US regulators investigating FTX structure and client funds’ handling

    US financial regulators are investigating whether embattled crypto exchange FTX properly handled customer funds and its relationship with other parts of the business empire of Sam Bankman-Fried, Bloomberg sources reported. The SEC also scrutinizes Binance’s move to buy FTX. The investigations by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission…

    Nasdaq postpones the launch of the crypto exchange, waiting for regulation clarity

    Stock exchange Nasdaq has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said the company’s executive vice president Tal Cohen. Nasdaq announced last month it would focus on crypto custody. As Cohen told Bloomberg, the retail side of the crypto market is fairly saturated and enough crypto exchanges…

    Kim Kardashian pays $1.26 million to settle SEC charges for crypto promo

    TV star Kim Kardashian has paid $1.26 million to the US SEC to settle charges relating to her promotion of EthereumMax. Moreover, Kardashian must not promote any cryptocurrencies for three years. According to a Monday press release, the SEC had filed charges against the “Keeping Up With the Kardashians” star for not disclosing the $250,000…

    SEC rejects Grayscale Bitcoin spot ETF, while Jacobi announces the first Bitcoin ETF in Europe

    Bitcoin fell over 5% following the US Securities and Exchange Commission (SEC) rejected the Bitcoin spot ETF proposed by Grayscale. The crypto fund has launched a lawsuit against the SEC after the regulator’s denial. Meanwhile, Jacobi Asset Management announced the launch of Europe’s first Bitcoin ETF on the Euronext Amsterdam exchange. Thursday morning, Bitcoin fell…

    SEC investigates TerraUSD stablecoin crash

    The US Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor-protection regulations. The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment products. According to a Bloomberg source, the regulator’s enforcement…

    SEC launches investigation against Binance’s BNB token

    The US Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security during its sale in 2017. In recent months, Binance has faced scrutiny from a variety of US regulators. As Bloomberg reported on Monday, the SEC has launched a probe into the BNB token. The US securities regulator is…