Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized

Indian Regulator SEBI Asks Mutual Fund Companies Not to Invest in Crypto Before Legislation Is FinalizedThe Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board […]

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Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex Wallet

Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex WalletThe Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms. Wex Victims Try to Freeze $46 […]

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Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies

Crypto Exchange Liquid Hacked, Loses Millions in Various CurrenciesJapanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker’s addresses and said it’s moving funds to cold storage. Hacker Hits Japanese Crypto Exchange Liquid Asian cryptocurrency exchange Liquid Global has confirmed it […]

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JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients

JPMorgan Begins Offering 5 Cryptocurrency Funds to ClientsGlobal investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds […]

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Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of MayTaxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in PrisonThe founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian […]

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Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison

Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US PrisonA cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund Manager Arrested for Running […]

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