Guide on Crypto Custody Released by the Securities and Exchange Commission
SEC Issues New Cryptocurrency Custody Guide The U.S. Securities and Exchange Commission (SEC) released a new Investor Bulletin on Friday, focusing on best practices and potential risks related to cryptocurrency storage for retail investors. This bulletin discusses various custody methods, including self-custody versus using third-party services to store digital assets. Investors are advised to thoroughly […]
Do Kwon Sentenced to 15 Years for $40 Billion Crypto Crash as Victims Share Their Experiences
Do Kwon Faces Sentencing for Crypto Collapse Do Kwon was the central figure behind two digital currencies that ultimately collapsed, resulting in a staggering loss of $40 billion. He is set to be sentenced to 15 years in prison, a decision made after a judge characterized his actions at Terraform Labs as an “epic fraud” […]
Crypto leader Do Kwon receives 15-year prison sentence for $40 billion stablecoin scam
Do Kwon Sentenced to 15 Years in Prison for Crypto Fraud Former cryptocurrency entrepreneur Do Kwon received a 15-year prison sentence on Thursday after his cryptocurrency scheme unraveled, leading to a staggering $40 billion collapse. Victims shared how the 34-year-old financial technology expert exploited their trust, giving them a false sense of security regarding their […]
Crypto Mogul Do Kwon Gets 15-Year Prison Sentence
Korean Entrepreneur Sentenced for Fraud in Cryptocurrency Case Do Kwon, a prominent figure in the cryptocurrency world, was handed a 15-year prison sentence by a federal judge in New York on Thursday. He was led into the courtroom with a downcast demeanor, appearing thinner and wearing a bright yellow prison jumpsuit that contrasted sharply with […]
Crypto leader Do Kwon receives 15-year prison sentence for $40 billion currency failure
Do Kwon Sentenced to 15 Years for Cryptocurrency Fraud Do Kwon, the South Korean crypto entrepreneur behind two digital currencies that lost around $40 billion in 2022, was sentenced to 15 years in a New York federal court for fraud and conspiracy. This sentencing took place on Thursday. Kwon, aged 34 and co-founder of Terraform […]
Crypto entrepreneur Do Kwon faces sentencing for deceiving investors who lost billions in a stablecoin collapse.
Do Kwon to Be Sentenced for Misleading Investors NEW YORK – Do Kwon, the crypto figure involved in a major collapse in 2022, is set to be sentenced Thursday for deceiving investors, leading to massive losses in his cryptocurrency ecosystem. Kwon, often referred to as the “cryptocurrency king,” pleaded guilty after being indicted in federal […]
Top US Banking Regulator Says Efforts to ‘Weaponize Finance’ and Crypto Debanking Must Stop
Simply put The OCC discovered that nine prominent national banks either limit or refuse services to legitimate businesses, including those in the crypto sector, focusing on the industry instead of actual financial risk. This has sparked renewed fears regarding “Operation Choke Point 2.0,” as critics assert that regulators have subtly obstructed banks from servicing digital […]
Teachers Union Calls on Senate to Abandon Crypto Market Structure Bill
Simply put The American Federation of Teachers has called on Senate leaders to scrap the Responsible Financial Innovation Act, expressing concerns that it would undermine investor protections and put pensions at greater risk. The union argues that the legislation would dismantle important safeguards for traditional securities and permit the trading of tokenized stocks without the […]
Bitwise Moves Crypto Index Fund to NYSE Arca
BITW Launches as Major Crypto Index Fund BITW, established in 2017, features the top 10 cryptocurrencies by market cap, utilizing a strategy of ongoing screening and monthly rebalancing, as highlighted in a recent announcement. This fund aims to provide investors with diversified exposure to the cryptocurrency market. According to Bitwise’s chief information officer, many investors […]
SEC Chair Atkins States That Various Crypto ICOs Are Not Under the Agency’s Authority
Simply put SEC Chairman Paul Atkins stated that ICOs related to network tokens, digital collectibles, and digital tools should not be categorized as securities. His token taxonomy suggests that only tokenized securities would fall under SEC supervision, allowing many ICOs to instead be regulated by the CFTC. This perspective hints that ICO funding could see […]