Cryptocurrency trading platform Coin Cafe has been ordered to repay its users $4.3 million for allegedly charging “exorbitant and undisclosed fees” for storing bitcoin on the platform — causing some accounts to be completely drained of funds.
FTX's leadership hopes to recover more than $240 million from insiders and executives who benefited from FTX's “crazy inflation” acquisition of stock clearing platform Embed in September.
During the Bitcoin 2023 event in Miami on May 18, three speakers at an industry day discussed government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”
Italy has gone back and forth on the emergence of artificial intelligence (AI) after the country's lawmakers announced funding for those at risk of losing their jobs to automation.
Financial services company Wells Fargo has settled a class action lawsuit, agreeing to pay $1 billion to shareholders. The suit charges the bank misled shareholders about its efforts to resolve a 2016 fake-accounts scandal.
Two prominent crypto asset managers Grayscale Investments and Bitwise Asset Management have halted their Ether, Futures exchange-traded fund (ETF) schemes have come under increasing scrutiny from US regulators.
Self-regulatory group CryptoUK and cryptocurrency exchange Kraken have slammed a recent report by a group of UK lawmakers that suggested cryptocurrencies should be regulated in a similar way to gambling.
Defense attorney and former US Attorney James K. Filan expects documents of the infamous Hinman speech to be publicly released by June 6, citing a previous court order.
The US Securities and Exchange Commission (SEC) has asked Grayscale Investments to withdraw its application for the Filecoin Trust, warning that its underlying asset Filecoin, can be regarded as a kind of security.
According to multiple local media reports, Pakistani Minister of State for Finance and Taxation Aisha Ghaus Pasha said at a meeting of the Senate Standing Committee on Finance and Taxation on May 16
According to the South China Morning Post, a subsidiary of Greenland Holdings is applying for a virtual asset trading license in Hong Kong. It is the first Chinese state-owned company to do so.
On May 15, the Supreme People's Procuratorate of the People's Republic of China the state agency responsible for legal prosecutions shared its views on the non-fungible token (NFT) market.
Trading of so-called "unsecured cryptoassets" such as Bitcoin and ether. It should be regulated as gambling rather than a financial service, a group of British lawmakers said in a new report.
Sam Altman, CEO of OpenAI and co-founder of Worldcoin, recently tested before Congress along with Christina Montgomery, IBM's director of trust, and NYU professor Gary Marcus.
Disgruntled creditors of bankrupt cryptocurrency lending firm BlockFi have filed a new court filing in response to the company's latest restructuring plan.
Bitcoin Users have gained a potentially more efficient way to mint new assets on the blockchain after Lightning Labs released an updated version of its recently rebranded Taproot asset protocol.
