Regulation authorities in Canada are preparing to impose tighter laws for exchanges in the nation, only days after the U.S. Securities and Exchange Commission (SEC) imposed limitations on crypto-related activity. The Canadian Securities Administrators (CSA) are said to be drafting new regulations. That cryptocurrency exchanges operating in Canada will have
The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
SAN DIEGO–(BUSINESS WIRE)–Dalrada Corporation (OTCQB: DFCO, “Dalrada,” the “Company”), a problem-solving innovator that takes on complex, multi-disciplinary global challenges in clean energy, precision manufacturing, and technology, announced today its financial results for the second quarter of Fiscal 2023, ended December 31, 2022. During Q2 2023, total revenue grew $1 million—a
Circle, the company that issued USD Coin, has refuted that it was served with a “Wells Notice” due to the stablecoin’s tie to the US dollar. On February 14, Fox Business reporter Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission (SEC) had ordered Circle to stop selling USDC
While the International Monetary Fund (IMF) ‘warned El Salvador’ against boosting the government’s involvement with Bitcoin (BTC), the Central American country plans to open a second “Bitcoin Embassy” in Texas after establishing its first one in Lugano, Switzerland. According to a Twitter post from Milena Mayorga, El Salvador’s Ambassador to
Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users. The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then
The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is
The SEC’s recent move to investigate some crypto staking offerings in the United States has captured the attention of the global cryptocurrency community. After Kraken’s settlement with the government. Many people expected Coinbase to have to do the same, thus the biggest US-based exchange decided to speak out. Paul Grewal,
According to its annual filing to the Securities and Exchange Commission, payments giant Paypal possessed more than $500M worth of the two major cryptocurrencies as of December 31, 2021. Included in the total were $291M in Bitcoin (BTC) and $250M in Ethereum (ETH). In addition to the $534 million in
Following the regulator’s probe into Kraken, the crypto exchange had agreed to settle charges with U.S. Securities and Exchange Commission (SEC) and shut down its on-chain cryptocurrency staking service. The U.S SEC announced on Thursday that, the two Kraken entities ‘Payward Ventures and Payward Trading’ accept to pay $30 million
