Cryptocurrency Archives - Page 2 of 12

Feds investigating crypto exchange Kraken for allegedly violating Iran sanctions

Jack J. Kelly Cryptocurrency, Digital Assets, Iran, Sanctions July 28, 2022

Cryptocurrency exchange Kraken is being investigated by federal authorities over suspicions that it violated U.S. sanctions by allowing users in Iran to buy and sell digital assets, according to a new report. The New York Times reported Tuesday that the Treasury Department’s Office of Foreign ...Read More

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European crypto regulator raises concerns over finding qualified staff

admin Cryptocurrency, Regulators July 27, 2022

The European Banking Authority (EBA), the entity mandated with regulating cryptocurrencies in the region, has raised concerns over its ability to carry out the task citing a lack of staff and logistical challenges. EBA’s chair José Manuel Campa has revealed that the institution has challenges ...Read More

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Former Coinbase Employees Arrested, Company Pushes Back on SEC’s Legal Argument

admin Coinbase, crypto, Cryptocurrency July 25, 2022

The Securities and Exchange Commission on Thursday announced insider trading charges against former Coinbase employee Ishan Wahi, as well as his brother, Nikhil Wahi, and his friend, Sameer Ramani. Also on Thursday, the Department of Justice announced the unsealing of an indictment with charges for wire fraud and wire fraud ...Read More

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Tales From The Crypto: Trapped Celsius Customers Share Financial Horrors

admin crypto, Cryptocurrency, Uncategorized July 25, 2022

Liquidity-challenged crypto lender Celsius Network filed for Chapter 11 bankruptcy protection earlier this month in the Southern District of New York – over a month after it halted customer withdrawals, citing “extreme market conditions.” The filing came just nine days after crypto broker Voyager Digital ...Read More

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Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges

Jack J. Kelly Cryptocurrency, Insider Trading July 21, 2022

The U.S. Department of Justice (DOJ) charged former Coinbase (COIN) product manager Ishan Wahi, his brother Nikhil Wahi and Sameer Ramani on allegations of wire fraud and insider trading on Thursday. The DOJ alleged in a press release that Ishan Wahi shared information about what crypto ...Read More

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Elon Musk’s Tesla sells most of its Bitcoin holdings

admin Cryptocurrency July 21, 2022

The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. It is backing away as the value of the cryptocurrency has plunged, falling by more than 50% this year. Tesla said it bought ...Read More

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SEC Commissioner Allison Herren Lee steps down

Jack J. Kelly Climate Change, Cryptocurrency, SEC, Securities and Exchange Commission, Whistleblower July 18, 2022

Allison Herren Lee stepped down from her position as a Commissioner of the Securities and Exchange Commission (SEC) today. Lee announced her planned departure in March of this year with plans to take up a visiting professorship in Italy. She had delayed the opportunity to take ...Read More

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Celsius becomes third major crypto firm in two weeks to file for bankruptcy

Jack J. Kelly Bankrupt, Cryptocurrency July 14, 2022

Crypto lender Celsius Network has initiated bankruptcy proceedings, the company said Wednesday night, marking the third high-profile crypto firm to do so in the last two weeks. The New Jersey-based firm filed bankruptcy under Chapter 11 with the Southern District of New York, stating it has $167 ...Read More

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Two Prominent Crypto-Fund Managers Are on the Lam

Jack J. Kelly Assets, Cryptocurrency, Hedge Fund, Scandal July 13, 2022

In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up. The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows ...Read More

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Crypto lender Celsius is a ‘Ponzi scheme’ that used customer funds to manipulate token prices, former employee says in lawsuit

Jack J. Kelly Cryptocurrency, DeFi, Lawsuit, Ponzi Scheme July 12, 2022

Celsius Network, the crypto lender that froze assets last month, used customer funds to manipulate the price of its proprietary token and lost hundreds of millions of dollars by failing to hedge risk, a former money manager for the company said in a lawsuit. Celsius amassed more than ...Read More

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