Category: crypto exchange

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CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities

CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as CommoditiesThe U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]

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Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets

Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody WalletsNew York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […]

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Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations

Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering ViolationsThe Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […]

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Suspicious Activity Surrounds BitForex Cryptocurrency Exchange

A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange.  Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was abruptly halted, leaving users puzzled without any official communication or notice from the exchange. Seeing some suspicious activity with the crypto exchange @bitforexcom. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having

The post Suspicious Activity Surrounds BitForex Cryptocurrency Exchange appeared first on The Merkle News.

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Boyaa Interactive Ventures Into Cryptocurrency Space With $100 Million Investment Plan

Hong Kong-based company Boyaa Interactive, famous as China’s largest board and card game manufacturer, is poised to make a substantial introduction to the universe of cryptocurrencies. The company has brought out plans to invest $100 million in digital assets, principally focusing on top cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Notably, as a leading creator of online card games, Boyaa Interactive joins a growing cohort of publicly traded companies exploring opportunities in the digital asset market. The decision to dive into cryptocurrencies has been formalized by the company’s board of directors. So, now it’s only awaiting endorsement from shareholders.

The post Boyaa Interactive Ventures Into Cryptocurrency Space With $100 Million Investment Plan appeared first on The Merkle News.

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