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TrueCoin and TrustToken Settles with SEC for Misleading TUSD Backing

TrueCoin and TrustToken Settles with SEC for Misleading TUSD Backing

Improper stablecoin investment programs and unregistered selling of securities were among the allegations levied against TrueCoin and TrustToken by the US Securities and Exchange Commission (SEC). As stated in the agency’s news release, the SEC has settled the allegations against the businesses and ordered them to pay a combined penalty

September 30, 2024 2 mins read
U.S. Judge Dismisses Fraud Charges in Mango Markets Crypto Case

Mango DAO Agrees to $700K SEC Settlement for Unregistered Token Sales

The U.S. Securities and Exchange Commission (SEC) declared a settlement with Solana-based DeFi platform Mango DAO and Blockworks Foundation for selling unregistered crypto assets known as “MNGO” tokens.  This settlement also involved Mango Labs, which was accused of engaging in unregistered broker activities related to the sale of various cryptocurrencies

September 28, 2024 2 mins read
WazirX Secures Four Month Moratorium After Two Months Post Hack

WazirX Secures Four Month Moratorium After Two Months Post Hack

WazirX, an Indian crypto exchange, has granted a four-month conditional moratorium by the Singapore High Court. Previously, WazirX had filed an application with the Court for a six-month moratorium, followed by the exchange suffering a $234 million exploit in July 2024.  The conditions imposed on the exchange include disclosing its

September 26, 2024 1 min read

Venkate Exchange Reaffirms Unwavering Commitment to Financial Security

Venkate Exchange, a leading name in cryptocurrency trading, has once again emphasized its dedication to ensuring the financial security of its global user base. As the cryptocurrency market continues to grow and evolve, Venkate remains at the forefront by implementing cutting-edge security measures designed to protect both digital assets and

September 26, 2024 3 mins read
EOS Network Completes Spring 1.0 Upgrade, Achieving 1-Second Transaction Finality

EOS Network Completes Spring 1.0 Upgrade, Achieving 1-Second Transaction Finality

The EOS Network has announced the successful completion of its historic Spring 1.0 upgrade. With the introduction of the Savanna consensus algorithm in this upgrade, the network’s performance, dependability, and speed have entered a new era. With the enhancement of transaction finality to 1 second, EOS has improved over 100 times over

September 25, 2024 3 mins read
Ethereum ETF Decision Postponed as SEC Extends Deadline

Ethereum ETF Decision Postponed as SEC Extends Deadline

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on options trading for Ethereum ETFs, extending the deadline until mid-November. This decision impacts both Nasdaq ISE’s proposal for BlackRock’s iShares Ethereum Trust and NYSE American LLC’s proposal for options trading on Grayscale’s Ethereum ETF, alongside other

September 25, 2024 2 mins read
TrueToken TrueCoin SEC

TrustToken and TrueCoin Settle With US SEC For Fraud Charges

In the last 24 hours, the crypto regulatory sphere has sprung into action. While a convict in the FTX collapse, Caroline Ellison received her court statement, Sam Bankman-Fried’s case was further extended. On the other hand, Congressman Tom Emmer bashed Gary Gensler in a recent court meeting on his approach

September 25, 2024 2 mins read
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