice. The lawsuit claims that Binance provided crypto derivative products to

April 24, 2024 2 mins read

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this

April 24, 2024 1 min read

SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC. A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that

April 23, 2024 1 min read

Bitget Wallet’s Chief Operating Officer Presents Web3 Wallet Security Strategies at Blockchain Life Dubai

Victoria, Seychelles, April 23rd, 2024, Chainwire   At this month’s Blockchain Life Dubai conference, Bitget Wallet‘s Chief Operating Officer Alvin Kan joined industry experts from SafePal, Ledger, Trust Wallet, Telegram Wallet, and CoinTelegraph journalists to discuss strategies for building more secure and user-friendly decentralized wallets. The discussion revolved around the

April 23, 2024 3 mins read

BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach

Willemstad, Curaçao, April 22nd, 2024, Chainwire BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user

April 22, 2024 2 mins read

Shiba Inu Secures $12 Million for FHE Blockchain Development with $TREAT Token

A number of non-U.S. strategic partners in venture capital have contributed $12 million to Shiba Inu, an interconnected ecosystem of digital assets and solutions built on the Ethereum blockchain that includes the well-known global cryptocurrency $SHIB. These partners include Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures,

April 22, 2024 2 mins read

Victory Securities Unveils Fee Structure for Hong Kong BTC and Ether ETF

The new Hong Kong Bitcoin Ethereum spot ETF from the renowned Hong Kong financial organization Victory Securities features a comprehensive fee structure guide that was issued not long ago. This follows the SFC’s green light for spot trading in Ethereum and Bitcoin ETFs in Hong Kong. Some fees related to

April 21, 2024 2 mins read

Ethereum Co-Founder Criticizes Renewal of FISA’s Section 702

Vitalik Buterin, co-founder of Ethereum, has voiced concerns that the execution of new programs inside Section 702 would impact privacy and the crypto community generally, and has therefore criticized the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA). The reintroduction of laws allowing the United States government

April 21, 2024 1 min read