Crypto Firm, Industry Group Sue US SEC for ‘Overreach’ on Digital Assets

Crypto Firm, Industry Group Sue US SEC for ‘Overreach’ on Digital Assets

A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and asking a judge to rule that digital assets traded on exchanges are not securities. Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance…

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital…

Credit Agricole’s CACEIS Registers as Digital Asset Custody Provider With French Regulator AMF

Credit Agricole’s CACEIS Registers as Digital Asset Custody Provider With French Regulator AMF

CACEIS, the asset servicing business owned by Credit Agricole and Santander, has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies. The company registered as a digital asset service provider (DASP) on June 20, according AMF’s website, adding a major traditional financial services…

Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas

Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million (roughly Rs. 4,100 crore) that will be used to develop green crypto mining in the Himalayan kingdom. Fund raising targeting institutional investors will begin at the end of May…

Former OpenSea Employee Made ‘Free Money’ Off NFTs, Says US Prosecutor

Former OpenSea Employee Made ‘Free Money’ Off NFTs, Says US Prosecutor

A former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make “free money,” a prosecutor said on Monday as an insider trading trial wound to a close. The charges against Nathaniel Chastain, a former…

Coinbase Clarifies to US SEC That It Does Not List Securities and Has Not Broken Any Securities Laws

Coinbase Clarifies to US SEC That It Does Not List Securities and Has Not Broken Any Securities Laws

Coinbase Global has reiterated its view to the US Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal said the crypto…

Google Admits Slump in Digital Assets Market Has Axed Ad Business

Google Admits Slump in Digital Assets Market Has Axed Ad Business

Google has acknowledged that crypto winter has negatively impacted the advertisement business. During its earnings call, Google’s parent company Alphabet said that the search engine giant registered merely six percent growth from ad revenues in the last quarter that ended in September. This figure is the lowest recorded by Google…

India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth

India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth

The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, Economic Affairs Secretary Ajay Seth said on Monday. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate…