New York Attorney General Letitia James has secured a $5 million settlement from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product called CredEarn. The settlement, announced May 4, 2026, requires Uphold to compensate affected customers who lost money when the underlying company, Cred LLC, collapsed. How the scheme worked Between January […]
South Korea's cryptocurrency industry has raised alarms over proposed Anti-Money Laundering (AML) rule changes, warning that the new requirements could overwhelm exchanges with an estimated 5.4 million suspicious transaction reports annually, according to a Yonhap News report on May 4, 2026. The Digital Asset eXchange Alliance (DAXA), representing 27 registered virtual asset service providers (VASPs) […]
The US crypto industry will survive and thrive even if the CLARITY Act fails to pass Congress. That is the view of Chris Perkins, CEO of 250 Digital Asset Management. Speaking on Cointelegraph’s Chain Reaction podcast on May 3, 2026, Perkins expressed confidence in the sector’s future. He pointed to ongoing work by top regulators. […]
The CLARITY Act stablecoin yield rules have been finalised. This marks a major step for the crypto bill. Industry leaders now say it is ‘go time’ for the legislation. CLARITY Act stablecoin yield provisions published US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text on May 2, 2026. The document aims […]
Major cryptocurrency exchanges Binance and Bitget have launched investigations into trading activity surrounding the RAVE token, following allegations of a coordinated pump-and-dump scheme. The probe, confirmed on April 19, 2026, comes as the token’s issuer, RaveDAO, publicly denies any role in the asset’s violent price swings. This incident highlights ongoing concerns about market integrity in […]
Polymarket, a major cryptocurrency-based prediction market, faced intense criticism and removed a market speculating on the fate of a missing US service member. The platform cited “integrity standards” but provided no specific rule violation, sparking user confusion and highlighting ongoing regulatory gray areas for these speculative platforms. Polymarket removes controversial military market On April 3, […]
LONDON, March 15, 2026 — The cryptocurrency environment shifted today following a major announcement from payments giant Mastercard. The company confirmed a strategic integration to enable direct cryptocurrency spending via popular web3 wallet MetaMask. This development, signaling a major leap toward mainstream digital asset adoption, immediately rippled through crypto markets. Consequently, trader attention has pivoted […]
Singapore, March 2025: In a forceful and detailed rebuttal, Binance CEO Richard Teng has publicly challenged a Wall Street Journal report alleging compliance failures at the world’s largest cryptocurrency exchange. The executive labeled the publication’s claims as “defamatory and inaccurate,” specifically denying reports that the company fired staff over sanctions-related cases. This confrontation marks a […]
Global, March 2025: In a significant move for the digital asset sector, Tether Operations Limited, the issuer of the world’s largest stablecoin, has officially halted the creation of its CNH₮ stablecoin and established a definitive final redemption deadline of February 2027. This decision marks the end of a multi-year experiment with an offshore yuan-pegged digital […]
Amsterdam, Netherlands – April 2025: In a decisive regulatory crackdown, the Netherlands has officially banned the crypto-based prediction market platform Polymarket. Authorities have ordered an immediate shutdown of its services nationwide and imposed the threat of severe, escalating weekly fines for non-compliance. This landmark enforcement action, rooted in a court ruling that classifies Polymarket’s event […]
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