cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
August 12, 2024  |  Cryptocurrency

The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on...

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Fed Action Against Customers Bank Underscores Crypto’s Challenges
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024  |  Cryptocurrency

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers...

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Aelf and ChainGPT Partner to Add AI Chatbots to Blockchain
Aelf and ChainGPT Partner to Add AI Chatbots to Blockchain
August 09, 2024  |  Blockchain

Aelf and ChainGPT have partnered to add chatbots, non-fungible token (NFT) and smart contract generators, and other artificial intelligence (AI) technologies to aelf’s blockchain network. This...

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Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit
Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit
August 09, 2024  |  Cryptocurrency

One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and...

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Fed Enforcements Now Focus on Instant Payments and Tokens
Fed Enforcements Now Focus on Instant Payments and Tokens
August 09, 2024  |  Bank Regulation

A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges...

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Robinhood CEO Says Company Responded to SEC Wells Notice
Robinhood CEO Says Company Responded to SEC Wells Notice
August 08, 2024  |  Cryptocurrency

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of...

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FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
August 08, 2024  |  Legal

FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel,...

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Robinhood Surfs Meme Stock Wave With Retail and Crypto
Robinhood Surfs Meme Stock Wave With Retail and Crypto
August 07, 2024  |  Earnings

On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for...

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Ripple CEO Hails Court Ruling in Case Brought by SEC
Ripple CEO Hails Court Ruling in Case Brought by SEC
August 07, 2024  |  Cryptocurrency

Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the...

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