South Korea’s new crypto law targets rapid price manipulation as the Financial Services Commission reports the first suspect under the Virtual Asset User Protection Act. South Korea Enforces New Crypto Law Against Price Manipulation South Korea has reported its first case under the Virtual Asset User Protection Act, accusing an individual of manipulating cryptocurrency prices.…

Federal court ruling returns $9 billion in bitcoin to Bitfinex following the 2016 hack. Learn more about the restitution process and claim deadline. Federal Court Decision Marks Major Step Toward Cryptocurrency Restitution A U.S. federal court has ruled that 94,643 bitcoins, valued at over $9 billion, will be returned to Bitfinex, following a voluntary restitution…

Tether has filed a lawsuit against Swan Bitcoin in the UK High Court, citing breaches of agreements. Learn about the escalating legal dispute and its implications for the cryptocurrency industry. Legal Dispute Highlights Growing Tensions in the Crypto Sector Tether, the world’s largest stablecoin issuer, has reportedly filed a lawsuit against Swan Bitcoin in the…

The SEC appeals the XRP ruling, challenging retail investor classifications. Ripple dismisses the move as repetitive and signals confidence in thriving despite ongoing litigation. The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle against Ripple Labs, filing an appeal to challenge a recent district court ruling on XRP token classifications. The SEC’s…

A Russian natonal was sentenced to seven years in prison for high treason after using cryptocurrency to fund Ukraine’s Armed Forces. Russian National Sentenced To Prison A Russian national has been sentenced to seven years in prison for high treason after using cryptocurrency to fund the Ukrainian Armed Forces, marking one of the first cases…

Gary Gensler, SEC Chair, warns that thousands of crypto projects are likely to fail, citing their speculative nature and lack of solid foundation. SEC Chair’s Dire Crypto Warning: Thousands Will Fail Gary Gensler, the outgoing chair of the U.S. Securities and Exchange Commission (SEC), has issued a stark warning about the cryptocurrency industry, predicting widespread…

Trump’s first-day executive orders aim to dismantle Biden’s crypto policies, including SAB 121. Learn how this shift may redefine U.S. cryptocurrency regulation. The Trump administration reportedly plans to issue executive orders on its first day in office to dismantle Biden-era cryptocurrency regulations, signaling a shift in U.S. crypto policy. Key Crypto Regulations in Crosshairs According…

The SEC has postponed its decision on the Bitwise 10 Crypto Index ETF until March 3, 2025, citing the need for a thorough review. Learn about the proposal's implications for crypto ETF. SEC Postpones Bitwise 10 Crypto Index ETF Decision The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on…

Mosaic Exchange Ltd. and CEO Sean Michael fined $1.1M for crypto fraud. Learn about the CFTC case and investor protections. CFTC Acts Against Mosaic Exchange The Commodity Futures Trading Commission (CFTC) announced Monday that Mosaic Exchange Ltd. and CEO Sean Michael have been ordered to pay over $1.1 million in penalties following accusations of operating…

Treasury nominee Scott Bessent reveals up to $500K in BlackRock Bitcoin ETF investments, sparking debates about cryptocurrency's role in U.S. economic policy. Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, has disclosed a personal investment of between $250,001 and $500,000 in BlackRock’s bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT). This revelation, included…