Market News

Brazil is the largest crypto market in Latin America and the seventh-largest worldwide in terms of fiat currency trade.

Ripple chief executive Brad Garlinghouse expressed a conviction that regulatory action against Tether was imminent.

Donald Trump positioned himself as the pro-crypto candidate, drawing a clear line between himself and President Joe Biden and the Democrats.

The FTX debacle has also triggered a global wave of regulatory scrutiny, with governments rushing to implement stricter frameworks.

Coinbase argued that the transactions on its platform should not be considered securities, contending that they fall outside SEC regulations.

According to Mark Cuban, assigning all crypto regulation to the Commodities Futures Trading Commission (CFTC) would be a better option.

The Cardano founder criticized the government's actions over recent years, highlighting issues such as restricted access to bank accounts

Tether rebuked Deutsche's report, stating it "lacks clarity and substantial evidence" and relies on "vague assertions."

The Biden administration highlighted the importance of SAB 121 in addressing technological, legal, and regulatory risks.

SEC Chair Gary Gensler noted that despite the disparity in market size, crypto often dominates discussions and media coverage.

Rostin Behnam did not specify whether the CFTC or Securities and Exchange Commission (SEC) would lead the enforcement actions.

The poll from the Cardano founder garnered more than 12,000 votes within its first 24 hours with 66.3% in favor of the proposed integration.

In November 2023, Bitfinex encountered a minor information security incident when one of its customer support agents was hacked.

BTC-e was utilized to launder funds acquired from various criminal activities like computer hacking, ransomware attacks, and drug trafficking.

The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, becoming the sixth state to do so.

The SEC requested that Kwon and Terraform Labs pay roughly $4.7 billion in disgorgement and prejudgment interest. 

Changpeng Zhao resigned as Binance CEO and pleaded guilty to the felony charge as part of a settlement with U.S. authorities.

Terraform Labs argued that a $1 million civil penalty would be “far more appropriate” than the SEC’s multibillion-dollar proposal.