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Defunct Crypto Lender Silvergate Settles With Regulators For $63M Over Compliance Lapses
The owner of defunct crypto lender Silvergate Bank has agreed to a $63 million settlement with federal and state regulators over compliance…
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Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait
Mt. Gox has finally begun repaying its creditors in Bitcoin and Bitcoin Cash ten years after its dramatic collapse. The trustee of…
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Binance Faces Major Legal Hurdle As Judge Upholds Key SEC Charges
A federal judge has allowed most of the U.S. Securities and Exchange Commission’s (SEC) case against Binance to proceed, though she dismissed…
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Mt.Gox Trustee Announces Payments To Users In July
Defunct cryptocurrency exchange Mt. Gox will start processing payments for users starting early July. Payments to users will be in the form…
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US Taxman Introduces New Crypto Tax Rules For 2025
The US Treasury Department’s IRS has announced new tax regulations that will impact crypto brokers starting in 2025, Coindesk reported. While the…
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Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation
Consensys announced that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a…
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House Passes FIT21 Act To Define Crypto Regulations, Senate’s Approval Unclear
The Financial Innovation and Technology for the 21st Century Act (FIT21), also known as H.R. 4763, was passed by the House on…
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US Court Rules BitGo’s $100M Suit Against Galaxy Digital Can Proceed
The legal tussle between cryptocurrency custodian BitGo and financial services firm Galaxy Digital over their failed $1.2 billion merger deal will proceed,…
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Venezuela Cracks Down On Crypto Mining To Save Electricity
Venezuela’s Ministry of Electric Power has announced plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at…
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Crypto Lender Genesis To Return $3B In Bankruptcy Liquidation
US court granted Genesis Global approval to return approximately $3 billion in cash and cryptocurrency to its customers as part of bankruptcy…