Former Celsius CEO Alex Mashinsky has asked to get testimony from six witnesses who previously worked at the crypto firm as he is set to possibly face a prison sentence of over 100 years. Mashinsky was arrested last year after prosecutors said he defrauded customers and misled them about Celsius’ …
regulation
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The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate. The Markets in Crypto Assets (MiCA) regulation, recently approved by the European Union, aims to create a …
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Stablecoin issuer Circle had added support for its Bridged USDC Standard on Sony’s Ethereum layer-2 network Soneium. Sony Block Solutions Labs to integrate Bridged USDC Standard on Soneium, a public Ethereum layer 2 blockchain ecosystem. The partnership with Sony Block Solutions Labs, the team behind the new L2, will make …
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The Commodities Futures Trading Commission (CFTC) recently introduced a proposed rule targeting prediction markets, which led to Kalshi becoming the latest platform affected. This uncertainty has begun to impact Polymarket, raising concerns about its future in the current regulatory environment. According to Dune, Polymarket has seen a significant drop in …
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Singapore Launches Investigation into Worldcoin Account Sales for Potential Regulatory Violations
by Wayne Jonesby Wayne JonesSingaporean authorities have launched an investigation into the sale of Worldcoin accounts and tokens, suspecting that such activities may breach the country’s Payment Services Act (PS Act) of 2019. The probe centers around seven individuals allegedly involved in the unauthorized sale of Worldcoin-related services, including third-party transactions of accounts and …
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Trading app eToro recently reached a settlement with the US Securities and Exchange Commission. The SEC announced Thursday that eToro “agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain …
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This week’s roundup highlights Argentina’s efforts to protect cryptocurrency scam victims, Bancolombia’s integration of the Solana and Arbitrum networks, along with other key stories. Bancolombia’s Wenia Expands with Solana and Arbitrum Integration Bancolombia’s crypto platform, Wenia, has expanded its offerings by integrating the Solana and Arbitrum networks, allowing users to …
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Announced in a September 13 post on X (formerly Twitter), the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. Coinbase Creates NFT Legal Defense Fund as SEC Crackdown Intensifies The initiative comes in response to increasing regulatory scrutiny, including a Wells notice issued to …
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In a recent interview with BeInCrypto, Siu highlighted the stark contrast between Eastern and Western attitudes. He also offered valuable advice for aspiring artists in the age of AI. As a global leader in blockchain and gaming, Siu’s vision for the future of blockchain technology was evident in his discussion …
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Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, announced that the Central Bank and the Ministry of Finance of the Russian Federation are working on bylaws to establish rules for cross-border payments in cryptocurrency. The government aims to finalize these regulations by the end of November. Russia Recognizes …