Court Recognizes Two Cryptocurrencies as Commodities
The Illinois court recognized OHM and KLIMA as commodities. Sam Ikurti and Jafia were involved in a $44 million fraud…
Silvergate Bank Faces Regulatory Scrutiny and Penalties
Silvergate Bank faced investigations from multiple regulatory bodies. Penalties totaling $63 million were imposed on the bank. Former executives settled…
Coinbase Sues SEC and FDIC Over FOIA Requests
Coinbase sued SEC and FDIC for not complying with FOIA requests. Coinbase claims regulators destabilize cryptocurrency by cutting banking ties.…
FTX Halts Withdrawals and Faces Legal Proceedings
FTX halted withdrawals in November 2022. FTX creditors await the return of their cryptocurrencies. Creditors prefer payments in cryptocurrency over…
Turkish Parliament Discusses Cryptocurrency Regulation
Turkish Parliament is discussing a long-awaited cryptocurrency regulation. The regulation includes investor security and exchange responsibilities. Future discussions will address…
Julian Assange Gains Freedom After Agreement with US Department of Justice
Julian Assange gained freedom after a deal with the US Department of Justice. Assange spent seven years in the Ecuadorian…
CFTC Investigates Jump Crypto
The US and its institutions hold a significant place in the cryptocurrency market. The CFTC has started investigating Jump Crypto,…
SEC Softens Stance on Ethereum ETF Approval
The SEC showed leniency amid the upcoming US elections. The institution approved the Ethereum ETF, changing its stance. The hearing…
US Treasury Receives Billions from Crypto Companies
US coffers fill with billions from crypto companies. Gemini agrees to pay $50 million to settle fraud charges. BTC price…
SEC Imposes Multi-Billion Dollar Penalty on Terra
Terra faces a $4.5 billion penalty for its role in the 2022 crash. Do Kwon evaded multiple extradition orders from…
Turkish Crypto Investors Play a Significant Global Role
Turkish crypto investors play a significant global role. Tax regulation details focus on two formulas for taxing cryptocurrencies. The final…
Nigeria Drops Tax Charges Against Binance Executives
Nigeria dropped tax charges against Binance executives. Charges are now directed solely at Binance. Executives still face ongoing money laundering…
Turkish Finance Minister Announces Delay in Cryptocurrency Exchange Tax
Finance Minister announced delay in cryptocurrency exchange tax. Tax rate of 0.04% on transactions was mentioned. Decision made after feedback…
South Korean Court Upholds Sentences for Coinone Executives
The South Korean Supreme Court upheld sentences for two former Coinone executives. Executives were involved in a scandal over commissions…
Finance Minister Announces Taxation on Cryptocurrency Income
Türkiye has presented the cryptocurrency law to the Turkish Grand National Assembly. Minister Şimşek announced new measures to reduce the…
Michael Saylor Settles $40 Million Tax Fraud Case
Michael Saylor settled a $40 million tax fraud case with the District of Columbia. The lawsuit accused him of avoiding…
High-Profile Crypto Bankruptcies Generate Significant Legal Fees
High-profile crypto bankruptcies led to a surge in legal fees. Firms like Sullivan & Cromwell earned over $700 million from…
Congress Urges End to SEC’s Crypto Regulation Confusion
SEC members are frustrated with their institution's crypto regulation approach. FIT21 Act aims to define cryptocurrencies as commodities but faces…
US Extradites Two Crypto Fraudsters
The US extradited two Estonian crypto fraudsters. They allegedly ran a massive Ponzi scheme with HashFlare. Victims signed contracts worth…
Turkey Accelerates Cryptocurrency Regulation Efforts
Turkey is accelerating its cryptocurrency regulatory efforts. The draft law has been sent to the General Assembly of the Parliament.…
