The SEC is suing the cryptocurrency exchange for alleged unregistered securities offerings. According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a…

Projects are racing to create legal coin mixers that preserve privacy while revealing just enough data to stay on the right side of the law. When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But theyre back and…

The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network. Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked…

Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming. Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a…

The SEC lawsuit alleges that Coinbase operates as an unregistered securities exchange, broker and clearing agency. The United States Securities and Exchange Commission (SEC) has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities.The SEC lawsuit alleged that Coinbase has never registered as a broker, national securities exchange…

Makoto Inoue highlighted that Web3 socials are not limited to online platforms but can also be applied offline, keeping records of people’s meetings on the blockchain. As decentralized social media is one of the central topics at KryptoSeoul’s Buidl Asia event held in South Korea, Cointelegraph spoke with Ethereum Name…

The SEC lawsuit comes just months after the CFTC lawsuit against Binance, mounting its regulatory woes in the United States. The United States Securities and Exchange Commission (SEC) has filed charges against Binance, its U.S.-based exchange entity and its CEO, Changpeng “CZ” Zhao, for violating securities laws. On June 5, the SEC…

The U.K. prime minister’s AI task force adviser said large AI models would need regulation and control in the next two years to curb major existential risks. The artificial intelligence (AI) task force adviser to the prime minister of the United Kingdom said humans have roughly two years to control…

The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows. The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance — accusing the crypto exchange of violating various securities laws — has directly impacted the…

Discover a wealth of graphic design knowledge and unleash your creativity with these five YouTube channels. Learning graphic design is a valuable skill in today’s digital age. It involves creating visual content for various purposes, including advertising, branding, web design, and more. Whether you’re a beginner or looking to enhance…

Bitcoin is looking ripe for a trip to its lowest levels since March, say market participants, with BTC price action staying below $26,000. Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over the largest exchange, Binance, lingered.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewBTC price…

Major crypto exchange Kraken investigated an issue with crypto funding gateways, including BTC, ETH, and ERC-20, with users experiencing delays in deposits and withdrawals. Update: Kraken fixed the gateway-related issues as of 8:35 am UTC, with operations returning back to normal.Cryptocurrency exchange Kraken said it investigated an issue with several…

A front-bench member of the United Kingdom’s opposition Labour Party says artificial intelligence should be licensed and regulated similarly to the pharmaceutical and nuclear industries. Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical and nuclear industries, according to a representative of Britain’s largest…

In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of Congress raised concerns about the tax compliance practices in crypto. Two members of the United States Congress have penned a letter to the heads of the Treasury and the Internal Revenue Service, demanding…

Stolen crypto from Atomic Wallet users are already on the move to mixers, according to Elliptic. Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.On June 5, blockchain compliance analytics firm…

Amid regulatory uncertainty, the approval has been seen as a small win for the United States crypto market and institutional investors. Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) approved by the United…

Total liquidations have topped $280 million in 12 hours on June 5 as crypto market sentiment has turned more fearful. The Crypto Fear and Greed Index — a tool that measures broader market sentiment toward Bitcoin and the broader crypto market — has dipped to a level of “fear” not…

Coinbase Chief Legal Office Paul Grewal reiterated that the “U.S. is falling behind” and is at risk of driving jobs, innovation and investment overseas. Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill. The…

With its latest suit against Binance, the United States Securities and Exchange Commission has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market. The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached…

The tech giant finally dropped details of its new pricey mixed-reality headset during the Worldwide Developers Conference, though it made no mention of the word “metaverse.” Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on…

United States Attorney Damian Williams says the lies of the former Minnesota Vikings co-owner exposed the U.S. financial system to “serious risk.” Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over…

New details revealed in the SEC complaint could explain why Brian Brooks abruptly stepped down as CEO of Binance.US in 2021, a crypto lawyer suggests. The SEC’s latest complaint against Binance could point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, only three months…

The world’s largest cryptocurrency exchange has been hit with an SEC suit that many saw coming, but the details will be studied closely. The announcement of the United States Securities and Exchange Commission (SEC) suit against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ) may have surprised the crypto community,…

Binance betrayed our interests with its decision to delist privacy coins. In the long run, it may mean that users leave Binance in the dust. Binance announced in May that it would delist so-called “privacy coins” such as Monero (XMR), Zcash (ZEC) and others in several countries, including France, Italy, Spain…

Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in. Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a…