The expansion gives traders more options on a single platform Kraken is venturing out of cryptocurrencies as it introduces stock and ETF trading on its platform, signaling expansion into more mainstream investment vehicles. This extends another layer to the products of the cryptocurrency exchange and provides users looking for a one-stop-shop experience for digital and
Waylon Wilcox has admitted to submitting false tax returns in 2021 and 2022 A Pennsylvania man who made millions trading NFTs is now facing serious prison time after admitting he didn’t report much of that income to the IRS. Waylon Wilcox, 45, pleaded guilty this week to filing false tax returns for 2021 and 2022,
The US Senate has confirmed the nomination of Paul Atkins to head the securities regulator Paul Atkins has officially been confirmed by the US Senate as the next chair of the Securities and Exchange Commission (SEC). The vote, which ended 52-44, mostly followed party lines. Atkins, a former Wall Street consultant with a clear interest
A federal judge has agreed to allow the legal dispute to come to an end Shaquille O’Neal has reached a settlement worth $11 million in a class-action lawsuit involving the Astrals NFT project, which he helped launch and promote. A federal judge in Florida signed off on the agreement, bringing an end to the legal
Crypto attorney James Murphy believes the government knows Satoshi’s true identity A lawsuit has been filed against the US Department of Homeland Security (DHS) by crypto attorney James Murphy, who is demanding records that could reveal whether the agency knows the identity of Bitcoin’s creator, Satoshi Nakamoto. The case hinges on comments made in 2019
Failure to complete required KYC documents could cost some victims a lot of money Nearly 400,000 former users of the failed crypto exchange FTX could lose out on more than $2.5 billion in repayments due to not starting the required identity verification process. According to a recent filing in the US Bankruptcy Court in Delaware,
The move comes as the SEC retreats from its anti-cryptocurrency position Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is set to expand its presence with a new office in Miami’s Wynwood Art District. The move marks a shift toward the Florida crypto scene and comes during a period when the firm may
More than two dozen states are now reviewing cryptocurrency reserve legislation Lawmakers in Alabama and Minnesota are considering new bills that could allow their states to invest in Bitcoin, adding to a growing trend across the country. Both states introduced legislation on April 1, with Minnesota’s Bitcoin Act (HF 2946) and Alabama’s Senate Bill 283
The decision is another example of how the US is changing its stance on cryptocurrency Kentucky has officially dropped its case against Coinbase, making it the third state to do so in recent weeks. The state’s Department of Financial Institutions filed the motion to dismiss yesterday, following similar moves by Vermont and South Carolina. This
The move is a result of changing regulations guiding crypto activity in the EU Binance has removed Tether’s USDT trading pairs in the European Economic Area (EEA) as part of its efforts to comply with the Markets in Crypto-Assets Regulation (MiCA). The decision is part of a broader initiative to align with regulatory standards, impacting
The US continues to shift its stance on the regulator guidance of digital assets The regulatory landscape for cryptocurrency in the US is shifting, with two major agencies easing restrictions on digital asset-related activities. The Federal Deposit Insurance Corporation (FDIC) and the Commodity Futures Trading Commission (CFTC) have both taken steps to allow financial institutions
The move is the latest of several made as the agency rethinks its cryptocurrency approach The US Securities and Exchange Commission (SEC) has officially closed its investigation into Coinbase. The news marks a significant shift in the regulatory landscape for the cryptocurrency industry. The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being
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