Investors are loving SEC's crypto industry crackdown, according to survey

Critics have called out the SEC's "regulation by enforcement" tactics, but to some investors, it's a positive sign they're seeing to invest in digital assets.

View Details

Data Requested by US DOJ to Supplement Money Laundering Probe on Binance CEO: Report

A new report from Reuters has revealed that regulators from the United States Department of Justice (DOJ) had, in late 2020 requested information from Binance as it concerns its internal communications with respect to its Anti-Money Laundering (AML) systems (Read More)

View Details

Coinbase stock: COIN dumps amid fresh SEC probe

Coinbase (NASDAQ:COIN) stock has dumped more than 12% in intraday trading on Thursday, the company’s shares currently poised at $82.80. The downside has the stock losing around $11.30 since trading on Wall Street on Thursday.

Thursday’s losses for COIN come after Coinbase posted more than $1 billion in losses for Q2, the loss reflecting a downside of nearly $5 per share. This is also happening amid a broader lull across equities, with both S&P 500 and Nasdaq struggling to hold onto Wednesday’s gains.

The Coinbase stock is engulfed in a bearish battle, the dip coming after reports emerged the crypto exchange is being investigated by the SEC in relation to the platform’s staking programs.

In July, the SEC announced a probe against Coinbase over allegations of listing unregistered securities. This came days after the agency charged the exchange’s former product manager for insider trading, with the listing of nine alleged security tokens even seeing Binance US delist the Amp (AMP) token.

The latest investigation against Coinbase relates to its staking and yield farming services, the exchange noted in its Q2 report. According to the platform, the SEC had send “investigative subpoenas” asking for details and documents on the programs.

The negative news seems to be weighing COIN down and could see the token flip lower. The main support levels remain recent lows seen in July.

The post Coinbase stock: COIN dumps amid fresh SEC probe appeared first on Invezz.

View Details

Pantera Founder Under Tax Probe and Milei Accused of Fraud by Argentine Lawyers: A Legal Overview

Pantera Capital Co-Founder Faces Tax Investigation and Milei Fraud Charges: Decoding the Legal Situation Recently, Pantera Capital co-founder, Dan Morehead, found himself embroiled in a tax probe and facing fraud charges in relation to his involvement with Milei, a cryptocurrency project. This turn of events has left the crypto community in a state of shock [...]

The post Pantera Founder Under Tax Probe and Milei Accused of Fraud by Argentine Lawyers: A Legal Overview appeared first on Crypto Breaking News.

View Details

Pantera Capital Founder Under Investigation for $850M Crypto Profits in Tax Probe: Report

Pantera Capital CEO Under Investigation for Tax Compliance in Crypto Space The founder of Pantera Capital, a prominent cryptocurrency investment firm, is currently under scrutiny for potential tax issues related to digital assets. The CEO, Dan Morehead, is facing an investigation by the Internal Revenue Service (IRS) in the United States, particularly focusing on his [...]

The post Pantera Capital Founder Under Investigation for $850M Crypto Profits in Tax Probe: Report appeared first on Crypto Breaking News.

View Details

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela is still ongoing. Argentina Registers 104.3% Inflation In March

The post Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues appeared first on BTC Ethereum Crypto Currency Blog.

View Details

US DOJ and SEC launch inquiries into Silicon Valley Bank collapse

The DoJ and SEC have started investigations into the sudden collapse of Silicon Valley Bank and the stock sales made by its financial officers leading up to its closure. The probes are in their early stages and may not result in charges or allegations of wrongdoing. (Read More)

View Details

Unsubstantiated Tether investigation report shakes crypto market

Old noise may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations.

View Details

Coinbase reportedly informs users of CFTC subpoena involving Polymarket

Coinbase may be required to send certain information related to user accounts to the CFTC in response to a subpoena related to Polymarket.

View Details

CZ Says News of Exec Departures at Binance Is FUD

Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading platform that has affected its market share. CZ Comments

The post CZ Says News of Exec Departures at Binance Is FUD appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Binance Reportedly Investigated in US for Russia Sanctions Violations

Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department

The post Binance Reportedly Investigated in US for Russia Sanctions Violations appeared first on BTC Ethereum Crypto Currency Blog.

View Details