Kraken, one of the leading cryptocurrency exchanges globally, has announced an exciting venture into decentralized finance (DeFi) with its upcoming blockchain project named Ink, scheduled to launch in early 2025. This strategic move marks a significant departure from Kraken’s traditional centralized operations, focusing instead on empowering users to trade, borrow, and lend assets without the […]
Binance Partners with Delhi Police to Uncover $100,000 Solar Scam
In a significant crackdown that highlights the intersection of finance and fraud, Binance, the world-renowned cryptocurrency exchange, has joined forces with the Delhi Police to expose a fraudulent scheme that has cost investors a staggering $100,000. The scam, perpetrated by a company claiming to be “M/s Goldcoat Solar,” was cleverly designed to exploit India’s burgeoning […]
Mango DAO and Blockworks Foundation Face SEC Settlement for Unregistered Sales
In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has successfully reached a settlement with Mango DAO and Blockworks Foundation concerning the unregistered sale of MNGO tokens, which are classified as securities. This case underscores the growing scrutiny on decentralized finance (DeFi) platforms and their compliance with existing laws, hinting at a […]
China’s Former Finance Minister Urges Caution as Crypto Regulation Evolves Globally
Former Chinese finance minister Lou Jiwei has recently expressed significant concerns regarding the impact of cryptocurrencies on the global financial system. Speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou emphasized the need for cautious regulation amid the ongoing evolution of cryptocurrency markets and policies worldwide. Lou’s remarks were largely influenced by […]
### TrueCoin and TrustToken Fined by SEC: Implications for the Crypto Landscape
TrueCoin and TrustToken, significant players in the cryptocurrency sector, have recently come under scrutiny by the U.S. Securities and Exchange Commission (SEC). The regulator has imposed fines on both companies due to their misleading promotions of the TrueUSD stablecoin and the TrueFi decentralized finance platform. This controversial case underscores the ongoing tension between regulatory authorities […]
Australian Court Rules Against Kraken Crypto Exchange Operator
In a pivotal ruling, Australia’s Federal Court determined that Bit Trade Pty, the operator of Kraken’s cryptocurrency exchange in Australia, did not comply with the national design and distribution obligations for its margin trading product. This case, initiated by the Australian Securities and Investments Commission (ASIC) in September 2023, underscores the increasing scrutiny of cryptocurrency […]