Terraform Co-Founder Do Kwon Found Responsible for Civil Fraud: Reports

Terraform and its co-founder, Do Kwon, were found responsible for civil fraud charges on Friday. The case was brought against them by the Securities and Exchange Commission (SEC) last year. In February 2023, the SEC charged Terraform Labs and Kwon over the algorithmic stablecoin Terra USD, which collapsed dramatically a year earlier. Civil Fraud Verdict…

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Trial of Binance Executive Delayed in Nigeria

Legal proceedings in the cryptocurrency market persist as Nigerian authorities have postponed the trial of a Binance executive to April 19. The executive, along with others, was detained by Nigerian authorities following allegations. Governments worldwide are taking significant legal actions in the cryptocurrency markets, shaping the future of digital currencies. In Nigeria, the trial of…

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CFTC Engages in Another Dispute with SEC Regarding KuCoin

The CFTC and SEC are at it again, this time focusing on KuCoin. Caroline Pham from the CFTC hinted that their actions might upset the SEC. Despite expectations of regulatory harmony, tensions are evident.┬áThe CFTC, overseeing commodity derivatives, hit KuCoin with numerous charges under the Commodity Exchange Act (CEA) and CFTC regulations, alongside criminal charges…

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Bitcoin’s Status in China Amid Chinese Government Crypto Warning

The Chinese government, through its state-sponsored media agency, Economic Daily, has once again cautioned against investing in cryptocurrencies despite the current bullish market conditions. This warning comes despite China’s purported ban on crypto trading and mining implemented in 2021. Despite the ban, China continues to be one of the largest digital asset markets globally. This…

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Chinese Authorities Warn Public About Crypto Scams amid Crackdown

Authorities in Dalian, a city in China’s Liaoning province, issued a warning to investors about fraudulent schemes posing as crypto or metaverse investment opportunities. The notice, released by Chinese financial regulators and local police, cautions investors to be cautious of “illegal fundraising activities” that promise high returns through cryptocurrency and metaverse investments. This alert comes…

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