Lawyers, execs explain how BitMEX news could help Bitcoin ETF chances
On Thursday, the industry was shocked by the news that leading Bitcoin derivatives exchange BitMEX was formally charged by the U.S. Commodities and Futures Trading Commission (CFTC) over concerns around derivatives and anti-money laundering violations. Simultaneously, the co-founders of the exchange, including Arthur Hayes,...
CFTC charges BitMEX with illegally operating an unregistered trading platform
The U.S. Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures. According to the lawsuit, five entities and three individuals were charged, which include...
South Korean regulators are not excited about Ethereum NFTs
If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price.And while NFTs, especially in their current iteration of...
Mark Cuban-backed $31 million ICO “Unikrn” agrees to US SEC fines
Unikrn, a Seattle-based e-sports platform, has agreed to pay a $6 million fine to settle a complaint by the US Securities and Exchange Commission that said it raised $31 million by selling unregistered securities, according to a release.$6 million fine agreedThe firm previously boasted...
Square Launches Cryptocurrency Open Patent Alliance To Protect Innovation
Today, mobile payments company Square launched the Cryptocurrency Open Patent Alliance (COPA), a non-profit focused on keeping patents from becoming barriers to innovation in the space.“Crypto organizations (or even governments) have filed for hundreds of patents on cryptocurrency technology and continue to do so...
Report indicates banks launder more money than Bitcoin and other cryptos
A new report out of Mexico noted that financial institutions and banks launder a huge amount of money compared to newer financial businesses, according to El Economista.To read the rest of this article, join CryptoSlate Edge. Have an account? Sign In.
Join CryptoSlate Edge for...
Do The IRS Crypto Tax Letters Violate Taxpayer Rights?
This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now!Earlier this week, crypto tax preparation service CoinTracker shared news that its users were receiving letters from the Internal Revenue Service warning...
Bitcoin exchanges might soon share money laundering data in the UK
In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering.Bitcoin under the scannerAccording to a said on August 24, the FCA plans to...
Coinbase CEO says Apple is too “restrictive” towards cryptocurrencies
Coinbase CEO Brian Armstrong said tech giant Apple has “restrictive” policies towards the cryptocurrency sector, as per a tweet this weekend.Armstrong calls out AppleArmstrong called out Apple’s policies against cryptocurrencies and other applications on its AppStore. The firm has previously come under fire by...
Bitcoin-critic China moved $50 billion in Tether fearing capital flight rules
Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC.China tethers upChainalysis, the on-chain crypto analytics company, provided data for the report. It stated that Chinese investors were transferring more money than allowed...
