Regulators

up-to-life-imprisonment-in-store-for-perpetrators-of-crypto-crimes,-according-to-new-rules-from-korean-government
Posted by | February 13, 2024
Up to Life Imprisonment in Store for Perpetrators of Crypto Crimes, According to New Rules From Korean Government

Breaking crypto laws in South Korea could soon come with a steep punishment. The country’s new “Virtual Asset User Protection Act,” which is primed to come into effect in July,...

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hot-inflation-data-triggers-crypto-correction-after-bitcoin-hits-$50,000-for-first-time-since-2021
Posted by | February 13, 2024
Hot Inflation Data Triggers Crypto Correction After Bitcoin Hits $50,000 for First Time Since 2021

Higher-than-expected inflation data preceded a correction on Tuesday morning that brought Bitcoin (BTC) below the $50,000 price level. According to the Bureau of Labor Statistics, the US consumer price index...

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8,200,000-residents-in-california-will-play-a-major-role-in-determining-future-of-crypto,-says-coinbase
Posted by | February 13, 2024
8,200,000 Residents in California Will Play a Major Role in Determining Future of Crypto, Says Coinbase

California’s digital asset holders will play a big role in the future of the industry, according to top US crypto exchange Coinbase. In a new company blog post, Coinbase notes...

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Posted by | February 11, 2024
Major US Bank Pays $13,500,000 Settlement After Facing Federal Investigation on Illegal and Discriminatory Practices

The US Justice Department and the state of North Carolina are settling with a major US bank to resolve allegations that the lender discriminated against its community for years. In...

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Posted by | February 11, 2024
Impending Elections and Mass Stimulus To Be Very Positive for Crypto, Says Real Vision Founder Raoul Pal

Former Goldman Sachs executive Raoul Pal is detailing what he believes will be two positive catalysts for crypto assets in 2024. In a new interview on the Wealthion YouTube channel,...

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Posted by | February 10, 2024
US Regulator Slaps $512,500 Fine on Goldman Sachs, Says Bank Failed to Identify Potential Market Manipulation

One of the largest investment banks in the world will pay over half a million dollars for failing to adequately monitor trading activities – including instances of potential market manipulation....

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Posted by | February 10, 2024
New York Attorney General Triples the Size of Genesis and Digital Currency Group’s Alleged Fraud in New Amended Complaint

In a newly amended complaint, New York State Attorney General (AG) Letitia James alleges that investment giant Digital Currency Group (DCG) and its affiliate Genesis defrauded some 230,000 investors out...

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Posted by | February 8, 2024
US-Based Crypto Exchange Cracks Into Europe’s Fifth-Largest Economy With VASP Registration

A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration. In a new press release, crypto trading platform Kraken announced that it has obtained...

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Posted by | February 8, 2024
Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin...

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Posted by | February 8, 2024
Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and has ordered a retrial. According to a new press release,...

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